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    12803 20Th St Belfield, ND 58622
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    12803 20Th St, Belfield, ND 58622

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    • Mobile home & RV parks
    • 13.05 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 12803 20Th St

    Lot size
    13.05 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Mixed-use properties

    Description

    This unique 13.05-acre property in Belfield, North Dakota, presents a compelling investment opportunity. Located at 12803 20th St SW, zip code 58622, the property boasts a diverse range of features, making it ideal for a variety of uses. The site includes a fully operational bar known as Club 85, complete with a high-end digital sign visible from Highway 85, maximizing its visibility and potential for attracting customers. In addition to the bar, the property features a single-family home equipped with integrated office spaces, providing convenient on-site accommodation and administrative areas. A significant portion of the land is dedicated to a mobile home park, encompassing 20 spaces, each equipped with essential utilities including power, water, and a septic system. The industrial yard component offers ample space for storage, equipment, or further development. Currently vacant, this property offers the new owner the chance to capitalize on its existing infrastructure and diverse components, creating a unique and potentially lucrative venture. The asking price for this multifaceted property is $725,000. This is a rare opportunity to acquire a substantial property with multiple income streams and significant development potential in a single transaction.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Belfield
    County
    Billings
    State
    North Dakota
    Longitude
    -103.252
    Latitude
    46.8748

    Comparable in this City

    • Value Estimation by Request
      19,800 SF

      1086 Hwy 10th E

      LUMBERYARD, BUILDING MATERIALS
      1086 Hwy 10th E, Belfield, ND 58622-7421
      View Details
    • Value Estimation by Request
      4,128 SF

      406 Hwy 10th E

      STORE/OFFICE (MIXED USE)
      406 Hwy 10th E, Belfield, ND 58622-7277
      View Details
    • Value Estimation by Request
      2,105 SF

      101 Hwy 10th W

      STORE/OFFICE (MIXED USE)
      101 Hwy 10th W, Belfield, ND 58622-7142
      View Details
    • Value Estimation
      $640,000
      11,136 SF

      907 Hwy 85th N

      STORE/OFFICE (MIXED USE)
      907 Hwy 85th N, Belfield, ND 58622
      View Details
    • Value Estimation
      $675,000
      7,500 SF

      801 Hwy 85th N

      STORE/OFFICE (MIXED USE)
      801 Hwy 85th N, Belfield, ND 58622-7404
      View Details
    • Value Estimation by Request
      2,800 SF

      Belfield, ND 58622

      WAREHOUSE, STORAGE
      Belfield, ND 58622
      View Details
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    Belfield, ND 58622
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    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
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