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

    3402 Rutland Dr Bismarck, ND 58504

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

    Prime Bismarck commercial land, ideal development opportunity.

    Property Features for 3402 Rutland Dr

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Adam Geiger
    Adam Geiger

    Listing Agency: Rise Property Brokers, Inc. Listing Agent: Adam Geiger

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 7.48-acre (325,828.8 square feet) commercial land parcel presents a unique investment opportunity in Bismarck, North Dakota. Located in the desirable Paradise Valley subdivision in South Bismarck, this property boasts a prime location with convenient access to key amenities. The CG zoning allows for a variety of commercial development possibilities, making it suitable for a wide range of businesses. Its proximity to the Missouri River, the University of Mary, and Kirkwood Mall provides excellent visibility and accessibility. Paradise Valley is a rapidly developing area known for its convenient access to schools, shopping centers, and parks, ensuring a strong potential for future growth and high return on investment. The land is priced at $13.00 to $15.00 per square foot, offering a competitive entry point into this thriving market. This property is situated at 3402 Rutland Drive, Bismarck, ND 58504, in Burleigh County. The location offers a blend of natural beauty and urban convenience, making it an attractive proposition for developers seeking a strategic location for their next project. Don't miss this chance to acquire a significant piece of Bismarck's burgeoning commercial landscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Kitchen & Bath Showroom Grocery & Convenience Store Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7927295
    Latitude
    46.7666117

    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
    • $306,000

      Airway Project Shop Condominiums

      Condo shop units with fenced storage in south Bismarck.
      3212 Airway Ave, Bismarck, ND 58504
      View Details
    • $291,720
      2,040 SF

      Bismarck Commercial Condo Shop Units

      Spacious Bismarck condos, ideal for business or personal use.
      3204 Airway Ave, Bismarck, ND 58504
      View Details
    • $5,000,000
      23,020 SF

      Bismarck Class A Office Building

      23,020 SF, $5M, Prime Location
      812 Burlington Dr, Bismarck, ND 58504
      View Details
    • $7,900,000
      198,360 SF

      Bismarck Industrial Warehouse

      Large Distribution Center, Refrigerated Space
      707 Airport Rd, Bismarck, ND 58504
      View Details
    • $295,800
      2,040 SF

      Bismarck Commercial Condo - Airway Ave

      Spacious Shop Condo, Bismarck, ND. Ideal for business or personal use.
      3212 Airway Ave, Bismarck, ND 58504
      View Details
    • $1,900,000
      26,936 SF

      City Center Plaza: Bismarck Office Building

      Downtown Bismarck Office Building - Value-Add Opportunity
      418 Broadway Ave, Bismarck, ND 58501
      View Details
    • $282,000
      2,000 SF

      Bismarck Industrial Condo - $282K

      2,000 sq ft Warehouse Condo, Great Location
      1409 Lockheed Dr 16, Bismarck, ND 58504
      View Details
    • $4,950,000
      29,064 SF

      Bismarck Mixed-Use Complex

      Downtown Bismarck, 8-unit building
      510 Main Ave, Bismarck, ND 58501
      View Details
    • $730,000
      4,365 SF

      Bismarck Nine-Plex Investment Opportunity

      Nine-plex, 4 two-bed, 5 studio apartments.
      501 Memorial Hwy, Bismarck, ND 58504
      View Details
    • Contact for pricing

      Turnkey Automotive Service & Sales

      Established automotive service and sales enterprise with real estate included.
      1409 Lockheed Dr, Bismarck, ND 58504
      View Details
    • $299,000
      2,100 SF

      Bismarck Shop Space For Sale

      2,100 SF shop space in North Bismarck, near I-94.
      3307 Hamilton St, Bismarck, ND 58503
      View Details

    FAQs

    What type of property is this?
    Land - Prime Bismarck commercial land, ideal development opportunity.
    Where is this land located?
    The property is located at 3402 Rutland Dr Bismarck, ND.
    What are key features of this property?
    This property features: Prime South Bismarck location near Missouri River, University of Mary, and Kirkwood Mall.; Paradise Valley offers convenient access to top-rated schools, shopping, and parks.;
    (701) 222-0232 Call to check price and availability
    Request Owner's contact information
    3402 Rutland Dr Bismarck, ND 58504
    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.
    3402 Rutland Dr
    Bismarck, ND 58504
    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
    3402 Rutland Dr Bismarck, ND 58504
    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 Adam Geiger
    Adam Geiger
    Real Estate License ID: 10233
    (701) 222-0232 (701) 425-9427
    Learn more
    Google sign-in failed. Please try again or use another login method.