Property profile

7 Lakeview Addition Hickson, ND 58047

OFF-MARKET
Land
16.38 ac lot
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Property summary

AI-generated overview

This exceptional 16.38-acre parcel presents a remarkable investment opportunity in the thriving city of Horace, North Dakota. Located in the Lakeview Addition (Lot 3, Block 7), this property is ideally situated for residential development, offering significant potential for growth and return. Currently zoned agricultural, the land is ready for development, with infrastructure conveniently located within the boulevard. A conceptual layout envisions single-family homes, capitalizing on Horace's burgeoning population, currently estimated at approximately 5,000 residents. The property's strategic location places it south of key community landmarks, including the new Saint Benedict Church, Horace Middle School, and Horace High School, ensuring convenient access to essential services and amenities. The asking price is $2,318,916, translating to a land value of $3.25 per square foot. This presents a compelling opportunity to build a thriving residential community in a rapidly expanding area of North Dakota. The property's address is Lot 3, Block 7, Lakeview Addition, Horace, ND 58047. This is a rare chance to acquire a significant land holding in a desirable location with excellent potential for future appreciation. Don't miss this chance to secure a piece of Horace's promising future.

Property profile

Verified
Property type Land
Lot 16.38 ac (713,513 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7 Lakeview Addition Hickson, ND 58047
Hickson metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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