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

    4614 Fairwater Way SE Mandan, ND

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multiple shovel-ready land parcels available near Raging Rivers Waterpark.

    Type:LAND
    Lot size:
    0.87 Acres
    Added:
    Mar 27, 2025
    Days on Market:
    391
    Last Refresh:
    Apr 5 at 11:04 pm

    Property Features for 4614 Fairwater Way SE

    General Information

    Standard status
    Active
    Lot size
    0.87 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    George Yineman

    Listing agent George Yineman

    Listing office Rise Property Brokers

    Listing date Mar 27, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Rise Property Brokers

    Overview

    Land Parcels Available For Sale

    There are 19 lot parcels available for sale. The lots are shovel-ready and benefit from private streets. The property is located across the street from Raging Rivers Waterpark and within a 1-mile radius of 1,000 rooftops.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.894
    Latitude
    46.7686

    Nearby Similar for Sale

    • $475,000
      12,575 SF

      Mixed-Use Property with Build-Out Potential

      Combined property with office, retail, and build-out opportunities.
      318 & 320 W Main Street, Mandan, ND 58554
      View Details
    • $850,000
      9,600 SF

      Versatile Leased Commercial Property

      9,600 SF property with diverse units and strong location.
      803 Adobe Trail SE, Mandan, ND 58554
      View Details
    • $659,000
      2,940 SF

      Finished Office Shop Condo

      2,940 SF shop condo with finished office space.
      2041 40th Avenue Southeast, Unit B-112, Mandan, ND 58554
      View Details
    • $540,000
      4,000 SF

      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
    • $380,000
      1,794 SF

      Upscale Business & Storage Condos

      Luxury commercial condos in Mandan, designed for business and storage.
      3901 21st St Se, Mandan, ND, 58554-1391
      View Details
    • $899,000
      7,000 SF

      Gothic Church with Modern Updates

      7,000 SF church with ornate details and modern amenities.
      210 5th Avenue Northwest, Mandan, ND 58554
      View Details
    • $1,100,000
      11,800 SF

      Mandan Industrial Property For Sale

      11,800 SF industrial property with high traffic visibility.
      2812 Memorial Highway, Mandan, ND 58554
      View Details
    • $533,178

      Land with I-94 Visibility

      High-visibility land near I-94 in Mandan, North Dakota.
      501 Missouri Drive Northeast, Mandan, ND 58554
      View Details
    • $345,000

      Versatile Shop with Pull-Through Access

      Well-appointed shop with high ceilings, tandem doors, and ample parking.
      4518 56th Ave Nw, Mandan, ND, 58554
      View Details
    • $2,300,000
      17,000 SF

      Spacious Industrial Property with Office

      17,000+ sq ft industrial property with office/retail space.
      2909 Twin City Drive, Mandan, ND 58554
      View Details
    • $1,100,000
      11,056 SF

      Mandan Shop Space For Lease

      11,056 SF shop space with drive-in doors.
      2812 Memorial Hwy, Mandan, ND
      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
      View Details

    FAQs

    What type of property is this?
    Land - Multiple shovel-ready land parcels available near Raging Rivers Waterpark.
    Where is this land located?
    The property is located at 4614 Fairwater Way SE Mandan, ND.
    What is the asking price?
    The asking price for this property is $63,450.
    What are key features of this property?
    This property features: Shovel ready lots available for immediate development; Benefit from 1,000 roof tops within a 1 mile radius; (19) lot parcels available
    (701) 222-0232 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    George Yineman
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!