7 Lakeview Addition, Hickson, ND 58047
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.