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

    3402 Rutland Dr Bismarck, ND 58504

    • Commercial land
    • 7.48 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0038191
    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 land

    Property Details for 3402 Rutland Dr

    Lot size
    7.48 lot acres
    Zone code
    CG
    Property type
    Commercial land
    APN
    2370-001-001
    APU
    2370001001

    Description

    This exceptional 7.48-acre (325,828.8 square feet) commercial land parcel presents a unique investment opportunity in Bismarck, North Dakota. Located in the desirable Paradise Valley subdivision in South Bismarck, this property boasts a prime location with convenient access to key amenities. The CG zoning allows for a variety of commercial development possibilities, making it suitable for a wide range of businesses. Its proximity to the Missouri River, the University of Mary, and Kirkwood Mall provides excellent visibility and accessibility. Paradise Valley is a rapidly developing area known for its convenient access to schools, shopping centers, and parks, ensuring a strong potential for future growth and high return on investment. The land is priced at $13.00 to $15.00 per square foot, offering a competitive entry point into this thriving market. This property is situated at 3402 Rutland Drive, Bismarck, ND 58504, in Burleigh County. The location offers a blend of natural beauty and urban convenience, making it an attractive proposition for developers seeking a strategic location for their next project. Don't miss this chance to acquire a significant piece of Bismarck's burgeoning commercial landscape.

    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
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.793
    Latitude
    46.7648
    CBSA code
    13900
    CBSA name
    BISMARCK, ND METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.55 Acres

      Station

      VACANT COMMERCIAL LAND • 1.55 Acres
      Station, Ground, ND
      View Details
    • Value Estimation by Request

      Dakota Ave, ND

      VACANT COMMERCIAL LAND
      Dakota Ave, ND
      View Details
    • Value Estimation by Request

      Minnesota Ave, ND

      VACANT COMMERCIAL LAND
      Minnesota Ave, ND
      View Details
    • Value Estimation by Request
      0.08 Acres

      Main St, ND

      VACANT COMMERCIAL LAND • 0.08 Acres
      Main St, ND
      View Details
    • Value Estimation by Request
      0.96 Acres

      4th St, ND

      VACANT COMMERCIAL LAND • 0.96 Acres
      4th St, ND
      View Details
    • Value Estimation by Request

      Montana Ave, ND

      VACANT COMMERCIAL LAND
      Montana Ave, ND
      View Details

    Similar Nearby for Sale

    • $419,484

      Industrial Tracts Zoned MA

      Multiple industrial tracts available for sale, various sizes.
      1399 Saber Loop, Bismarck, ND
      View Details
    • $65,682

      Shovel Ready Lot Parcels

      Land parcels available near Raging Rivers Waterpark.
      2520 Water Park Loop SE, Mandan, ND
      View Details
    • $56,160

      Shovel Ready Land Parcels

      Land parcels available near Raging Rivers Waterpark.
      4615 Anchor Way SE, Mandan, ND
      View Details
    • $224,230

      Commercial Land Near Highway 83

      Commercial land available along Highway 83 in Bismarck, North Dakota.
      1445 Ridgedale Pl, Bismarck, ND
      View Details
    • $133,254

      Shovel Ready Land Parcels

      Land parcels available near Raging Rivers Waterpark.
      4611 Anchor Way SE, Mandan, ND
      View Details
    • Contact for pricing

      Land Ready For Development

      Raw land conveniently located off HWY 22, ready for development.
      3225 110Q Ave SW, Dickinson, ND
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      9,860 SF

      Memorial Village II Office Space

      Office space for lease in mixed-use apartment building.
      2600 Red Jarrett Way, Grand Forks, ND
      View Details
    • $5,000 /Mo
      9,990 SF

      Retail Space with Excellent Visibility

      Retail space featuring ample parking, restrooms, breakroom, and storage.
      2936 Us-281, Dunseith, ND
      View Details
    • $22 SF/Yr
      1,850 SF

      Retail Space in Busy Center

      Former frozen yogurt space available for lease in Grand Forks.
      32nd Ave S 3221, Grand Forks, ND
      View Details
    • $11 SF/Yr
      1,536 SF

      New Warehouse Space in Mapleton

      New shop/warehouse space for lease or sale near West Fargo.
      121 Gold Ct, Mapleton, ND
      View Details
    • $22 SF/Yr
      1,615 SF

      Office Space with I-29 Visibility

      First generation office space with ample parking and I-29 visibility.
      3461 James Way S, Fargo, ND
      View Details
    • $17 SF/Yr
      911 SF

      Office Space with Natural Light

      Office space featuring reception area, private office, and kitchenette.
      1720 Burnt Boat Rd, Bismarck, ND
      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.
    3402 Rutland Dr
    Bismarck, ND 58504
    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.