Financial
Distress signals
Property profile

510 1st E St Horace, ND 58047

OFF-MARKET
Commercial real estate
Property ID
US56-0067647
8,825 SF 0.2 ac lot Built 2012
Last sale Aug 2015 · $4,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional commercial property, located at 510 1st St E in Horace, North Dakota, offers a unique opportunity to lease flexible office and warehouse space. The property consists of two separate units, ideal for a variety of businesses. Unit 2, measuring 1,730 square feet, features two 10' x 10' overhead doors and will be available for lease on October 15, 2024. Unit 3, encompassing 2,400 square feet, includes one 12' x 12' overhead door and will be ready for occupancy on November 1,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$397k
Assessed land$65k
Assessed improvement$332k
Effective rate2.99%

Value estimate

· Sep 2026
$365k
$329k – $402k
Submarket $/SF estimate$809k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$130/SF
County average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$61 – $192

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCASS

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.9
Dental Office10.0
HVAC Service9.8

Location

510 1st E St Horace, ND 58047-4531
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
701 Pr, Horace, ND 58047-5510 $382,500 Jun 2025 No data
4248 168th SE, Horace, ND 58047-5721 $1,650,000 May 2025 7,200 SF
7510 66th S, Horace, ND 58047-9794 $950,000 Sep 2023 3,840 SF
9920 Industrial, Horace, ND 58047-9605 $720,000 Dec 2022 7,200 SF
7006 81st S, Horace, ND 58047-9789 $690,000 Jun 2020 3,200 SF
6525 100th S, Horace, ND 58047-9783 $154,876 Oct 2019 9,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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