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    8116 61St St Stanley, ND 58784

    • Commercial real estate
    • 3.82 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US56-0104694
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8116 61St St

    Lot size
    3.82 lot acres
    Property type
    Commercial real estate
    APN
    61-0053574
    APU
    610053574

    Description

    This exceptional 6.65-acre parcel of land presents a unique opportunity for industrial or commercial development in Stanley, North Dakota. Located in Mountrail County, this property boasts convenient access, situated south of Highway 2 and east of the Stanley Airport, ensuring excellent visibility and transportation links. The land is zoned for industrial use, providing flexibility for a wide range of projects. Existing infrastructure includes city water and sewer connections, simplifying the development process and reducing upfront costs. The property also features a gravel yard, adding further value and utility. The parcel's size offers ample space for construction of a substantial building or complex, making it ideal for businesses requiring significant land area. The property's location in a growing area of North Dakota offers strong potential for future appreciation. The Assessed Parcel Number (APN) is 610053573. This is a prime opportunity to acquire a strategically located and well-equipped industrial land parcel ready for immediate development. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $445,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $460,000
      Mixed-Use
      $395,000
      Hospitality
      $400,000
      Educational
      $505,000
      Residential Income
      $480,000
      Energy
      $420,000
      Income-Based Land
      $495,000
      Food Service
      $515,000

    Location Insight

    • Map
    • Local Demand
    City
    Stanley
    County
    Mountrail
    State
    North Dakota
    Longitude
    -102.379
    Latitude
    48.301

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,446
    $83,650
    $160,900
    $244,550
    -
    $167,300
    $321,800
    $489,100

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    8116 61St St
    Stanley, ND 58784
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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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