Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6Th Ave SE Dickinson, ND 58601

    Sponsored
    For Sale
    $4,950,000

    LAND - Dickinson, ND

    Lot size:
    32.50 Acres
    Days on Market:
    99
    Last Refresh:
    Jan 22 at 8:06 pm

    Property Features for 6Th Ave SE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    107003001000
    Lot size
    32.50 Acres

    We can help!

    Listing Contact
    Jon Fisher

    MR LANDMAN LLC (217) 202-0924 [email protected]

    Listing agent Jon Fisher (217) 202-0924

    Listing date Oct 16, 2025

    MLS# 12492786 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Dickinson Land Zoned Residential

    This 32.50-acre property, totaling 1,415,700 square feet, is located inside city limits and zoned R-3 High-Density Residential. The R-3 zoning uses a site-area formula that supports efficient, phased multifamily development. For townhomes and multifamily units up to 4 units, the formula is 7,000 square feet for the first unit plus 3,000 square feet for each additional unit. Beyond 4 units, the formula is 7,000 square feet plus 3,000 square feet for the next 3 units, plus 1,000 square feet per additional unit. The maximum building coverage is 70%, and typical front, side, and rear yards apply. A 2012 feasibility study concluded that this site can support approximately 525 apartments. While R-3's site-area rules could allow a higher theoretical count, real-world yield is driven by setbacks, parking ratios, utilities, stormwater management, and open-space programming. It is recommended to use approximately 525 units as the planning ceiling and size infrastructure accordingly. Phased delivery is recommended, such as 150 to 200 units per tranche, with amenities sequenced to absorption, preserving acreage for circulation, greenspace, and potential future add-ons.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dickinson
    County
    Stark
    State
    North Dakota
    Longitude
    -102.77639
    Latitude
    46.878866

    Nearby Similar for Sale

    • $35,000
      970 SF

      Updated 3-Bedroom Home

      Cozy 3-bedroom home with modern updates and energy-efficient windows.
      208 A St, Dickinson, ND 58601
      View Details
    • $65,000
      0.22 Acres

      Dickinson Land Ready For Construction

      Established location with paved lot, ready for construction and parking.
      2nd Ave West, Dickinson, ND 58601
      View Details
    • $4,500,000
      21,217 SF

      Dickinson Office Building For Sale

      Single-story office building with expansion groundwork completed in Dickinson, ND.
      3239 Highway 22 N, Dickinson, ND 58601
      View Details
    • $8,000,000
      69,514 SF

      Industrial Property with Security Features

      Industrial property featuring security fence, heated shop, and included equipment.
      3172 Nd-22, Dickinson, ND
      View Details
    • $220,000
      1.13 Acres

      Dickinson Land: 1.13 Acres

      Prime Dickinson acreage, fully fenced, great location.
      1St St, Dickinson, ND 58601
      View Details
    • $449,999
      8,280 SF

      Dickinson, ND Business Opportunity

      Large Shop, 5 Acres, Great Location
      10923 27J St, Dickinson, ND 58601
      View Details
    • $699,000
      3,172 SF

      Prime Dickinson Commercial Property

      Established Convenience Store with Inventory
      204 Main Ave, Dickinson, ND 58601
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 32.5 acre residential land parcel within city limits.
    Where is this residential land & home lot located?
    The property is located at 6Th Ave SE Dickinson, ND.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - 32.50 acres (1,415,700 sf) inside city limits, zoned R-3 High-Density Residential.; - Zoned for high-density residential development, allowing for townhomes/multifamily units.; - A 2012 feasibility study concluded the site can support approximately 525 apartments.
    (217) 202-0924
    Request Owner's contact information
    6Th Ave SE Dickinson, ND 58601
    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.
    6Th Ave SE
    Dickinson, ND 58601
    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
    6Th Ave SE Dickinson, ND 58601
    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

    We can help!
    Listing Contact
    Jon Fisher
    Real Estate License ID: 471020503
    (217) 202-0924
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.