Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Corner Lot For Sale Title is generated by Realmo AI

    532 E Broadway St, Dickinson, ND 58601

    View on Map
    Claim this Listing
    For Sale
    $290,000

    Commercial corner lot with high visibility and city utilities.

    Type:Land
    Lot size:
    1.00 Acre
    Added:
    Apr 23, 2025
    Days on Market:
    405
    Last Refresh:
    May 19 at 11:11 pm

    Property Features for 532 E Broadway St

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Land

    We can help!

    Listing Contact
    JoDee Foss

    Listing agent JoDee Foss

    Listing office A Better Place, LLC

    Listing date Apr 23, 2025

    Source Exprealty

    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 A Better Place, LLC

    HighLights

    • Prime commercial corner lot location on Broadway & 6th Ave SE offering high visibility and easy access.
    • Over 1 acre of flat, ready‑to‑build land suitable for commercial development.
    • City water, sewer, and electricity are available to the property.
    • Zoned Commercial, allowing for a wide range of business opportunities.
    • Curb and gutter already in place, simplifying construction.
    • Grand view to the south over Heart River, adding aesthetic appeal.

    Overview

    This commercial corner lot, spanning over an acre, is positioned on the intersection of Broadway and 6th Ave SE, offering high visibility and accessibility. The flat land provides a building site with views to the south over the Heart River. The property is zoned commercial and is equipped with city water, sewer, and electricity connections. Curb and gutter are already in place, facilitating construction. This lot is suited for the development of a new commercial building.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Department Store Bar & Pub Garden Center Bed & Breakfast Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Dickinson
    County
    Stark
    State
    North Dakota
    Longitude
    -102.9934316
    Latitude
    46.8606926

    Nearby Similar for Sale

    • $1,278,000
      14,200 SF

      High-Yield Industrial Investment Property

      Industrial property with 10% cap rate and limited landlord responsibilities.
      10863 29th P St SW Dickinson, Dickinson, ND 58601
      View Details
    • $2,500,000
      10,604 SF

      Warehouse and Shop Area ForRent

      9,720 SF warehouse and shop area with 884 SF office.
      2090 3rd Ave W, Dickinson, ND
      View Details
    • $574,100
      5,600 SF

      Former Distillery with Redevelopment Potential

      Unique property in San Leon subdivision, Dickinson, awaiting creative vision.
      341 SW 5th St, 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
      View Details
    • $6,666,267
      36,824 SF

      Renovated Retail Property For Sale

      Fully leased retail property with long-term, stable income.
      446 18th St W, Dickinson, ND 58601
      View Details
    • $795,000
      4,000 SF

      Dickinson Shop Space For Sale

      4,000 sq.ft. shop space with overhead and dock doors.
      366 26th St E, Dickinson, ND 58601
      View Details
    • $986,415

      Industrial Land Parcel For Sale

      6.47 acre industrial land parcel available for purchase.
      3230 Highway 22 N, Dickinson, ND
      View Details
    • $1,700,000

      Dickinson Industrial Site For Sale

      5-acre industrial site with five buildings for sale.
      545 28th Ave E, Dickinson, ND
      View Details
    • $1,100,000

      Commercial Land Development Opportunity

      4.28 acre commercial land in high-traffic Dickinson location.
      21st St E, Dickinson, ND 58601
      View Details
    • $399,000

      Historic Building with Office Space

      Historic building featuring office space and a residential apartment.
      28 1st Ave W, Dickinson, ND, 58601-5101
      View Details
    • $375,000

      Shop Condo with Modern Design

      Shop condo featuring modern design, ample workspace, and radiant heating.
      3818 4th Ave E, Dickinson, ND, 58601
      View Details
    • $425,000
      2,600 SF

      Holistic Wellness Center For Sale

      Thriving business with healing services and equipment in Prairie Hills Mall.
      1681 3rd W Avenue, Dickinson, ND 58601
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial corner lot with high visibility and city utilities.
    Where is this commercial land located?
    The property is located at 532 E Broadway St Dickinson, ND.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Prime commercial corner lot location on Broadway & 6th Ave SE offering high visibility and easy access.; Over 1 acre of flat, ready‑to‑build land suitable for commercial development.; City water, sewer, and electricity are available to the property.
    (701) 260-2405
    We can help!
    Listing Contact
    JoDee Foss
    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

    Thank You for Inquiry
    532 E Broadway St, Dickinson, ND 58601
    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!