Warehouse For
3711 4th Avenue Ne Watford City ND 58854 Watford City, ND 58854
3711 4th Avenue Ne Watford City ND 58854, Watford City, ND, 58854
$9,500,000
For Sale
$9,500,000
For-sale warehouse property totaling 102,985 square feet in Watford City, ND.
Property Size102,985 SF
Price / SF$92.25
Days on Market10
Property Features for 3711 4th Avenue Ne Watford City ND 58854
General Information
- Standard status
- Active
- Size
- 102,985 SF
Building Details
- Year Built
- 1978
Listing agency
Exp Realty
(701) 369-3949
Listed by
Erik C Peterson · License #9328
(701) 369-3949
Source
Search.provenrealtynd
Added: Jul 14 Updated: Jul 21 at 4:50PM Checked: Jul 23 at 3:09AM
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 Exp Realty
Investment Insights
Based on property information with market context.
This for-sale commercial warehouse property totals 102,985 square feet and is listed under the warehouse and other warehouse property types.
The building is located at 3711 4th Avenue NE in Watford City, North Dakota (58854).
The building is located at 3711 4th Avenue NE in Watford City, North Dakota (58854).
Key Highlights
- Warehouse property for sale totaling 102,985 SF in Watford City, ND
- Built in 1978
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $617.9k | $6.00 |
| − Vacancy | −$52.2k | −$0.51 |
| EGI | $565.7k | $5.49 |
| − OpEx | −$84.9k | −$0.82 |
| NOI | $480.8k | $4.67 |
102,985 SF · lease $6.00/SF/yr · vacancy 8.45% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.87M
$6.01M – $8.01M
NOI $480,842 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.49M
$21.43M – $28.57M
NOI $1,714,330 @ 7.0% cap · market cap 18.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Watford City Storage — 409 12th St NE, Watford City, ND 58854
- 24 7 Rental & Storage — 505 12th St SE, Watford City, ND 58854
FAQs
What type of property is this?
Warehouse - For-sale warehouse property totaling 102,985 square feet in Watford City, ND.
Where is this warehouse located?
The property is located at 3711 4th Avenue Ne Watford City ND 58854 Watford City, ND.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Warehouse property for sale totaling 102,985 SF in Watford City, ND; Built in 1978
