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    12236 29Th St Watford City, ND 58854

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    12236 29Th St Watford City, ND 58854

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    • Commercial real estate
    • 3.20 lot acres
    Off-Market
    Property ID
    US56-0654154
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12236 29Th St

    Lot size
    3.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.2-acre parcel of land presents a prime opportunity for industrial development. Located at 12236 29th K St NW in Watford City, North Dakota, 58854, this property is zoned for industrial use, offering significant potential for various commercial ventures. The lot's size provides ample space for construction and expansion, catering to a wide range of industrial needs. Its strategic location north of Watford City offers convenient access to transportation routes and essential infrastructure. The asking price of $164,000 represents a compelling investment opportunity in a thriving area. This property is part of a larger development offering multiple lots of varying sizes and prices, ranging from 3.07 to 3.87 acres, priced between $153,500 and $193,500. This presents a unique chance to acquire a strategically located industrial lot in a growing North Dakota community. The property's industrial zoning ensures flexibility for a variety of development plans, making it an attractive option for businesses seeking to establish or expand their operations in this dynamic region. Detailed site plans and zoning information are readily available upon request. Don't miss this chance to secure a valuable piece of industrial real estate in Watford City.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Watford City
    County
    Mckenzie
    State
    North Dakota
    Longitude
    -103.2051822
    Latitude
    47.8387928

    Comparable in this City

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      36.74 acres of unplatted land south of Watford City.
      Main St S, Watford City, ND 58854
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      Land For Sale Near Watford

      Land available south of Watford City, North Dakota.
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      Highway Frontage Land For Sale

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      Prime Commercial Land Parcel

      High-visibility commercial land parcel adjacent to the bustling main street.
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      Industrial Land Ready For Development

      Industrial land available for sale or lease off Hwy 23.
      Tbd 23 Hwy, Watford City, ND 58854
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      Unplatted Land in Watford City

      36.74 acres of unplatted land near Watford City.
      Main St, Watford City, ND 58854
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    Similar Nearby for Sale

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      Unplatted Land Near Watford City

      36.74 acres of unplatted land south of Watford City.
      Main St S, Watford City, ND 58854
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      Land For Sale Near Watford

      Land available south of Watford City, North Dakota.
      south Of Watford City Nd, Watford City, ND 58854
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      Highway Frontage Land For Sale

      Land available with highway frontage.
      23 And 85, Watford City, ND 58854
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      Prime Commercial Land Parcel

      High-visibility commercial land parcel adjacent to the bustling main street.
      L4 3Rd St SE Watford City ND, Watford City, ND 58854
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      Industrial Land Ready For Development

      Industrial land available for sale or lease off Hwy 23.
      Tbd 23 Hwy, Watford City, ND 58854
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      Unplatted Land in Watford City

      36.74 acres of unplatted land near Watford City.
      Main St, Watford City, ND 58854
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    Similar Nearby for Lease

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      Watford City Industrial Space

      Single tenant industrial space available for rent in Watford City.
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      Spacious Flex Space in Watford

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      8,000 SF

      Watford City Warehouse - 8,000 SF

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    12236 29Th St
    Watford City, ND 58854
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    12236 29Th St, Watford City, ND, 58854

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