Add Listing
    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

    101 Old Red Trl Mandan, ND 58554

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.3-acre commercial site with development potential in growing corridor.

    Lot size:
    187,308.00 Acres

    Property Features for 101 Old Red Trl

    General Information

    Standard status
    Active
    Zoning
    CB - Commercial
    Lot size
    187,308.00 Acres

    We can help!

    Listing Contact
    Charles Reichert
    Charles Reichert
    Source: Crexi

    Listing Agency: Aspen Group LLP Listing Agent: Charles Reichert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    High-Visibility Commercial Site in Mandan

    This 4.3-acre commercial site is positioned on a high-visibility corner in northwest Mandan, offering exceptional exposure along Interstate 94. It is located in the heart of one of Mandan’s fastest-growing corridors. The property includes an existing 5,438 SF building and is zoned CB – Commercial, allowing for a wide range of commercial and retail uses. The location benefits from strong daily traffic counts and excellent accessibility, surrounded by major traffic drivers including the Starion Sports Complex, Walmart, and the new Mandan High School. The expansive lot provides ample room for future retail or commercial development, making it an ideal opportunity for investors, developers, or owner-users seeking a strategic presence in NW Mandan.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.8945351
    Latitude
    46.8425309

    Nearby Similar for Sale

    • $475,000

      Mixed-Use Property with Build-Out Potential

      Combined property with office, retail, and build-out opportunities.
      318 W Main St, Mandan, ND 58554
      View Details
    • $850,000

      Versatile Leased Commercial Property

      9,600 SF property with diverse units and strong location.
      803 Adobe Trl SE, Mandan, ND 58554
      View Details
    • $380,000

      Upscale Business & Storage Condos

      Luxury commercial condos in Mandan, designed for business and storage.
      3901 21St St Se, Mandan, ND 58554
      View Details
    • $659,000

      Finished Office Shop Condo

      2,940 SF shop condo with finished office space.
      2041 40Th Ave Southeast, Mandan, ND 58554
      View Details
    • $540,000

      Versatile Commercial Building on Memorial Highway

      4,000 SF building suitable for industrial, commercial, or retail use.
      2812 Memorial Hwy, Mandan, ND 58554
      View Details
    • $899,000

      Gothic Church with Modern Updates

      7,000 SF church with ornate details and modern amenities.
      210 5Th Ave Northwest, Mandan, ND 58554
      View Details
    • $2,300,000

      Spacious Industrial Property with Office

      17,000+ sq ft industrial property with office/retail space.
      2909 Twin City Dr, Mandan, ND 58554
      View Details
    • $1,100,000

      Mandan Industrial Property For Sale

      11,800 SF industrial property with high traffic visibility.
      2812 Memorial Hwy, Mandan, ND 58554
      View Details
    • $1,100,000
      11,800 SF

      Mandan Shop Space For Lease

      11,056 SF shop space with drive-in doors.
      2812 Memorial Hwy, Mandan, ND 58554
      View Details
    • Contact for pricing
      4,412 SF

      Turn-Key Salon Investment Opportunity

      Fully occupied salon with real estate for sale in Mandan.
      40th 40Th Ave SE, Mandan, ND 58554
      View Details
    • $850,000
      9,600 SF

      Fully Leased Flex/Industrial/Office Building

      9,600 SF fully leased building on a 16,375 SF lot.
      805 Adobe Trl, Mandan, ND 58554
      View Details
    • Contact for pricing

      Versatile Shop with Pull-Through Access

      Well-appointed shop with high ceilings, tandem doors, and ample parking.
      4518 56 Ave Nw, Mandan, ND 58554
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.3-acre commercial site with development potential in growing corridor.
    Where is this commercial land located?
    The property is located at 101 Old Red Trl Mandan, ND.
    What are key features of this property?
    This property features: - High-visibility corner location on Interstate 94.; - Located in Mandan's fastest-growing corridor.; - Zoned CB – Commercial, allowing for a wide range of uses.
    Request Owner's contact information
    101 Old Red Trl Mandan, ND 58554
    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.
    101 Old Red Trl
    Mandan, ND 58554
    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
    101 Old Red Trl Mandan, ND 58554
    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
    Charles Reichert
    Charles Reichert
    Real Estate License ID: 11466
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!