Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Reiger Dr Williston, ND 58801

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Highway 2 frontage, prime development land.

    Property Features for 0 Reiger Dr

    General Information

    Property type
    Land
    Lot Size
    43,996 SF

    We can help!

    Listing Contact
    Michael Ilse
    Michael Ilse

    Listing Agency: Aspen Group Listing Agent: Michael Ilse

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Seven commercial land parcels are available for development in Williston, North Dakota, offering exceptional visibility from Highway 2. These parcels range in size from 1.01 to 6.28 acres and are zoned C3—Restricted Commercial. The land is priced at $15 per square foot. The combined acreage provides a significant opportunity for various commercial ventures. The property's strategic location near major roadways ensures high traffic volume and excellent exposure. This prime location boasts proximity to established businesses including CHI St. Alexius Health, Trinity Community Clinic, Papa Murphy's, Buffalo Wild Wings, Culver's, Famous Dave's, Motel 6, Hampton Inn, Clarion Hotel & Suites, and First International Bank. The seller is willing to subdivide the parcels to accommodate individual development needs. The property's APN numbers are: 01-653-00-00-01-011, 01-653-00-00-01-012, 01-653-00-00-01-013, 01-653-00-00-01-020, 01-653-00-00-01-030, 01-653-00-00-01-040, and 01-653-00-00-01-050. The address is Reiger Dr, Williston, ND 58801. This presents a unique chance to capitalize on the thriving commercial landscape of Williston.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Williston
    County
    Williams
    State
    North Dakota
    Longitude
    -103.6572989
    Latitude
    48.1469204

    Nearby Similar for Sale

    • $2,600,000
      29,184 SF

      Multifamily Complex with Development Potential

      32-unit complex with extra lot for future development.
      1511 4Th St West, Williston, ND 58801
      View Details
    • $18,500,000
      114,340 SF

      Williston Industrial Facility For Sale

      114,340 SF industrial facility with cranes and ample paving.
      805 48 Ave W, Williston, ND
      View Details
    • $249,000
      4,272 SF

      Main Street Retail Investment

      ND Retail Space: High-Income Potential
      120 Main St, Williston, ND 58801
      View Details
    • $700,000
      6,600 SF

      Williston Warehouse Investment

      6,600 SF Warehouse, 10 Acres, Leased
      13837 60Th St, Williston, ND 58801
      View Details
    • $6,550,000
      23,290 SF

      FedEx Distribution Center, Williston, ND

      High-yield, Net Lease FedEx investment
      8923 Oil Ave, Williston, ND 58801
      View Details
    • $420,000
      7,052 SF

      Williston Commercial Building - Huge Potential

      Historic building, versatile space, ample parking.
      324 2Nd St, Williston, ND 58801
      View Details
    • $6,850,000
      33,000 SF

      Williston Auto Shop - 10 Acres

      33,000 SF vacant auto shop; prime location.
      6611 2Nd Ave, Williston, ND 58801
      View Details
    • $4,800,000
      36,608 SF

      424 32Nd Ave

      Neighborhood centers • 36,608 SF
      424 32Nd Ave, Williston, ND 58801
      View Details
    • $1,000,000
      10,800 SF

      13375 55Th St, Williston, ND 58801

      Investment properties • 10,800 SF
      13375 55Th St, Williston, ND 58801
      View Details
    • $2,250,000

      Williston Multifamily Investment Opportunity

      48-Unit Apartment Complex, High Demand
      2910-3002 17Th Ave, Williston, ND 58801
      View Details
    • $18,500,000
      20.08 Acres

      805 48 Ave, Williston, ND 58801

      Commercial real estate • 20.08 Acres
      805 48 Ave, Williston, ND 58801
      View Details
    • $18,500,000
      20,000 SF

      805 48 Ave

      Distribution properties • 20,000 SF
      805 48 Ave, Williston, ND 58801
      View Details

    FAQs

    What type of property is this?
    Land - Highway 2 frontage, prime development land.
    Where is this land located?
    The property is located at Reiger Dr Williston, ND.
    What are key features of this property?
    This property features: Seven commercial land parcels totaling 17.6 acres available for development in Williston, ND.; Parcels range from 1.01 to 6.28 acres, priced at $15/SF, and zoned C3-Restricted Commercial.; High visibility from Highway 2, near established businesses including CHI St. Alexius Health and multiple hotels and restaurants.
    (701) 223-2450 Call to check price and availability
    Request Owner's contact information
    Reiger Dr Williston, ND 58801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Reiger Dr
    Williston, ND 58801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Reiger Dr Williston, ND 58801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Ilse
    Michael Ilse
    Real Estate License ID: 8214
    (701) 223-2450 (214) 522-7200 (214) 915-8896
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!