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    Mathew Reichert, Bismarck, ND

    Association
    Bismarck Mandan Board Of Realtors

    Contact details

    Phone:
    (701) 391-0561
    Office Address:
    1290 Westgate Parkway, Dothan, AL

    Performance

    Listings
    13

    Listings

    For Sale (12)

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    • Contact for pricing
      12,382 SF

      Multi-Tenant Office Building For Sale

      12,382 SF office building with diverse rent roll.
      1809 S Broadway, Minot, ND 58701
      View Details
    • $266,667

      Land For Sale Bismarck, ND

      Land available for purchase in Bismarck, North Dakota.
      3405 Miriam Ave, Bismarck, ND 58501
      View Details
    • $1,832,611

      Land For Sale Bismarck

      Land available for sale in Bismarck, North Dakota.
      2104 Channel Dr, Bismarck, ND 58501
      View Details
    • $744,876

      Grand Forks Commercial Land Available

      Commercial land with highway access in Grand Forks, North Dakota.
      5370 Myron Ave, Grand Forks, ND
      View Details
    • $653,400

      Level Lot Near Bismarck Expy

      Level commercial land with utilities and highway access for sale.
      3207 Airway Ave, Bismarck, ND 58504
      View Details
    • $1,032,372

      Grand Forks Land For Sale

      Land available near US Hwy 2 and I-29.
      1530 N 55Th St, Grand Forks, ND 58203
      View Details
    • $3,235,734

      Commercial Land Near Highway 83

      Eight commercial parcels near Highway 83 and I-94 for sale.
      4208 N 15Th St, Bismarck, ND 58501
      View Details
    • $1,291,116

      Grand Forks Land For Sale

      Land available in Grand Forks near US Hwy 2.
      5380 Myron Ave, Grand Forks, ND
      View Details
    • $1,276,717

      Land Near Interstate 94

      Land with easy access to Interstate 94 and Mandan.
      902 Missouri Dr NE, Mandan, ND 58554
      View Details
    • $784,080

      Grand Forks Land For Sale

      Land available near US Hwy 2 and I-29.
      5450 Gateway Dr, Grand Forks, ND 58203
      View Details
    • $1,600,000
      8,320 SF

      Freestanding Restaurant/Bar Building For Sale

      Freestanding restaurant/bar with commercial kitchen and ample parking.
      100 28Th Ave SW, Minot, ND 58701
      View Details
    • Contact for pricing
      6,005 SF

      W Fargo Retail Space Available

      Retail space available in West Fargo, North Dakota.
      1640 13Th Ave E, Fargo, ND 58103
      View Details

    For Lease (1)

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    • $15 SF/Yr
      5,799 SF

      Bismarck Office Space For Rent

      Office space featuring an open floorplan, call center, and parking.
      1721 Burlington Dr, Bismarck, ND 58504
      View Details

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    Mathew Reichert, Bismarck, ND
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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.

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    Mathew Reichert, Bismarck, ND
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