301 Gumbo Loop Oakdale, ND 58640
- Specialty properties
- 8,720 SF
Current Use by Public Records
- RC Depot & Treasures / Retail Space Rental Agency / Antique Store
- Z RV Park / Rv Supply Store / Rv Park
Property Details for 301 Gumbo Loop
- Year built
- 1980
- Property size
- 8,720 SF
- Property type
- Specialty properties
- Property subtype
- Mobile home & RV parks
Description
This exceptional commercial property in Killdeer, North Dakota, presents a unique investment opportunity. The 8,720-square-foot building encompasses a versatile shop with three 16-foot overhead doors, ideal for various industrial or commercial uses, and a five-office space with two conference rooms. Three on-site apartments provide additional income potential or housing for staff. Complementing the commercial space is a well-maintained 19-pad RV park, perfectly positioned to serve the thriving energy sector in the Williston Basin. Built in 1980, this Class B property boasts a current occupancy of 20%, projected to increase. The asking price is $1,000,000, representing a compelling $114.68 per square foot and a projected 11.06% capitalization rate based on a Net Operating Income (NOI) of $110,600. Projected expenses include $16,175 for heat, $1,620 for water, sewer, and gas, $4,800 for snow removal, $5,790 for property taxes, and $6,600 for insurance. The property's location in Dunn County, within the dynamic Williston Basin, offers significant growth potential due to the region's robust oil and gas production. Seller financing may be available for qualified buyers. The property's address is 301 Gumbo Loop, Killdeer, ND 58640. APN: 10-8204-023.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakdale
- County
- Dunn
- State
- North Dakota
- Longitude
- -102.897
- Latitude
- 47.4712
