Convenience Market with Food
For Sale
$550,000
404 2nd, Watford City, ND 58854
Versatile commercial building with food preparation, dining, storage, and convenience retail areas.
Property Size2,662 SF
Lot Size0.41 Acres
Price / SF$206.61
Days on Market18
Property Features for 404 2nd
General Information
Standard status
Active
Size
2,662 SF
Lot size
0.41 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,304
Amenities
0.00
Building Details
Year Built
1960
Listing Agency:
eXp Realty
Listed By:
Erik C Peterson · License #9328
(701) 369-3949
Source:
Clearwaterproperties
Added: Sep 19
Changed: Oct 6
Last Checked: Oct 5 at 7:02PM
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 2,662-square-foot commercial property is configured for convenience retail and food operations. The layout includes 1,610 square feet of food preparation and dining space, an 831-square-foot convenience store area built in 2012, and a 221-square-foot storage warehouse with a walk-in cooler. Central HVAC serves the building, which also includes an attached canopy.
The property occupies a 17,700-square-foot lot at 404 2nd Ave SW in Watford City, North Dakota. On-site improvements include 3,000 square feet of paved asphalt parking. The building was constructed in 1960 and is currently used as a convenience market with food preparation facilities, supporting continued market and food-service operations.
The property occupies a 17,700-square-foot lot at 404 2nd Ave SW in Watford City, North Dakota. On-site improvements include 3,000 square feet of paved asphalt parking. The building was constructed in 1960 and is currently used as a convenience market with food preparation facilities, supporting continued market and food-service operations.
Key Highlights
- 2,662‑square‑foot commercial building on a 17,700‑square‑foot lot
- 1,610 square feet of food preparation and dining space
- 831‑square‑foot convenience store area built in 2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,597
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,940
$491.9K
Cap Rate 7%
$351,386
$351.4K
Cap Rate 9%
$273,300
$273.3K
Market Conditions
NOI Build-Up for 2,662 SF
Gross rent
$39.9K $15.00/SF
− Vacancy
−$4.8K −$1.80/SF
EGI
$35.1K $13.20/SF
− OpEx
−$10.5K −$3.96/SF
NOI
$24.6K $9.24/SF
Area
McKenzie County, ND
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,940
Cap Rate 7%
$351,386
Cap Rate 9%
$273,300
Alternative Uses
Best Use
Retail
$351.4K
$307.5K – $410.0K
NOI $24,597 @ 7.0% cap · market cap 4.47%
Second Best
Specialty Retail
$229.7K
$201.0K – $267.9K
NOI $16,076 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$633.0K
$553.9K – $738.6K
NOI $44,313 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kum & Go
Shops & Services
8,795 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
2,090 visits/mo
0.1 miles
Carquest Auto Parts
Shops & Services
247 visits/mo
0.1 miles
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 Retail in Midwest region
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Similar Off Market Nearby
- Cash Wise Foods Grocery Store Watford City — 113 6th Ave SE Suite 5100, Watford City, ND 58854
- Jack & Jill — 104 3rd Ave NE, Watford City, ND 58854
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Versatile commercial building with food preparation, dining, storage, and convenience retail areas.
Where is this grocery and convenience store located?
The property is located at 404 2nd Watford City, ND.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,662‑square‑foot commercial building on a 17,700‑square‑foot lot; 1,610 square feet of food preparation and dining space; 831‑square‑foot convenience store area built in 2012
