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    11350 Highway 1804 Ray, ND 58849

    • Commercial real estate
    • 2,988 SF
    • 101.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11350 Highway 1804

    Year built
    1984
    Lot size
    101.00 lot acres
    Property size
    2,988 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 11350 Highway 1804 in Ray, North Dakota, presents a unique investment opportunity. The 2,988 square foot main building houses a fully operational marina with 52 currently rented boat slips, generating immediate income. Convenient boat ramps enhance accessibility. The property also includes rentable cabins and a restaurant offering dining with a waterfront view. A spacious loft above the restaurant provides living quarters, ideal for an on-site manager or owner. Situated on over 101 acres of land, this multifaceted business offers significant expansion potential. The substantial acreage allows for the possibility of developing a campground, further increasing revenue streams and overall property value. This turnkey operation provides a rare chance to acquire a thriving waterfront business with immediate income and substantial growth potential. The combination of the marina, rental cabins, restaurant, and ample land makes this a truly unique and attractive investment in the North Dakota commercial real estate market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ray
    County
    Williams
    State
    North Dakota
    Longitude
    -103.141
    Latitude
    48.1636

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      Ray, ND 58849

      COMMERCIAL (GENERAL)
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    • Value Estimation by Request

      Ray, ND 58849

      COMMERCIAL (GENERAL)
      Ray, ND 58849
      View Details
    • Value Estimation by Request

      Ray, ND 58849

      COMMERCIAL (GENERAL)
      Ray, ND 58849
      View Details
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    11350 Highway 1804
    Ray, ND 58849
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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
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