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

    3207 Greensboro Dr Bismarck, ND

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

    Commercial land in a rapidly developing mixed-use retail center.

    Type:LAND
    Property size:
    46,184 SF
    Lot size:
    1.06 Acres
    Added:
    Jun 7, 2024
    Days on Market:
    683
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 3207 Greensboro Dr

    General Information

    Standard status
    Active
    Size
    46,184 SF
    Lot size
    1.06 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Kristyn Steckler

    Listing agent Kristyn Steckler

    Listing office The CRA Group

    Listing date Jun 7, 2024

    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 The CRA Group

    Overview

    Commercial Development Land in Bismarck

    Commercial development land is available in the East Bismarck growth area, situated north of Exit 161. The development is anchored by a national grocery store, a large local liquor store, professional services, restaurants, banks, and a gas station-store. This mixed-use retail center encompasses 40 acres in Phase I. The location benefits from strong demographics, excellent traffic counts, and close proximity to Legacy High School and Sunrise Elementary School. It is located in a rapidly developing commercial hub and residential growth area. The property size is 46,184 square feet.
    Property Profile Insight Report 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 Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.726
    Latitude
    46.8404

    Nearby Similar for Sale

    • $920,000
      8,146 SF

      Versatile Commercial Space in Bismarck

      Flexible 8,146 sq ft commercial space for sale.
      1100 Basin Ave, Bismarck, ND 58504
      View Details
    • $660,000
      4,000 SF

      Bismarck Industrial Property with Tenant

      4,000 SF industrial property with high-end office and shop space.
      2906 Morrison Ave Unit 1, Bismarck, ND 58504
      View Details
    • $599,000
      5,517 SF

      Spacious Office Condo in Bismarck

      5,517 SF office condo with high-end finishes and prime location.
      931 S 9th St, Unit 201, Bismarck, ND 58504
      View Details
    • $264,900

      Waterfront Lot in Southbay Addition

      Over 1/2 acre waterfront lot in Bismarck's Southbay addition.
      3821 Neptune Circle, Bismarck, ND 58504
      View Details
    • $1,250,000
      9,920 SF

      Functional Flex Space with Modern Amenities

      9,920 SF property with shop and office space.
      1414 Industrial Dr Ste B, Bismarck, ND 58501
      View Details
    • $1,100,000
      13,063 SF

      Historic Gem with Showroom

      Three-story commercial property with showroom and repair department.
      223 E Main Ave, Bismarck, ND 58501
      View Details
    • $1,890,000
      12,000 SF

      Bismarck Investment Shop Condos

      Fully leased commercial property near Walmart and Sam's Club.
      2908 Morrison Avenue, Bismarck, ND 58501
      View Details
    • $979,900
      3,880 SF

      Versatile Office/Medical Building For Sale

      3,880 SF building ideal for office or medical use.
      421 N 4th St, Bismarck, ND 58501
      View Details
    • $450,000

      Bismarck Restaurant Opportunity For Sale

      Restaurant property in Bismarck with high visibility and equipped kitchen.
      108 N Mandan Street, Bismarck, ND 58501
      View Details
    • $775,000
      4,362 SF

      Versatile Building in Bismarck Area

      4,362 SF building suitable for office or retail use.
      233 W Broadway Ave, Bismarck, ND 58501
      View Details
    • $11,400,000
      64,286 SF

      High-Visibility Commercial Building For Sale

      Landmark building on high-traffic corner with existing leases.
      1237 W Divide Ave, Bismarck, ND 58501
      View Details
    • $1,450,000
      9,990 SF

      Auto Restoration Business For Sale

      Profitable auto restoration business with real estate and equipment included.
      229 S 22nd St, Bismarck, ND 58504
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in a rapidly developing mixed-use retail center.
    Where is this commercial land located?
    The property is located at 3207 Greensboro Dr Bismarck, ND.
    What is the asking price?
    The asking price for this property is $461,840.
    What are key features of this property?
    This property features: Anchored by Family Fare and other established businesses.; Located in a rapidly developing commercial and residential growth area.; Excellent traffic counts.
    (701) 400-5373 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kristyn Steckler
    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!