612 24Th St NW Mandan, ND 58554
For Sale
1 / 15
Prime commercial pad site immediately adjacent to the new $95 million Mandan High School that will be built for a capacity of 1400 students plus staff and faculty. These sites include premier visibility, efficient layouts with minimal to no special assessment costs and readily available utilities and infrastructure that will be stubbed to the property. Area businesses and notable sites nearby include Walmart, Starion Sports Complex, Subaru, Mandan Middle School, Marathon Petroleum with hundreds of new households proposed to the area along with new businesses. Notes: The site is currently under development as part of the new high school construction. Final property tax values and special assessments are pending but important to factor in that most of the special assessments will remain with the Seller; the engineers estimate for special assessments not assumed by the Buyer (as is typically the case in our market) is over $2.00/SF. This listing includes lots reduced in size from the existing plat. Buyers have the option to buy the larger parcels as currently platted for the same price per square foot otherwise a lot split will occur prior to the sale to create the lot being marketed under this listing.
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
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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.