Watford City Mixed-Use Property 10.23% Cap Rate
Mixed Use | Fully Occupied | Built in 2016 | 10.23% Cap Rate
Marketing description
Property Description
This mixed-use investment opportunity features 55 fully furnished apartment units and 7 retail suites, all 100 percent leased. The property delivers a strong 10.23% cap rate supported by consistent residential demand and stable commercial tenancy.
The apartments are well finished with granite counter tops, quality cabinetry, durable flooring, and complete furniture packages. Each unit includes an in unit washer and dryer which increases convenience and improves long term tenant retention. The asset also offers outdoor car ports, an elevator, security cameras, and a full fire suppression system with sprinklers.
Location Overview
Watford City, North Dakota sits in the center of the Bakken oil field, one of the most productive shale basins in the United States. McKenzie County consistently ranks among the highest producing oil counties in North Dakota and contributes a significant share of the state’s overall output.
The region serves as a key operations hub for exploration companies, midstream providers, drilling contractors, and oilfield service firms that support ongoing development in the Bakken.
Area Economics
Watford City continues to see strong economic performance driven by sustained oil production, high wages, and ongoing investment from major energy operators. Median household income in McKenzie County exceeds national averages and reflects the strength of energy sector employment. The city is also expanding retail, education, healthcare, and hospitality services to meet the needs of a growing resident and workforce population.
For more information and additional commercial listings, visit www.FargoCommercialRealtor.com.
Investment highlights
Property Description
This mixed-use investment opportunity features 55 fully furnished apartment units and 7 retail suites, all 100 percent leased. The property delivers a strong 10.23% cap rate supported by consistent residential demand and stable commercial tenancy.
The apartments are well finished with granite counter tops, quality cabinetry, durable flooring, and complete furniture packages. Each unit includes an in unit washer and dryer which increases convenience and improves long term tenant retention. The asset also offers outdoor car ports, an elevator, security cameras, and a full fire suppression system with sprinklers.
Location Overview
Watford City, North Dakota sits in the center of the Bakken oil field, one of the most productive shale basins in the United States. McKenzie County consistently ranks among the highest producing oil counties in North Dakota and contributes a significant share of the state’s overall output.
The region serves as a key operations hub for exploration companies, midstream providers, drilling contractors, and oilfield service firms that support ongoing development in the Bakken.
Area Economics
Watford City continues to see strong economic performance driven by sustained oil production, high wages, and ongoing investment from major energy operators. Median household income in McKenzie County exceeds national averages and reflects the strength of energy sector employment. The city is also expanding retail, education, healthcare, and hospitality services to meet the needs of a growing resident and workforce population.
For more information and additional commercial listings, visit www.FargoCommercialRealtor.com.
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