3275 Ridge DrDickinson, ND 58601

  • Super regional malls
  • 36,876 SF
For Lease
$8.50/SF/YR View listing

Property Details for 3275 Ridge Dr

Year built
2014
Lot size
4.78 AC
Property size (Sq ft)
36,876 SF
Property type
Super regional malls
APN
41-2505-04000-600
APU
41250504000600

Description

West Ridge Market Center, located at 3275 W Ridge Dr in Dickinson, North Dakota, presents a unique investment opportunity. This single-story, 36,372 square foot building, constructed in 2014, offers a diverse range of spaces ideal for various business types. The property is zoned commercial and situated in Stark County, conveniently located off Exit 59 in west Dickinson. Eleven spaces are currently available, ranging in size from 1,620 to 5,066 square feet, catering to businesses of all scales. The building's design accommodates a variety of uses, including traditional office, executive office, coworking, medical office, creative office, and retail spaces. Its prime location among newer buildings in Dickinson ensures high visibility and accessibility, benefiting from significant traffic flow. The flexible space options and competitive pricing per square foot make this a highly attractive proposition for businesses seeking a strategic location in a thriving area. The property's multiple tenancy structure provides a diverse tenant base and potential for strong rental income. This is an exceptional opportunity to establish or expand your business in a dynamic and rapidly growing community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,951,569
    6.5%
    $11,955,294
    7%
    $11,101,345
  • Comparable approach

    Method
    Valuation
    Relative Method
    $24,401,640
    Geo Method
    $7,677,672
  • Alternative Use

    Use
    Valuation
    Residential
    $10,084,738
    Hospitality
    $9,237,566
    Educational
    $7,685,546
    Medical
    $7,949,864
    Retail
    $11,955,294

Location Insight

City
Dickinson
County
Stark
State
North Dakota
Latitude
46.8938
Longitude
-102.835
CBSA code
19860
CBSA name
DICKINSON, ND MICROPOLITAN 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
2022
$39,884
$2,370,900
$1,056,900
$3,427,800
-
$4,741,800
$2,113,800
$6,855,600

FAQs

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