Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bottineau Vacant Land Opportunity Title is generated by Realmo AI

    Lot #27 Preserve Place Road, Bottineau, ND 58318

    View on Map
    Claim this Listing
    For Sale
    $40,000

    Vacant Land - Bottineau, ND

    Added:
    Mar 18, 2024
    Days on Market:
    810
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for Lot #27 Preserve Place Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    600

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joe Bender

    Listing agent Joe Bender

    Listing office Four Seasons Realty 120 11TH STREET W, Bottinesu, ND

    Listing date Mar 18, 2024

    MLS# 11260404 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 125 x 140 lot size.
    • Zoned for multi‑family or R2 (Residential) use, offering flexibility.
    • City water and city sewer hookups available.
    • Paved with curb and gutter.
    • Excellent investment opportunity.
    • Suitable for building a new home or townhouse.

    Overview

    This is an opportunity to own a large lot in the Preserve at Bottineau, located on the south side of the subdivision. This is lot #27, measuring 125 x 140. Zoned by the city as multi-family or R2 (Residential), this lot presents an investment opportunity or a site to build a new home or townhouse. The Preserve at Bottineau features paved streets with curb and gutter, and has city water and city sewer hookups.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bottineau
    County
    Bottineau
    State
    North Dakota
    Longitude
    -100.46077
    Latitude
    48.823626

    Nearby Similar for Sale

    • $350,000
      975 SF

      Main Street Commercial Business Opportunity

      Established floral business with high traffic location in Bottineau, ND.
      513 MAIN ST, BOTTINEAU, ND 58318
      View Details
    • $399,900

      153 Acres of Farmland

      153 acres of farmland southwest of Bottineau, North Dakota.
      County Road 47, Bottineau, ND 58318
      View Details
    • $249,000

      Lake Metigoshe Oversized Prime Lot

      Dream retreat with lake views, camper pad, and rental income.
      178 Twin Oaks Dr lot: Lake Metigoshe, Bottineau, ND 58318
      View Details
    • $960,000

      Turtle Mountain Vacant Land Opportunity

      120 acres in the Turtle Mountains with hunting cabin.
      S1/2 SW1/4 8-162-74 & NW1/4 SW1/4 8-162-74, Bottineau, ND 58318
      View Details
    • $500,000

      Lake Metigoshe Vacant Land For Sale

      Lakefront lot with utilities and storage on Lake Metigoshe.
      178 Castleman Lane Lot 6, Bottineau, ND 58318
      View Details
    • $129,000

      Boundary Lake Waterfront Land

      Lake lot with 108 feet of shoreline.
      3 Boundary Lake, Bottineau, ND 58318
      View Details
    • $49,900

      5-Acre Vacant Land Parcel

      5 acres near Bottineau, ND, ideal for various uses.
      100th St. Northeast, Bottineau, ND 58318
      View Details
    • $1,300,000
      43,000 SF

      Turtle Mountains Multi-Unit Opportunity

      43,000 sq ft building on 16 acres near Bottineau, ND.
      10307 Sjule Road, Bottineau, ND 58318
      View Details
    • $49,900

      Spacious Lot Near Lake Metigoshe

      Large, treed lot in Bottineau, ND, near Lake Metigoshe.
      554 Birchwood Heights, Bottineau, ND 58318
      View Details
    • $99,900

      5-Acre Lot Near Bottineau

      5-acre lot with highway frontage, fenced area, storage containers.
      Highway 5 West, Bottineau, ND 58318
      View Details
    • $79,900

      Bottineau, ND Vacant Land

      Five city lots available in Bottineau, North Dakota.
      6-10 Pine Street, Bottineau, ND 58318
      View Details
    • $59,900

      Wooded Lot Near Golf Course

      0.34 acre wooded lot suitable for RV or home.
      Lot 17 Birchwood Heights 2nd Addition, Bottineau, ND 58318
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large lot in Bottineau's Preserve, suitable for multi-family or residential.
    Where is this residential land & home lot located?
    The property is located at Lot #27 Preserve Place Road Bottineau, ND.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Large 125 x 140 lot size.; Zoned for multi‑family or R2 (Residential) use, offering flexibility.; City water and city sewer hookups available.
    (701) 228-5884
    We can help!
    Listing Contact
    Joe Bender
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot #27 Preserve Place Road, Bottineau, ND 58318
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!