Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    County Road 17 Horace, ND 58047

    Sponsored
    For Sale
    $2,551,572

    Prime Commercial Land in Booming Horace, ND

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional commercial land offering presents a unique investment opportunity in Horace, North Dakota, a city experiencing remarkable growth. Located within the thriving Southdale Farms Development, these parcels are available for immediate sale or build-to-suit options, catering to a variety of commercial ventures. The property boasts significant acreage, with lot sizes ranging from 212,631 to 934,709 square feet, providing ample space for large-scale developments. The land is zoned for commercial use, ensuring flexibility and ease of development. Horace's designation as the 2019 North Dakota City of the Year underscores its vibrant and forward-thinking community. With a projected growth rate of 220% over the next 5-7 years, this location offers unparalleled potential for long-term appreciation and strong returns on investment. The asking price ranges from $6 to $14 per square foot, reflecting the exceptional value and growth potential of this prime commercial real estate. Situated at Co Rd 17, Horace, ND 58047, this property offers easy access to key transportation routes and amenities. This is an exceptional chance to capitalize on the explosive growth of Horace and secure a prominent position in this dynamic market. Don't miss this opportunity to acquire a piece of North Dakota's burgeoning commercial landscape.

    Property Features for 0 County Road 17

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Travis Voegele
    Travis Voegele

    Learn more

    HighLights

    • Exceptional commercial land investment opportunity in Horace, ND's Southdale Farms Development.
    • Lots range from 212,631 to 934,709 square feet, suitable for large‑scale development.
    • Commercially zoned for flexible development.
    • Asking price: $6-$14 per square foot.
    • Located at Co Rd 17, Horace, ND 58047, with easy access to transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Horace
    County
    North Dakota
    State
    North Dakota
    Longitude
    -96.9044893
    Latitude
    46.7244141

    Nearby Comparable

    • $3,150,000
      93.73 Acres

      Horace Development Land: 93 Acres

      Prime development land, Horace, ND. Agricultural zoning.
      7002 112Th Ave, Horace, ND 58047
      View Details
    • $249,999
      2.00 Acres

      Horace Industrial Lot - Prime Location

      Build Your Dream Shop - Investment Opportunity
      1095 You Betcha Dr, Horace, ND 58047
      View Details
    • $519,999
      4.00 Acres

      Horace Industrial Lot - Prime Location

      Build Your Dream Shop - 3.55 Acres
      1085 You Betcha Dr, Horace, ND 58047
      View Details
    • $1,836,100

      Fargo Land Parcel For Sale

      Land parcel available in Fargo, North Dakota.
      9350 57Th St S, Fargo, ND 58102
      View Details
    • $1,570,415
      40.79 Acres

      Prime Horace Farmland - 40 Acres

      Highly productive agricultural land in Cass County, ND.
      99999 Horace Nd 58047, Horace, ND 58047
      View Details
    • $985,000
      4.11 Acres

      Fargo Commercial Land - 4.11 Acres

      Prime Fargo location, industrial & commercial zoning.
      3900 98 Ave, Fargo, ND 58104
      View Details
    • $2,194,220
      3.60 Acres

      Horace Commercial Land - 3.6 Acres

      Prime Horace land, ideal for development.
      7954 Jacks Way, Horace, ND 58047
      View Details
    • Contact for pricing
      960 SF

      Luxury Garage Condos in Fargo

      High-end garages, customizable spaces.
      3800 98 Ave, Fargo, ND 58104
      View Details
    • $1,427,650

      Vacant Land For Sale

      Approximately 40.79 acres of vacant land available for purchase.
      9612 36Th St S, Horace, ND 58047
      View Details
    • Contact for pricing
      50,949 SF

      Lakeview Heights Commercial Land

      Prime Fargo-area commercial land, ideal for development.
      0 76Th Ave, Fargo, ND 58047
      View Details
    • Contact for pricing
      1.23 Acres

      Fargo Commercial Land Development

      Prime I-29 development sites, Fargo, ND.
      I-29 Ave, Fargo, ND 58047
      View Details
    • $6,285,150
      139.67 Acres

      South Fargo Development Land

      139 Acres, Mixed-Use Potential
      3257 88Th Ave, Fargo, ND 58104
      View Details

    Nearby Similar for Sale

    • $249,999
      2.00 Acres

      Horace Industrial Lot - Prime Location

      Build Your Dream Shop - Investment Opportunity
      1095 You Betcha Dr, Horace, ND 58047
      View Details
    • $519,999
      4.00 Acres

      Horace Industrial Lot - Prime Location

      Build Your Dream Shop - 3.55 Acres
      1085 You Betcha Dr, Horace, ND 58047
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land in Booming Horace, ND
    Where is this land located?
    The property is located at County Road 17 Horace, ND.
    What is the asking price?
    The asking price for this property is $2,551,572.
    What are key features of this property?
    This property features: Exceptional commercial land investment opportunity in Horace, ND's Southdale Farms Development.; Lots range from 212,631 to 934,709 square feet, suitable for large-scale development.; Commercially zoned for flexible development.
    (701) 499-3916
    Request Owner's contact information
    County Road 17 Horace, ND 58047
    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.
    County Road 17
    Horace, ND 58047
    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
    County Road 17 Horace, ND 58047
    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!
    Listing Contact
    Travis Voegele
    Travis Voegele
    Real Estate License ID: ND 8297
    (701) 499-3916
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.