For Sale
$1,000,000

301 Gumbo Loop Oakdale, ND 58640

8,720 SF Multi-Use Property, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional commercial property in Killdeer, North Dakota, presents a unique investment opportunity. The 8,720-square-foot building encompasses a versatile shop with three 16-foot overhead doors, ideal for various industrial or commercial uses, and a five-office space with two conference rooms. Three on-site apartments provide additional income potential or housing for staff. Complementing the commercial space is a well-maintained 19-pad RV park, perfectly positioned to serve the thriving energy sector in the Williston Basin. Built in 1980, this Class B property boasts a current occupancy of 20%, projected to increase. The asking price is $1,000,000, representing a compelling $114.68 per square foot and a projected 11.06% capitalization rate based on a Net Operating Income (NOI) of $110,600. Projected expenses include $16,175 for heat, $1,620 for water, sewer, and gas, $4,800 for snow removal, $5,790 for property taxes, and $6,600 for insurance. The property's location in Dunn County, within the dynamic Williston Basin, offers significant growth potential due to the region's robust oil and gas production. Seller financing may be available for qualified buyers. The property's address is 301 Gumbo Loop, Killdeer, ND 58640. APN: 10-8204-023.

Highlights

  • 8,720 SF building with 3, 16-foot overhead doors, 5 offices, and 2 conference rooms.
  • 19-pad RV park.
  • Three on-site apartments.
  • $1,000,000 asking price; $114.68/SF; projected 11.06% cap rate.
  • Projected annual expenses: $35,000.
  • Seller financing may be available.

Property Details for 301 Gumbo Loop

Property type
Specialty properties, Mobile home & RV parks
Square Feet
8,720 SF
Class
B
Year Built
1980
Buildings
1
Units
23

Location Insight

City
Oakdale
County
Dunn
State
North Dakota
Latitude
47.4711913
Longitude
-102.8969492

FAQs

What type of property is this?
Specialty property - 8,720 SF Multi-Use Property, High ROI
Where is the specialty property located?
The property is located at 301 Gumbo Loop Oakdale, ND.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 8,720 SF building with 3, 16-foot overhead doors, 5 offices, and 2 conference rooms.; 19-pad RV park.; Three on-site apartments.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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301 Gumbo Loop
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