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Property profile & analytics
OFF-MARKET
Hotels

2324 2Nd Ave Williston, ND 58801

1.17 ac lot Built 1978
Entity Owned 3-yr Hold
Property ID
US56-0618729
Property summary
AI-generated overview

This fee-simple, 82-key Super 8 by Wyndham hotel in Williston, North Dakota, presents a compelling investment opportunity. Built in 1978, this three-story, interior-corridor property sits on a 1.17-acre lot at 2324 2nd Ave W, 58801. The hotel boasts an indoor pool, hot tub, on-site laundry, and ample parking, catering to diverse travelers. Its prime location near Route 2/85 benefits from the robust economy driven by the Bakken shale formation and significant energy sector employers including Halliburton, Calfrac Well Services, and Kinder Morgan, all within a reasonable distance. Williston State College and the recently opened Williston Basin International Airport further enhance the area's appeal and contribute to consistent occupancy. The property offers a pro-forma NOI of $390,923 and a pro-forma cap rate of 14.48%, with an asking price of $2,700,000 ($32,927 per key). The hotel is unencumbered by management contracts or existing debt, providing a clean and attractive investment profile for qualified buyers. This presents a strong opportunity to capitalize on the thriving Williston market and its diverse economic drivers. The property's amenities and strategic location position it to continue attracting business and leisure travelers alike. The sale is a fee-simple ownership transfer.

Property profile
Verified
Property type Hotels
Year built 1978
Lot 1.17 ac (50,965 SF)
UPID US56-0618729
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
Current use
Occupant on record · Public records
  • Super 8 by Wyndham Williston ND Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Williston Lodging LLC · 3 yrs held
Williston Lodging LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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