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Property profile & analytics
OFF-MARKET
Specialty properties

1619 Us-83 Garrison, ND 58540

31,200 SF 4.26 ac lot Built 2020
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents a chance to acquire Hwy 83 Lawn & Leisure, a well-established business and its accompanying real estate. Located on 4.26 acres at 1619 US-83 in Garrison, North Dakota (zip code 58540), this mixed-use property boasts high visibility due to its prime location along Highway 83. The property includes two buildings totaling 31,200 square feet. The main building, at 21,600 square feet, features three oversized overhead doors (measuring 16x16, 16x16, and 14x28 feet), public restrooms, and ample paved parking. Climate control is ensured through electric and propane heating, central air conditioning, and a backup generator. Environmentally conscious features include solar panels and an off-site wind turbine, generating surplus electricity and reducing utility costs. A secondary building, spanning 9,600 square feet on 3.29 acres, provides additional heated storage space, currently used for inventory. The property is zoned C1 and was built in 2020. The business itself caters to a diverse customer base, offering a comprehensive range of products from farming and fishing supplies to home improvement items, snacks, and beverages, including small engine repair services. This turnkey operation presents a strong return on investment in an underserved market, combining a robust business model with a strategically located property. The sale includes both the business and the real estate. APN: 36 0007 04449 060. Asking price: $5,000,000.

Property profile
Verified
Property type Specialty properties
Year built 2020
Total area 31,200 SF
Lot 4.26 ac (185,566 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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