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Property profile & analytics
OFF-MARKET Estimated value $85,000
Commercial land

404 2nd SE St Belfield, ND 58622

5.81 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US56-0600844
Property summary
AI-generated overview

This exceptional 6.79-acre commercial land parcel, located at 404 2nd Street SE in Belfield, North Dakota, presents a compelling investment opportunity. Zoned for parks and recreation, this property is ideally suited for development as an RV park, capitalizing on its existing infrastructure. The site boasts city hookups for water, sewer, and power, significantly reducing development costs and accelerating the potential for immediate revenue generation. Situated in an established neighborhood within Stark County, this location offers convenient access to local amenities and services. The asking price for this strategically located property is $280,000. The 6.79-acre lot provides ample space for a substantial RV park development, offering numerous potential revenue streams. Given its existing infrastructure and prime location, this property represents a rare opportunity for investors seeking a high-return, low-risk venture in a thriving North Dakota community. The property's zoning specifically permits parks and recreation uses, ensuring a straightforward development process. With its established neighborhood setting and readily available utilities, this land parcel is poised for immediate development and offers significant long-term growth potential. The zip code for this property is 58622.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 5.81 ac (253,084 SF)
APN 38-4080-06966-080
UPID US56-0600844
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
AI Approach AI
$55k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k
Owner & transaction history
Yourk Auto LLC · 2 yrs held
Yourk Auto LLC
since 2023
Last sale
$82,500
1 recorded transaction
2023
$82,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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