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

    520 Old Red Trl Mandan, ND 58554

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Commercial Land, High Visibility, I-94 Access

    Property Features for 520 Old Red Trl

    General Information

    Property type
    Land
    Lot Size
    240,887 SF

    We can help!

    Listing Contact
    Patrick Maddock
    Patrick Maddock

    Listing Agency: Oaktree Realtors Listing Agent: Patrick Maddock

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 5.53-acre commercial land parcel in Mandan, North Dakota, presents a remarkable investment opportunity. Located at 520 Old Red Trail (APN 65-6140050), this property boasts 561 feet of frontage along Old Red Trail, ensuring excellent visibility and accessibility. The land comprises three contiguous lots, offering flexibility for development. Its strategic location places it adjacent to the new Mandan High School to the north and a Subaru dealership to the west, and just three blocks from the Mandan Walmart. The south-facing exposure maximizes sunlight and visibility from Interstate 94, a major transportation artery. The property is zoned CC-Commercial District with restrictions (no self-storage or multi-use shops). Utilities are readily available, with power on-site and water and sewer connections accessible. Potential buyers are responsible for verifying available utilities, easements, pending special assessments, taxes, any Mandan City Development Agreements, and zoning regulations. The asking price for this highly desirable commercial land is $2,408,860. This is a rare opportunity to acquire a significant commercial property in a rapidly growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.885749
    Latitude
    46.8435763

    Nearby Similar for Sale

    • Contact for pricing

      Well-Maintained Commercial Property in Lakewood

      900 sq ft light commercial property in a thriving Mandan location.
      2041 40Th Ave Se, 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
    • Contact for pricing

      Lakewood Shop Condo For Sale

      Versatile 1750 sqft shop condo in Lakewood Centre Association.
      3958 21St St Se, Mandan, ND 58554
      View Details
    • $265,000

      Mandan Commercial Building with Apartments

      Commercial building with medical practice space and two apartments.
      104 W Main St, 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
    • Contact for pricing
      12,575 SF

      Mixed-Use Property on Main Street

      Mixed-use property featuring office, retail, and apartment spaces.
      318-320 W Main St, Mandan, ND 58554
      View Details
    • $329,900
      1,750 SF

      Mandan Shop Condo: Prime Location

      Versatile 1750 sq ft shop condo, move-in ready.
      3958 21St St, Mandan, ND 58554
      View Details
    • $450,000
      1.18 Acres

      Mandan Commercial Lot - Prime Location

      1.18-Acre Lot, High Traffic Area, $450,000
      2580 Overlook Ln, Mandan, ND 58554
      View Details
    • $225,000
      1,500 SF

      North Mandan Shop Condo - $225K

      1,500 sq ft Mixed-Use Condo, Ready April 2024
      4301 30Th Ave, Mandan, ND 58554
      View Details
    • $1,650,000
      176,418 SF

      Mandan Industrial Warehouse Investment

      176,418 SF Warehouse, Manufacturing
      2107 37Th St, Mandan, ND 58554
      View Details
    • $1,490,000

      Mandan Industrial Property with Storage

      Industrial property featuring heated shops and cold storage units.
      2107 37Th St, Mandan, ND 58554
      View Details
    • Contact for pricing
      17,877 SF

      Mandan Warehouse with Office Space

      Warehouse with 3,100 SF office, corner lot, distribution access.
      2909 Twin City Dr, Mandan, ND 58554
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility, I-94 Access
    Where is this land located?
    The property is located at 520 Old Red Trl Mandan, ND.
    What is the asking price?
    The asking price for this property is $2,408,860.
    What are key features of this property?
    This property features: $2,408,860 asking price; 5.53-acre commercial land parcel; Located at 520 Old Red Trail, Mandan, ND 58554 (APN 65-6140050)
    (701) 223-7422 Call to check price and availability
    Request Owner's contact information
    520 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.
    520 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
    520 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick Maddock
    Patrick Maddock
    Real Estate License ID: 1805
    (701) 223-7422
    Learn more
    Google sign-in failed. Please try again or use another login method.