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    Historic Farmstead in Sheyenne River Valley Title is generated by Realmo AI

    3137 51st Ave NE, Maddock, ND 58348

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    Claim this Listing
    New
    For Sale
    $450,000

    Farm/Estate - Maddock, ND

    Type:Farm
    Lot size:
    50.00 Acres
    Added:
    May 27, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 2 at 6:06 pm

    Property Features for 3137 51st Ave NE

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    300
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Dining Room, Kitchen, Living Room
    Parking features
    Garage, Garage - Detached
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dryer, Refrigerator
    Standard status
    Active
    Lot size
    50.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Baseboard, Electric (Heating), Fireplace(s), Wood (Heating)

    Building Details

    Year built
    1913
    Year renovated
    1913
    Floors in Building
    2
    Flooring type
    Hardwood
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Sara Reese

    Listing agent Sara Reese

    Listing office Vorland Land Company PO Box 287, NEW ROCKFORD, ND

    Listing date May 27, 2026

    MLS# 11792243 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 50‑acre farmstead in the Sheyenne River Valley with breathtaking river views and scenic landscapes.
    • Historic 1913 Sears, Roebuck & Co. home with original hardwood floors, woodwork, and staircases.
    • Unique walk‑out rooftop deck offering peaceful countryside views.
    • Abundant acreage ideal for horses or hobby farming, with mature trees, fruit trees, and nearby hunting/fishing.
    • Large Quonset with cement floor for equipment storage, recreational vehicles, or workshop space.
    • Fiber optic internet and rural water access.

    Overview

    Located in Benson County, North Dakota, this 50-acre farmstead resides in the Sheyenne River Valley. The property includes a historic Sears, Roebuck & Co. home constructed in 1913 of block construction. The home features original hardwood floors and woodwork. The second floor contains 4 bedrooms and a full bathroom with an original claw foot tub. A walk-out roof top deck is located above the front porch. The unfinished attic has high ceilings and windows. The main floor features an enclosed front porch and back porch, kitchen, dining room, office, laundry area, bathroom, and a living room with fireplace. The dining room includes hand-painted murals completed in 1914 and a stained glass window leading to the back porch. The property is suited for horses or hobby farming, and includes mature trees, fruit trees, and lilacs. Hunting and fishing opportunities are available nearby. A large Quonset with cement floor provides storage. Additional features include rural water, fiber optic internet, a basement with solid block foundation, and a long private driveway. The property offers potential to update, restore, or build new overlooking the river.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Maddock
    County
    Benson
    State
    North Dakota
    Longitude
    -99.495072
    Latitude
    47.869545

    FAQs

    What type of property is this?
    Farm - Rare 50-acre farmstead with historic home and river views.
    Where is this farm located?
    The property is located at 3137 51st Ave NE Maddock, ND.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 50‑acre farmstead in the Sheyenne River Valley with **breathtaking river views and scenic landscapes**.; Historic 1913 Sears, Roebuck & Co. home with **original hardwood floors, woodwork, and staircases**.; **Unique walk‑out rooftop deck offering peaceful countryside views.**
    (701) 789-1768
    We can help!
    Listing Contact
    Sara Reese
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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