Warehouse For
For Sale
$9,500,000
Pending
3711 4th Avenue NE Watford City ND 58854, Watford City, ND 58854
For-sale warehouse property totaling 102,985 square feet in Watford City, ND.
Property Size102,985 SF
Days on Market101
Property Features for 3711 4th Avenue NE Watford City ND 58854
General Information
Standard status
Pending
Size
102,985 SF
Property subtype
Industrial
Building Details
Year Built
1978
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: Jul 14
Changed: Oct 3
Last Checked: Oct 20 at 5:21PM
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
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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 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$480,842
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,616,840
$9.6M
Cap Rate 7%
$6,869,171
$6.9M
Cap Rate 9%
$5,342,689
$5.3M
Market Conditions
NOI Build-Up for 102,985 SF
Gross rent
$617.9K $6.00/SF
− Vacancy
−$52.2K −$0.51/SF
EGI
$565.7K $5.49/SF
− OpEx
−$84.9K −$0.82/SF
NOI
$480.8K $4.67/SF
Area
McKenzie County, ND
Vacancy
8.45%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,616,840
Cap Rate 7%
$6,869,171
Cap Rate 9%
$5,342,689
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
388
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- 24 7 Rental & Storage — 505 12th St SE, Watford City, ND 58854
- Watford City Storage — 409 12th St NE, Watford City, ND 58854
Frequently Asked Questions
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
