Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    L4 L5 Ave Schafer, ND 58854

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    L4 L5 Ave Schafer, ND 58854

    View on Map
    • Land
    • 25.68 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for L4 L5 Ave

    Lot size
    25.68 lot acres
    Property type
    Land

    Description

    This exceptional 25.68-acre commercial land parcel presents a remarkable investment opportunity in Watford City, North Dakota. Located on TBD Prairie Rose Avenue (B5, L1, L4, L5), this property boasts a highly desirable location with significant highway frontage, ensuring maximum visibility and accessibility for any commercial venture. The land is zoned for commercial use, simplifying the development process. City services are readily available, further enhancing the appeal and practicality of this site. With a total lot size of 1,118,621 square feet and a land value of $3.21 per square foot, the asking price is $3,593,700. The property's APN numbers are 82-23-00800, 82-23-03600, and 82-23-03700. This expansive tract is ideally suited for a wide range of commercial developments, from large-scale retail establishments to vibrant mixed-use projects. Its strategic location and ample space offer unparalleled potential for significant return on investment. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving North Dakota community. The property is situated in McKenzie County, with a Watford City zip code of 58854. Latitude and longitude coordinates are 47.7633248 and -103.1392835 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Schafer
    County
    McKenzie
    State
    North Dakota
    Longitude
    -103.139
    Latitude
    47.7633

    Comparable in this City

    • Value Estimation by Request
      4.22 Acres

      16 Block 1 Ave

      Land • 4.22 Acres
      16 Block 1 Ave, Schafer, ND 58854
      View Details
    • Value Estimation by Request
      54.73 Acres

      23 And 85

      Land • 54.73 Acres
      23 And 85, Schafer, ND 58854
      View Details
    • Value Estimation by Request
      22.40 Acres

      Tbd 23 Hwy

      Land • 22.40 Acres
      0 Tbd 23 Hwy, Keene, ND 58854
      View Details
    • Value Estimation by Request
      96.63 Acres

      Us-85

      Land • 96.63 Acres
      0 Us-85, Watford City, ND 58854
      View Details
    • Value Estimation by Request
      2.50 Acres

      L4 3Rd St

      Land • 2.50 Acres
      L4 3Rd St, Watford City, ND 58854
      View Details
    • Value Estimation by Request
      1.61 Acres

      3rd 3Rd St

      Land • 1.61 Acres
      3rd 3Rd St, Watford City, ND 58854
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Unplatted Land Near Watford City

      36.74 acres of unplatted land south of Watford City.
      Main St S, Watford City, ND 58854
      View Details
    • Contact for pricing

      Land For Sale Near Watford

      Land available south of Watford City, North Dakota.
      south Of Watford City Nd, Watford City, ND 58854
      View Details
    • Contact for pricing

      Highway Frontage Land For Sale

      Land available with highway frontage.
      23 And 85, Watford City, ND 58854
      View Details
    • Contact for pricing

      Industrial Land Ready For Development

      Industrial land available for sale or lease off Hwy 23.
      Tbd 23 Hwy, Watford City, ND 58854
      View Details
    • Contact for pricing

      Unplatted Land in Watford City

      36.74 acres of unplatted land near Watford City.
      Main St, Watford City, ND 58854
      View Details
    • Contact for pricing

      Prime Commercial Land Parcel

      High-visibility commercial land parcel adjacent to the bustling main street.
      L4 3Rd St SE Watford City ND, Watford City, ND 58854
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Watford City Industrial Space

      Single tenant industrial space available for rent in Watford City.
      1866 Bear Den Rd, Watford City, ND 58854
      View Details
    • Contact for pricing

      Spacious Flex Space in Watford

      7,650 SF flex space on 20 acres for lease.
      1866 Bear Den Rd, Watford City, ND 58854
      View Details
    • $9 SF/Yr
      8,000 SF

      Watford City Warehouse - 8,000 SF

      Spacious industrial warehouse, ideal for various uses.
      12509 20Th St, Watford City, ND 58854
      View Details
    Request Owner's contact information
    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.
    L4 L5 Ave
    Schafer, 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
    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

    Thank You for Inquiry

    L4 L5 Ave, Schafer, ND, 58854

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!