Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10468 1St St Killdeer, ND 58640
    Back to Search
    Property profile & analytics

    10468 1St St Killdeer, ND 58640

    View on Map
    • Investment properties
    • 29,979 SF
    • 9.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 10468 1St St

    Year built
    2011
    Lot size
    9.00 lot acres
    Property size
    29,979 SF
    Property type
    Investment properties

    Description

    This exceptional industrial property, located at 10468 1st Street SW in Killdeer, North Dakota, presents a compelling investment opportunity. The expansive 29,979 square foot building, constructed in 2011 and thoughtfully renovated in 2020, offers a modern and efficient workspace. Situated on a generous 9-acre lot, this single-unit structure provides ample room for expansion or outdoor storage, catering to a variety of industrial and manufacturing needs. The property benefits from a Rural Development zoning designation, offering flexibility for diverse business applications. Its strategic location within the thriving Killdeer area ensures excellent accessibility and visibility. The building's recent renovations ensure it's move-in ready, minimizing upfront capital expenditures. This turnkey solution combines a prime location with a modern, well-maintained facility, making it an ideal investment for businesses seeking to establish or expand their operations in a dynamic and growing market. The asking price of $2,300,000 reflects the exceptional value and potential of this property. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Killdeer
    County
    Dunn
    State
    North Dakota
    Longitude
    -102.772
    Latitude
    47.3965

    Comparable in this City

    • Value Estimation by Request
      2,488 SF

      27 Central Ave

      Investment properties • 2,488 SF
      27 Central Ave, Killdeer, ND 58640
      View Details
    • Value Estimation by Request
      8,720 SF

      301 Gumbo Loop

      Multifamily properties • 8,720 SF
      301 Gumbo Loop, Oakdale, ND 58640
      View Details
    • Value Estimation by Request

      Killdeer, ND 58640

      COMMERCIAL (GENERAL)
      Killdeer, ND 58640
      View Details
    • Value Estimation by Request

      Killdeer, ND 58640

      VACANT COMMERCIAL LAND
      Killdeer, ND 58640
      View Details
    • Value Estimation by Request

      Killdeer, ND 58640

      VACANT COMMERCIAL LAND
      Killdeer, ND 58640
      View Details
    • Value Estimation by Request
      3.49 Acres

      Killdeer, ND 58640

      VACANT COMMERCIAL LAND • 3.49 Acres
      Killdeer, ND 58640
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,600 SF

      Kildeer Industrial Facility For Sale

      9,600 SF industrial facility on 7.73 acres in Kildeer, ND.
      383 102X Ave SW, Killdeer, ND 58640
      View Details
    • Contact for pricing

      Commercial Property in Killdeer, ND

      Commercial property available for sale in Killdeer, North Dakota.
      10468 1St St Southwest, Killdeer, ND 58640
      View Details
    • Contact for pricing
      34,000 SF

      Industrial Property in Killdeer, ND

      34,000 SF industrial property on eight acres for sale.
      10475 1A St SW, Killdeer, ND 58640
      View Details
    • $1,900,000
      29,979 SF

      Spacious Industrial Building in Killdeer

      29,979 SF industrial building, renovated in 2020, for sale.
      10468 1St St SW, Killdeer, ND 58640
      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.
    10468 1St St
    Killdeer, ND 58640
    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
    10468 1St St, Killdeer, ND, 58640
    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!