Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Boundary St Mandan, ND 58554

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Boundary St Mandan, ND 58554

    View on Map
    • Land
    • 9.93 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Boundary St

    Lot size
    9.93 lot acres
    Property type
    Land

    Description

    This exceptional 9.93-acre commercial land parcel presents a remarkable development opportunity in the burgeoning Mandan, North Dakota area. Located conveniently near I-94, this property boasts excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The lot, identified as Lot A of Lot 3, Block 1, Boutrous Addition, is zoned for commercial use (verification of zoning regulations is recommended). With its expansive acreage, this site offers ample space for construction of large-scale commercial buildings, retail centers, or industrial facilities. The property's strategic location within Morton County, near the thriving city of Mandan, ensures proximity to a robust workforce and established infrastructure. The asking price for this prime development land is $865,101.60. The property's address is Boundary St NW, Mandan, ND 58554, and its Assessed Parcel Number (APN) is 65-0174200. This is a rare opportunity to acquire a significant land holding in a rapidly growing region, offering substantial potential for long-term investment and development returns. Prospective buyers are encouraged to conduct their own due diligence and verify all information to their satisfaction. This information is provided as is, without warranty or guarantee.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.911
    Latitude
    46.8458

    Comparable in this City

    • Value Estimation by Request
      5.53 Acres

      520 Old Red Trl

      Land • 5.53 Acres
      520 Old Red Trl, Mandan, ND 58554
      View Details
    • Value Estimation by Request

      2220 4Th Ave

      Land
      2220 4Th Ave, Mandan, ND 58554
      View Details
    • Value Estimation by Request

      2330 4Th Ave

      Land
      2330 4Th Ave, Mandan, ND 58554
      View Details
    • Value Estimation by Request
      292.20 Acres

      Lohstreter Rd

      Land • 292.20 Acres
      0 Lohstreter Rd, Mandan, ND 58554
      View Details
    • Value Estimation by Request

      2113 4Th Ave

      Land
      2113 4Th Ave, Mandan, ND 58554
      View Details
    • Value Estimation by Request

      825 Missouri Dr

      Land
      825 Missouri Dr, Mandan, ND 58554
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      West Mandan Development Opportunity

      Land available west of Mandan, North Dakota.
      I-94 West Mandan Ave West, Mandan, ND 58554
      View Details
    • Contact for pricing

      Development Opportunity West Mandan Area

      Land available west of Mandan, North Dakota, for development.
      West Of Sunset Dr & South of I-94, Mandan, ND 58554
      View Details
    • Contact for pricing

      Development Opportunity West of Mandan

      Land available west of Mandan, North Dakota, suitable for development.
      Lohstreter Rd, Mandan, ND 58554
      View Details
    • Contact for pricing

      Land Parcels Near Interstate 94

      Four land parcels located off Interstate 94 in Mandan.
      901 16Th St NE, Mandan, ND 58554
      View Details
    • Contact for pricing

      Development Opportunity West Mandan Area

      Land available west of Mandan for development.
      Boundary St NW, Mandan, ND 58554
      View Details
    • Contact for pricing

      Mandan Land For Sale

      Land for sale near schools and sports complex in Mandan.
      31st NW Just North Of Sunset Dr, Mandan, ND 58554
      View Details

    Similar Nearby for Lease

    • $1.39 SF/Yr

      Commercial Land Lease Opportunity

      3.56 acres of commercial land available for lease.
      2031 46Th Ave SE, Mandan, ND 58554
      View Details
    • $400 /Mo

      Historic Office Space in Mandan

      Main floor office space in historic Lewis & Clark Hotel.
      406 W Main St, Mandan, ND 58554
      View Details
    • $8 SF/Yr

      Versatile Industrial Property with Office

      Spacious industrial property featuring office space and expansive shop area.
      2909 Twin City Dr, Mandan, ND 58554
      View Details
    • Contact for pricing

      Mandan Office Space For Lease

      Office space for lease in Mandan, North Dakota.
      2500 Sunset Dr, Mandan, ND 58554
      View Details
    • $6 SF/Yr

      Updated Retail Space in Mandan

      Move-in ready retail space in downtown Mandan.
      112 2Nd Ave NW, Mandan, ND 58554
      View Details
    • $3,000 /Mo

      Mandan Commercial Space For Lease

      Versatile commercial space with high visibility on Memorial Highway.
      2812 Memorial Hwy, Mandan, ND 58554
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Boundary St
    Mandan, ND 58554
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Boundary St, Mandan, ND, 58554

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!