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    12597 Zoe Rd Watford City, ND 58854

    For Sale
    $695,000

    50-space RV park, high ROI potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 50-space RV park, located at 12597 Zoe Rd, Watford City, ND 58854, presents a lucrative investment opportunity. Situated on a 4.73-acre lot, this fully developed park, built in 2011, boasts spacious sites measuring 29.5' x 70'. Each site is equipped with water, sewer, and heated probes for winter use, along with metered electricity offering 20/30/50 amp service. The park's prime location on the edge of Watford City, a significant drilling center, ensures consistent demand. This cash-flowing business offers strong financials and is ideal for investors seeking a high return on investment. The property is licensed and operates as a high-quality RV park, making it a turnkey operation. Consider its potential as a workforce housing solution, further enhancing its appeal. The seller may consider owner financing. This is a rare opportunity to acquire a well-established and profitable RV park in a thriving North Dakota market. The property is conveniently located in McKenzie County and offers a significant opportunity for growth and expansion.

    Property Features for 12597 Zoe Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    206,039 SF

    Building Details

    Year Built
    2011
    Units
    50

    HighLights

    • High‑quality, licensed RV park in Watford City, ND, near the oil drilling activity.
    • 50 large RV sites (29.5' x 70'), each with water, sewer, and heated winter hookups.
    • All sites have metered 20/30/50 amp electrical service.
    • Excellent investment opportunity, also suitable for workforce housing.
    • Established, profitable business with strong financials.
    Property Profile Insight Report 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
    -103.2824059
    Latitude
    47.7420382

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - 50-space RV park, high ROI potential
    Where is this multifamily property located?
    The property is located at 12597 Zoe Rd Watford City, ND.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: High-quality, licensed RV park in Watford City, ND, near the oil drilling activity.; 50 large RV sites (29.5' x 70'), each with water, sewer, and heated winter hookups.; All sites have metered 20/30/50 amp electrical service.
    Request Owner's contact information
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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
    12597 Zoe Rd Watford City, ND 58854
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