8116 61St StStanley, ND 58784

Property Details for 8116 61St St

Lot size

3.82 AC

Property type

Commercial real estate

APN

61-0053574

APU

610053574

Description

This exceptional 6.65-acre parcel of land presents a unique opportunity for industrial or commercial development in Stanley, North Dakota. Located in Mountrail County, this property boasts convenient access, situated south of Highway 2 and east of the Stanley Airport, ensuring excellent visibility and transportation links. The land is zoned for industrial use, providing flexibility for a wide range of projects. Existing infrastructure includes city water and sewer connections, simplifying the development process and reducing upfront costs. The property also features a gravel yard, adding further value and utility. The parcel's size offers ample space for construction of a substantial building or complex, making it ideal for businesses requiring significant land area. The property's location in a growing area of North Dakota offers strong potential for future appreciation. The Assessed Parcel Number (APN) is 610053573. This is a prime opportunity to acquire a strategically located and well-equipped industrial land parcel ready for immediate development. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $45,057,800

  6.5%

  $41,591,800

  7%

  $38,620,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $43,694,400

  Geo Method

  $13,747,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $80,616,300

  Retail / Commercial

  $41,587,900

  Mixed-Use / Specialty

  $41,635,300

  Hospitality / Lodging

  $30,801,300

  Office

  $41,591,800

  Institutional / Educational

  $43,353,900

  Residential Income

  $50,724,000

  Multifamily

  $59,750,900

  Automotive / Energy

  $37,160,500

  Parking / Income-Based Land

  $12,630,300

  Restaurant / Food Service

  $22,072,500

  Healthcare / Senior Housing

  $42,495,600

Location Insight

City

Stanley

County

Mountrail

State

North Dakota

Latitude

48.301

Longitude

-102.379

Property Tax & Assessments

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