Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Jamestown Inn & Suites Title is generated by Realmo AI

    111 2nd St NE, Jamestown, ND 58401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    100-room hotel with meeting space in Jamestown, North Dakota.

    Property size:
    8,821 SF
    Added:
    Mar 5, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 6 at 12:49 am

    Property Features for 111 2nd St NE

    General Information

    Standard status
    Active
    Size
    8,821 SF

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Salman (Sam) Tabani

    Listing agent Salman (Sam) Tabani License #TX #0546558

    Listing office Tabani Realty

    Listing date Mar 5, 2026

    Source Tabanirealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Tabani Realty

    HighLights

    • Prime location in Jamestown, ND, with easy access off Interstate 94.
    • Substantial meeting space (8,821 SF) suitable for various events.
    • 100 rooms, including 16 theme suites, offering diverse accommodation options.
    • Close proximity to popular attractions like the National Buffalo Museum and downtown Jamestown.
    • Convenient access to outdoor activities at Pipestem Creek and Jamestown Reservoir.
    • New TPO roof installed in 2025.

    Overview

    The Gladstone Inn & Suites, located in Jamestown, North Dakota, features 100 rooms across two floors, including 16 theme suites. The property offers room service and 8,821 square feet of meeting space suitable for corporate gatherings or family reunions. It is located off Interstate 94, providing convenient access for travelers. Nearby attractions include the Jamestown Buffalo Museum and the historic Fort Seward. Outdoor activities are available at Pipestem Creek and the Jamestown Reservoir. The Arts Center is a 3-minute walk away, while the Historic Franklin School is a 6-minute walk. The North Dakota Sports Hall of Fame and the Stutsman County Memorial Museum are both a 7-minute walk from the property, and Saint James Basilica is an 11-minute walk away. Jamestown Regional Airport is a 4-minute drive away. A new TPO roof is planned for installation in 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gladstone Inn & Suites Hotel & Motel Shady's Restaurant & Lounge Bar & Pub Infinity Building Services General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Stutsman
    State
    North Dakota
    Longitude
    -98.7075
    Latitude
    46.9099

    Nearby Similar for Sale

    • $1,379,000
      18,450 SF

      Jamestown Commercial Property For Sale

      Commercial building on 1.82 acres with high visibility signage.
      417 24th St Sw, Jamestown, ND, 58401-6624
      View Details
    • $299,000
      2,976 SF

      Day Care Center For Sale

      2976 sq ft day care center with full kitchen.
      214 6th Ave Ne, Jamestown, ND, 58401-3632
      View Details
    • $1,775,000
      18,427 SF

      Net-Leased Investment Opportunity

      Institutional-quality net-lease investment featuring Curaleaf as tenant.
      1513 Business Loop E, Jamestown, ND 58401
      View Details
    • $2,600,000
      27,419 SF

      Office Building Near James River

      Well-maintained office building leased to government agency.
      520 3rd St NW, Jamestown, ND
      View Details

    FAQs

    What type of property is this?
    Hotel - 100-room hotel with meeting space in Jamestown, North Dakota.
    Where is this hotel located?
    The property is located at 111 2nd St NE Jamestown, ND.
    What are key features of this property?
    This property features: Prime location in Jamestown, ND, with easy access off Interstate 94.; Substantial meeting space (8,821 SF) suitable for various events.; 100 rooms, including 16 theme suites, offering diverse accommodation options.
    (972) 810-7729
    We can help!
    Listing Contact
    Salman (Sam) Tabani
    Real Estate License ID: TX #0546558
    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.
    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

    Thank You for Inquiry
    111 2nd St NE, Jamestown, ND 58401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!