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    Property profile & analytics

    1504 23Rd St Jamestown, ND 58401

    • Commercial real estate
    • 10.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0727176
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1504 23Rd St

    Lot size
    10.00 lot acres
    Property type
    Commercial real estate
    APN
    743173000, 743174000

    Description

    Two adjacent commercial land parcels totaling 35.74 acres are available for sale in Jamestown, North Dakota. The properties, located at 1504 and 1501 23rd St SW, boast excellent visibility on I-94, with an average daily traffic count of 8,505 vehicles. The combined asking price is $1,875,000, with individual parcel pricing of $985,000 for the 10.36-acre lot at 1504 23rd St SW and $890,000 for the 25.38-acre lot at 1501 23rd St SW. Both parcels are zoned C2 – General Commercial, offering a wide range of development possibilities. This prime location offers exceptional proximity to major retailers including Menards, Walmart, Buffalo Marketplace, Home of Economy, TJ Maxx, Tractor Supply, and the Jamestown Regional Medical Center. Furthermore, the property's adjacency to the new 110,000 square foot Anne Carlson Center provides additional development potential and synergy. APN numbers are 743173000 and 743174000. This presents a unique opportunity for investors and developers seeking high-visibility commercial land in a thriving North Dakota community. The zip code is 58401.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Stutsman
    State
    North Dakota
    Longitude
    -98.732105485021
    Latitude
    46.887805512181

    Comparable in this City

    • $900,000
      21.76 Acres

      Jamestown Development Land Opportunity

      21.76 Acres, C-2 Zoning, High Growth Potential
      1902 13Th St, Jamestown, ND 58401
      View Details
    • $1,800,000
      13.24 Acres

      Jamestown Development Land Opportunity

      Prime Commercial Land, I-94 Access
      256 Us-281, Jamestown, ND 58401
      View Details
    • Contact for pricing

      Visible Commercial Land Near I-94

      Commercial land with high visibility near retail and medical facilities.
      1501 23Rd St SW, Jamestown, ND 58401
      View Details
    • $1,800,000

      Commercial Land Near Interstate 94

      Commercial land near Interstate 94 and Jamestown Regional Hospital.
      3574 81St Ave SE, Jamestown, ND 58401
      View Details
    • $900,000

      Commercial Land Near Jamestown Amenities

      Commercial land near schools, activity center, university, and airport.
      2104 13Th St NE, Jamestown, ND 58401
      View Details
    • Contact for pricing

      35.74 Acres Commercial Land

      35.74 acres of commercial land with I-94 visibility.
      1504 23Rd St SW, Jamestown, ND 58401
      View Details

    Similar Nearby for Sale

    • $900,000
      21.76 Acres

      Jamestown Development Land Opportunity

      21.76 Acres, C-2 Zoning, High Growth Potential
      1902 13Th St, Jamestown, ND 58401
      View Details
    • $1,800,000
      13.24 Acres

      Jamestown Development Land Opportunity

      Prime Commercial Land, I-94 Access
      256 Us-281, Jamestown, ND 58401
      View Details
    • Contact for pricing

      Visible Commercial Land Near I-94

      Commercial land with high visibility near retail and medical facilities.
      1501 23Rd St SW, Jamestown, ND 58401
      View Details
    • $1,800,000

      Commercial Land Near Interstate 94

      Commercial land near Interstate 94 and Jamestown Regional Hospital.
      3574 81St Ave SE, Jamestown, ND 58401
      View Details
    • $900,000

      Commercial Land Near Jamestown Amenities

      Commercial land near schools, activity center, university, and airport.
      2104 13Th St NE, Jamestown, ND 58401
      View Details
    • Contact for pricing

      35.74 Acres Commercial Land

      35.74 acres of commercial land with I-94 visibility.
      1504 23Rd St SW, Jamestown, ND 58401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,116 SF

      Buffalo Marketplace: Jamestown Retail Center

      Prime Jamestown retail space, fully vacant, multiple units.
      2400 8Th Ave, Jamestown, ND 58401
      View Details
    • $11 SF/Yr
      9,999 SF

      Jamestown Retail Space - Walmart Pad Site

      Prime Retail, 9,999 SF, Jamestown, ND
      809 26Th St, Jamestown, ND 58401
      View Details
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    Jamestown, ND 58401
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    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
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