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    23 Nd Parshall, ND 58770

    For Sale
    $625,000

    14 Acres Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 14.24-acre parcel presents a remarkable mixed-use development opportunity in Parshall, North Dakota. Strategically located at the intersection of ND Highway 37 and ND Highway 23, this property boasts unparalleled visibility and accessibility. Zoned A-Agricultural, the land offers flexibility for a variety of commercial ventures. Existing utilities are conveniently installed along Highway 37 extending to Highway 23, simplifying infrastructure development. The property's prime location in the heart of the Bakken region provides easy access to a robust and growing population. Situated just one hour southwest of Minot and a convenient 40-minute drive from Highway 83, this location offers significant advantages for businesses seeking to capitalize on the area's economic activity. The asking price is $625,000, with a land value of $1.01 per square foot. The property's APN is 58-0059700, and it's situated in Mountrail County, zip code 58770. This is an exceptional investment opportunity for developers seeking a high-visibility location with established infrastructure in a thriving region. The property's size and zoning provide ample room for creative development plans, making it an ideal location for a variety of commercial uses.

    Property Features for 23 Nd

    General Information

    Property type
    Farms
    Lot Size
    620,294 SF

    HighLights

    • $625,000 asking price for 14.24 acres of land.
    • A‑Agricultural zoning allows for mixed‑use development.
    • Utilities are available along Hwy 37 to Hwy 23.
    • High‑visibility location at the intersection of two state highways.
    • Prime Bakken location in Parshall, ND; one hour southwest of Minot and 40 minutes from Hwy 83.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Parshall
    County
    Mountrail county
    State
    North Dakota
    Longitude
    -102.1287713
    Latitude
    47.9778871

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    FAQs

    What type of property is this?
    Farm - 14 Acres Mixed-Use Potential
    Where is this farm located?
    The property is located at 23 Nd Parshall, ND.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: $625,000 asking price for 14.24 acres of land.; A-Agricultural zoning allows for mixed-use development.; Utilities are available along Hwy 37 to Hwy 23.
    Request Owner's contact information
    23 Nd Parshall, ND 58770
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    23 Nd
    Parshall, ND 58770
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    Realmo Value Estimation

    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.

    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.

    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
    23 Nd Parshall, ND 58770
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