104 Prospect St Watford City, ND 58854
This exceptional 2015-built property at 104 Prospect St SE, Watford City, ND, presents a lucrative investment opportunity. The 1.95-acre lot encompasses a substantial 68,688 square feet of space, divided between a 55-unit apartment building and 12,000 square feet of commercial space. Currently fully occupied, this asset generates a stable income stream from both residential and commercial tenants. The property boasts a permitted commercial zoning designation, allowing for flexibility and potential future development. The land value, calculated at $93.17 per square foot, reflects the strong market demand in this area. Located in McKenzie County, ND, with a zip code of 58854, this meticulously maintained complex benefits from its prime location and professional management. The property's APN is 82-23-03200. This turnkey investment offers a rare chance to acquire a high-performing asset with significant potential for long-term growth and returns. The asking price is $6,400,000. This is a fully occupied, well-maintained property with a proven track record of success. Don't miss this chance to own a piece of Watford City's thriving commercial and residential market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.