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

    12229 29Th St Watford City, ND 58854

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

    3.87-Acre Industrial Lot, $193,500

    Property Features for 12229 29Th St

    General Information

    Property type
    Land
    Lot Size
    168,577 SF

    We can help!

    Listing Contact
    Erik C. Peterson
    Erik C. Peterson

    Listing Agency: Proven Realty, LLC brokered by eXp Realty Listing Agent: Erik C. Peterson

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 3.87-acre lot is ideally situated north of Watford City, North Dakota, at 12229 29th K St NW, Block 2 Lot 2, zip code 58854. The property is zoned for industrial use, presenting a prime opportunity for development. Located in a desirable area, this parcel offers significant potential for various industrial projects. The asking price for this specific lot is $193,500. This is one of several available lots in the area ranging in size from 3.07 to 3.87 acres, with prices ranging from $153,500 to $193,500. Detailed information on lot sizes and pricing for the other available parcels is readily accessible. The property's latitude and longitude coordinates are 47.8400361 and -103.2037339 respectively. This represents a compelling investment opportunity in a growing industrial sector. Serious inquiries are encouraged to explore this exceptional land offering further. Don't miss this chance to secure a strategically located industrial property in a thriving North Dakota community. Contact us today to learn more about this and other available lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Watford City
    County
    Mckenzie
    State
    North Dakota
    Longitude
    -103.2037339
    Latitude
    47.8400361

    Nearby Similar for Sale

    • $950,000
      4,750 SF

      Watford City Industrial Property

      5.62-acre industrial property with shop, office, and secure yard.
      2612 123Rd Ave NW, Watford City, ND 58854
      View Details
    • $699,000
      2,880 SF

      Watford City Retail Investment

      2,880 SF Retail Space w/ Living Quarters
      2045 125Th Ave, Watford City, ND 58854
      View Details
    • $695,000
      4.73 Acres

      Prime Watford City RV Park

      50-space RV park, high ROI potential
      12597 Zoe Rd, Watford City, ND 58854
      View Details
    • $1,150,000
      7.40 Acres

      Prime Watford City RV Park

      86-space RV park, excellent cash flow
      12556 Zoe Rd, Watford City, ND 58854
      View Details
    • $7,499,000
      55,148 SF

      Telluride Lodge: Watford City Investment

      164-unit apartment complex, prime location.
      12648 23Rd St, Watford City, ND 58854
      View Details

    FAQs

    What type of property is this?
    Land - 3.87-Acre Industrial Lot, $193,500
    Where is this land located?
    The property is located at 12229 29Th St Watford City, ND.
    What is the asking price?
    The asking price for this property is $193,500.
    What are key features of this property?
    This property features: $193,500 asking price for 3.87 acres of industrial land.; Located north of Watford City, North Dakota.; Multiple lots available ranging in size from 3.07 to 3.87 acres.
    (701) 369-3949 Call to check price and availability
    Request Owner's contact information
    12229 29Th St Watford City, ND 58854
    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.
    12229 29Th St
    Watford City, ND 58854
    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
    12229 29Th St Watford City, ND 58854
    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 Erik C. Peterson
    Erik C. Peterson
    Real Estate License ID: 9328
    (701) 369-3949
    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!