Watford City, ND High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Watford City, North Dakota Market population: 6K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Watford City ND Properties: 0.8500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Watford City ND
Common questions from investors exploring commercial real estate in Watford City ND.
What's the overall investment potential of Watford City, ND?
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With a median household income of $83,419 and a relatively low poverty rate of 6.5%, Watford City presents a stable investment market, further supported by its high health insurance coverage rate of 96.1% and a strong employment base in industries like Mining, Quarrying, Oil, & Gas Extraction, and Healthcare & Social Assistance.
How does the city's demographic diversity impact rental demand?
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The city's ethnic diversity, with a majority of White (92.1%) residents, followed by American Indian (3.5%) and Hispanic (2.4%) populations, combined with a foreign-born rate of 3.4%, suggests a relatively homogeneous market, but the presence of top industries like Retail Trade and Accommodation & Food Services indicates a potential for diverse rental demand, especially considering the average commute time of 24.4 minutes and high workforce mobility.
What are the key factors influencing property values in Watford City?
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The median property value of $263,400, coupled with a median property tax of $2,241 and a homeownership rate of 67.2%, indicates a relatively stable and affordable housing market, which is further reinforced by the city's low poverty rate of 6.5% and high health insurance coverage rate of 96.1%, suggesting a market with reliable and financially stable residents.
How does the commute and transportation infrastructure affect the quality of life for residents and, by extension, property investment?
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The average commute time of 24.4 minutes, with top commute methods being driving alone, carpooling, and working from home, suggests a convenient and flexible transportation infrastructure, which, combined with the city's low poverty rate and high health insurance coverage, contributes to a high quality of life for residents, making it an attractive location for potential renters and thus a viable investment opportunity.
What role does income inequality and the economic sector play in assessing investment risk in Watford City?
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The GINI coefficient of 0.423 indicates a moderate level of income inequality, but the strong median household income of $83,419 and the diverse top industries, including Mining, Quarrying, Oil, & Gas Extraction, and Healthcare & Social Assistance, suggest a resilient economy, which, when considered alongside the low poverty rate of 6.5% and the high employment rate, presents a favorable investment environment with manageable risk.
Watford City ND Real Estate & City Facts
Key facts and real estate information about Watford City ND.
What are some of the best neighborhoods to live in Watford City?
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Some of the best neighborhoods to live in Watford City include areas with lower crime rates and higher quality of life, such as those near the Theodore Roosevelt National Park North Unit. However, it's worth noting that the quality of neighborhoods can vary greatly within the city.
What are some fun things to do in Watford City?
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There are plenty of fun things to do in Watford City, such as visiting the McKenzie County Heritage Museum, exploring the Little Missouri National Grasslands, and taking a scenic drive through the Theodore Roosevelt National Park North Unit. You can also check out the local events and attractions listed on the Visit Watford City website.
What is the food scene like in Watford City?
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The food scene in Watford City is growing, with a variety of restaurants and cafes to choose from, such as the Smiling Moose Rocky Mountain Deli and Slow Ride. There are also plenty of great food trucks and local eateries to try, and you can find more information about the city's culinary scene on the North Dakota Tourism website.
What are the pros and cons of living in Watford City?
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The pros of living in Watford City include its natural beauty, outdoor recreational opportunities, and growing economy. However, some cons include the city's remote location, limited job opportunities in certain industries, and variable quality of neighborhoods. Ultimately, whether Watford City is a good fit for you will depend on your individual priorities and preferences.
Is Watford City a good place to live?
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Watford City can be a great place to live for those who value its unique blend of natural beauty, outdoor recreation, and small-town charm. While it may not be the best fit for everyone, the city has a lot to offer, from its scenic landscapes to its growing food scene and community events. As with any city, it's worth weighing the pros and cons and doing your own research to decide if Watford City is right for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Watford City ND Commercial Property: $83,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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