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    3620 Boston Dr Bismarck, ND 58504

    Sponsored
    For Sale
    $1,372,140

    Prime Bismarck residential land, 5.25 acres, 78 unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.25-acre (228,690 square foot) parcel of land is located at 3620 Boston Drive in Bismarck, North Dakota, zip code 58504. The property is zoned RM15, allowing for the development of up to 78 residential units. Situated in the desirable Paradise Valley subdivision in South Bismarck, this location offers convenient access to the Missouri River, excellent schools, shopping centers, and parks. The property is within a 10-minute drive of the University of Mary, providing a strong potential market for student housing or other residential developments. A nearby public park adds to the appeal of this location. Importantly, the lots are situated above the floodplain, mitigating flood risk. The asking price for this significant development opportunity is $1,372,140, representing a price per square foot of $6. This presents a compelling investment opportunity in a thriving Bismarck neighborhood. The property's size and zoning make it ideal for a variety of residential projects, catering to the growing demand for housing in the area.

    Property Features for 3620 Boston Dr

    General Information

    Property type
    Land

    HighLights

    • 5.25‑acre (228,690 sq ft) parcel in desirable South Bismarck's Paradise Valley subdivision.
    • Prime location with convenient access to the Missouri River, schools, shopping, and parks.
    • Less than a 10‑minute drive to the University of Mary.
    • Adjacent to a public park.
    • Elevated location above the floodplain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7861381
    Latitude
    46.7698771

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    FAQs

    What type of property is this?
    Land - Prime Bismarck residential land, 5.25 acres, 78 unit potential.
    Where is this land located?
    The property is located at 3620 Boston Dr Bismarck, ND.
    What is the asking price?
    The asking price for this property is $1,372,140.
    What are key features of this property?
    This property features: 5.25-acre (228,690 sq ft) parcel in desirable South Bismarck's Paradise Valley subdivision.; Prime location with convenient access to the Missouri River, schools, shopping, and parks.; Less than a 10-minute drive to the University of Mary.
    (701) 222-0232
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    3620 Boston Dr Bismarck, ND 58504
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    Bismarck, ND 58504
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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
    3620 Boston Dr Bismarck, ND 58504
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