Watford City Commercial
For Sale
$1,300,000
Pending
2066 125th Avenue NW Watford City ND 58854, Watford City, ND 58854
Commercial property in Watford City with shop and office space.
Property Size9,708 SF
Days on Market151
Property Features for 2066 125th Avenue NW Watford City ND 58854
General Information
Standard status
Pending
Size
9,708 SF
Building Details
Year Built
2016
Listing Agency:
Proven Realty, Llc Brokered By Exp Realty
(701) 369-3949
Listed By:
Erik C. Peterson · License #9328
(403) 262-7653
Source:
Search.provenrealtynd
Added: May 25
Changed: Oct 10
Last Checked: Oct 20 at 5:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Proven Realty, Llc Brokered By Exp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located in Watford City, North Dakota. Constructed in 2016, the property was recently renovated in 2024. The property is zoned for commercial use. It features a shop area of approximately 9,600 square feet and an office/living space of approximately 3,200 square feet. The shop area includes six overhead doors with drive-through bays. The property was updated in 2024, including a new shop floor.
Key Highlights
- Prime commercial location in Watford City, ND.
- Boasts a large +/-9,600 SQ FT shop area with 6 overhead doors and drive‑through bays.
- Recently renovated in 2024, including a brand new shop floor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,084
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,680
$961.7K
Cap Rate 7%
$686,914
$686.9K
Cap Rate 9%
$534,267
$534.3K
Market Conditions
NOI Build-Up for 9,708 SF
Gross rent
$116.5K $12.00/SF
− Vacancy
−$42.5K −$4.38/SF
EGI
$74.0K $7.62/SF
− OpEx
−$25.9K −$2.67/SF
NOI
$48.1K $4.95/SF
Area
McKenzie County, ND
Vacancy
36.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,680
Cap Rate 7%
$686,914
Cap Rate 9%
$534,267
Alternative Uses
Best Use
Flex RnD
$686.9K
$601.1K – $801.4K
NOI $48,084 @ 7.0% cap · market cap 3.70%
Second Best
Industrial
$533.3K
$466.6K – $622.1K
NOI $37,328 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,603 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58854, ND
9,142
Population
4,941
Households
1.9
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
666.1 sq mi
ZIP Area
14
Density / Sq Mi
$88,234
Median Household Income
$61,278
Median Earnings
$1,212
Median Rent
$387,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property in Watford City with shop and office space.
Where is this flex space located?
The property is located at 2066 125th Avenue NW Watford City ND 58854 Watford City, ND.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime commercial location in Watford City, ND.; Boasts a large +/-9,600 SQ FT shop area with 6 overhead doors and drive‑through bays.; Recently renovated in 2024, including a brand new shop floor.
