Drake, ND 58736

  • Commercial real estate
  • 1.13 AC
Off market
$11,321,290 Estimated

Property Details

Lot size
1.13 AC
Property type
Commercial real estate
APN
57000711917004
APU
57000711917004

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,256,600
    6.5%
    $9,467,590
    7%
    $8,791,340
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,512,340
    Geo Method
    $2,512,340
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $18,696,200
    Retail / Commercial
    $9,576,230
    Mixed-Use / Specialty
    $9,533,340
    Hospitality / Lodging
    $6,982,920
    Office
    $9,467,590
    Institutional / Educational
    $9,907,700
    Residential Income
    $11,592,000
    Multifamily
    $13,951,300
    Automotive / Energy
    $8,492,320
    Parking / Income-Based Land
    $2,939,240
    Restaurant / Food Service
    $4,939,690
    Healthcare / Senior Housing
    $9,785,230

Location Insight

City
Drake
County
Mchenry
State
North Dakota
Latitude
47.9212
Longitude
-100.367
CBSA code
33500
CBSA name
MINOT, ND MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$120
$1,000
$4,400
$5,400
-
$2,000
$8,800
$10,800

FAQs

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Please email our support team at [email protected] and they will add the team member.
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