Multi-Office Coworking
329 Main, Watford City, ND 58854
For Sale
Contact for pricing
Office arrangements come in multiple sizes, with shared meeting areas and kitchen access.
Property Size2,850 SF
Days on Market50
Property Features for 329 Main
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
conference room
planning table/meeting area
kitchen
bathrooms
printer
0.00
Listing Agency:
Paramount Real Estate LLC
Listed By:
Katie Walters · License ND #9206
(701) 339-3311
Source:
Clearwaterproperties
Added: Sep 26
Changed: Nov 14
Last Checked: Nov 14 at 3:13AM
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 Paramount Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,850-square-foot coworking property at 329 Main includes several offices in different sizes. Each office has at least one desk, and occupants can use shared areas including a conference room, a meeting space with a planning table, a kitchen, restrooms, and a printer.
Key Highlights
- 2,850‑square‑foot coworking property at 329 Main
- Multiple offices offered in different sizes
- At least one desk in each office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,268
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,360
$685.4K
Cap Rate 7%
$489,543
$489.5K
Cap Rate 9%
$380,756
$380.8K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$57.1K $20.04/SF
− Vacancy
−$11.4K −$4.01/SF
EGI
$45.7K $16.03/SF
− OpEx
−$11.4K −$4.01/SF
NOI
$34.3K $12.02/SF
Area
McKenzie County, ND
Vacancy
20.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,360
Cap Rate 7%
$489,543
Cap Rate 9%
$380,756
Alternative Uses
Best Use
Office B
$489.5K
$428.4K – $571.1K
NOI $34,268 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$677.7K
$593.0K – $790.7K
NOI $47,442 @ 7.0% cap
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
415
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Coworking space - Office arrangements come in multiple sizes, with shared meeting areas and kitchen access.
Where is this coworking space located?
The property is located at 329 Main Watford City, ND.
What are key features of this property?
This property features: 2,850‑square‑foot coworking property at 329 Main; Multiple offices offered in different sizes; At least one desk in each office
