3620 Boston Dr Bismarck, ND 58504
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.