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Property profile & analytics
OFF-MARKET
Land

3620 Boston Dr Bismarck, ND 58504

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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