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    22nd M St Watford City, ND 58854

    Sponsored
    For Sale
    $250,000

    18-lot RV park, 4.54 acres, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a thriving 18-lot RV park situated on a substantial 4.54-acre parcel in Watford City, North Dakota. Built in 2012, the park is zoned for commercial use, offering immediate income generation. The property's expansive size presents significant potential for future residential development, expanding the investment's long-term value. Located at 22nd M St NW, Watford City, ND 58854 (47.739618, -103.2901347), this property is in McKenzie County. The asking price is $250,000. The existing RV park infrastructure provides a solid foundation for continued operation and revenue generation, while the ample land allows for strategic expansion or diversification into residential development, catering to the growing demand in the area. This unique combination of established income and future development potential makes this a truly compelling investment opportunity. The property's location offers easy access to local amenities and attractions, further enhancing its appeal to both RV park guests and potential future residents. This is a rare chance to acquire a well-established business with significant upside potential.

    Property Features for 22nd M St

    General Information

    Property type
    Multifamily properties
    Lot Size
    197,762 SF

    Building Details

    Year Built
    2012

    HighLights

    • 18‑lot RV park on 4.54 acres in Watford City, ND.
    • Significant potential for future residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watford City
    County
    McKenzie
    State
    North Dakota
    Longitude
    -103.2901347
    Latitude
    47.739618

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - 18-lot RV park, 4.54 acres, development potential.
    Where is this multifamily property located?
    The property is located at 22nd M St Watford City, ND.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 18-lot RV park on 4.54 acres in Watford City, ND.; Significant potential for future residential development.;
    Request Owner's contact information
    22nd M St Watford City, ND 58854
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    Watford City, ND 58854
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    Realmo Value Estimation

    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.

    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.

    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
    22nd M St Watford City, ND 58854
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