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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

104 Prospect St Watford City, ND 58854

68,688 SF 1.95 ac lot Built 2015
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2015
Total area 68,688 SF
Lot 1.95 ac (84,942 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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