Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2701 Memorial Hwy Mandan, ND 58554

    • Commercial real estate
    • 2.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0489420
    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 2701 Memorial Hwy

    Lot size
    2.40 lot acres
    Property type
    Commercial real estate
    APN
    65-6100180

    Description

    This exceptional 2.4-acre commercial land parcel is ideally situated at 2701 Memorial Highway SE in Mandan, North Dakota (APN: 65-6100180). Zoned CC, this property boasts high visibility and accessibility, positioned between McDonald's and Big O Tires, ensuring significant exposure to the substantial daily traffic volume of 17,195 vehicles on Memorial Highway. The asking price is $1,515,888, translating to a land value of $14.50 per square foot. This prime location offers a unique opportunity for businesses seeking a high-traffic, easily accessible site for development. The property's 2023 property taxes totaled $8,587.97, with a special installment payment of $577.50 and a zero balance remaining. This presents a compelling investment opportunity in a thriving area of Mandan, offering significant potential for growth and return. The property's strategic location and high visibility make it an ideal site for a variety of commercial ventures. Don't miss this chance to secure a prominent location in a high-growth area.

    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
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.856244
    Latitude
    46.82052

    Comparable in this City

    • Contact for pricing

      Mandan Water Park Loop Lots

      19 prime commercial/residential lots
      0 Water Park Loop, Mandan, ND 58554
      View Details
    • $1,321,872

      Mandan Commercial Land Opportunity

      Prime PUD-zoned land, I-94 access.
      825 Missouri Dr, Mandan, ND 58554
      View Details
    • $431,244

      Mandan Commercial Land - High School Site

      Prime .99-acre commercial lot near new high school.
      2113 4Th Ave, Mandan, ND 58554
      View Details
    • $1,993,306
      1.82 Acres

      Mandan Commercial Land - 1.82 Acres

      Prime development land, high traffic corner, near I-94.
      46th Ave & Mckenzie Dr, Mandan, ND 58554
      View Details
    • $877,000

      120 Acres Near Mandan, ND

      Prime Agricultural & Hunting Land
      0 County Road 82, Mandan, ND 58554
      View Details
    • $2,437,065

      Lakewood Commercial Land Opportunity

      Prime Mandan, ND lot; development potential.
      3901 21St St, Mandan, ND 58554
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mandan Water Park Loop Lots

      19 prime commercial/residential lots
      0 Water Park Loop, Mandan, ND 58554
      View Details
    • $1,321,872

      Mandan Commercial Land Opportunity

      Prime PUD-zoned land, I-94 access.
      825 Missouri Dr, Mandan, ND 58554
      View Details
    • $431,244

      Mandan Commercial Land - High School Site

      Prime .99-acre commercial lot near new high school.
      2113 4Th Ave, Mandan, ND 58554
      View Details
    • $1,993,306
      1.82 Acres

      Mandan Commercial Land - 1.82 Acres

      Prime development land, high traffic corner, near I-94.
      46th Ave & Mckenzie Dr, Mandan, ND 58554
      View Details
    • $877,000

      120 Acres Near Mandan, ND

      Prime Agricultural & Hunting Land
      0 County Road 82, Mandan, ND 58554
      View Details
    • $2,437,065

      Lakewood Commercial Land Opportunity

      Prime Mandan, ND lot; development potential.
      3901 21St St, 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
    • $15 SF/Yr
      10,258 SF

      Mandan Office Space: Sunset Drive

      Prime Mandan office space, I-94 access.
      2500 Sunset Dr, Mandan, ND 58554
      View Details
    • $22 SF/Yr
      2,000 SF

      Retail Space in High-Traffic Location

      2,000 SF retail space available for lease in Mandan.
      310 6Th Ave SE, Mandan, ND 58554
      View Details
    • $2,000 /Mo
      2,000 SF

      Shop with Parking and Storage

      2,000 SF shop with parking and storage available for rent.
      2602 34Th St NW, Mandan, ND 58554
      View Details
    • $2,300,000
      7,622 SF

      Mandan Industrial Property for Rent

      2.88 acres with multiple buildings and 21,000 SF structures.
      3613 Memorial Hwy, Mandan, ND 58554
      View Details
    • $13 SF/Yr
      1,210 SF

      Retail Showroom on Collins Avenue

      Retail showroom available in downtown Mandan starting July 1, 2025.
      100 Collins Ave, 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.
    2701 Memorial Hwy
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.