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    OFF-MARKET
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    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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