Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1203 W Divide Ave Bismarck, ND 58501

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    Development lot with views and community amenities.

    Lot size:
    1.86 Acres

    Property Features for 1203 W Divide Ave

    General Information

    Lot size
    1.86 Acres

    We can help!

    Listing Contact
    Kyle Holwagner
    Kyle Holwagner
    Source: Moodyscre

    Listing Agent: Kyle Holwagner

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

    Learn more

    Property Insight Report

    Overview

    Development Lot with River View

    This development lot offers views of the Missouri River, Tom O'Leary golf course, and city views. It presents potential for office, professional services, or residential development. The property is surrounded by community amenities, including a public golf course, walking path, aquatic center, community event bowl, regional shopping, and dining and entertainment options. The property includes surface parking and a secure underground garage. Taxes for 2023 were $4,667.80.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.8120962
    Latitude
    46.8239098

    Nearby Similar for Sale

    • $920,000
      8,146 SF

      Versatile Commercial Space in Bismarck

      Flexible 8,146 sq ft commercial space for sale.
      1100 Basin Ave, Bismarck, ND 58504
      View Details
    • $306,000

      Airway Project Shop Condominiums

      Condo shop units with fenced storage in south Bismarck.
      3212 Airway Ave, Bismarck, ND 58504
      View Details
    • $500,000

      Turnkey Automotive Service & Sales

      Established automotive service and sales enterprise with real estate included.
      1409 Lockheed Dr, Bismarck, ND 58504
      View Details
    • $299,000
      2,100 SF

      Bismarck Shop Space For Sale

      2,100 SF shop space in North Bismarck, near I-94.
      3307 Hamilton St, Bismarck, ND 58503
      View Details
    • $600,000
      3,582 SF

      Former Kennel in North Bismarck

      Former kennel with office, potential for shop use.
      1821 Commerce Dr, Bismarck, ND 58501
      View Details
    • $2,700,000
      13,639 SF

      Warehouse with Two-Story Office

      13,639 SF warehouse with office space for sale.
      2002 Northern Plains Dr, Bismarck, ND 58501
      View Details
    • $6,000,000
      51,419 SF

      Bismarck Shopping Center For Sale

      86% occupied shopping center in central Bismarck location.
      204 E Boulevard Ave, Bismarck, ND 58501
      View Details
    • $3,900,000
      65,999 SF

      Bowen Avenue Office Building For Sale

      Office building featuring private offices, conference room, and kitchenette.
      2410 E Bowen Ave, Bismarck, ND 58504
      View Details
    • $1,450,000
      9,990 SF

      Profitable Auto Shop For Sale

      Established auto shop with future bookings and expansion potential.
      231 S 22Nd St, Bismarck, ND 58501
      View Details
    • $650,000
      6,300 SF

      Modern Self-Storage Facility For Sale

      New self-storage facility with expansion potential near Lincoln, North Dakota.
      2209 Fido Dr, Bismarck, ND 58501
      View Details
    • $1,200,000
      12,500 SF

      Fully Leased Retail Property

      Fully leased retail property in a great north location.
      1003 E Interstate Ave, Bismarck, ND 58503
      View Details
    • $425,000
      5,160 SF

      Bismarck Commercial Condo - Great Location

      Spacious Shop & Offices, 5160 sq ft
      4100 Hagen Ave, Bismarck, ND 58504
      View Details

    FAQs

    What type of property is this?
    Land - Development lot with views and community amenities.
    Where is this land located?
    The property is located at 1203 W Divide Ave Bismarck, ND.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Enjoy breathtaking views of the Missouri River, Tom O'Leary golf course, and the city.; - Endless potential for high-end office/professional services or residential development.; - Surrounded by community amenities: golf course, walking path, aquatic center, event bowl, shopping, dining, and entertainment.
    (701) 400-5373
    Request Owner's contact information
    1203 W Divide Ave Bismarck, ND 58501
    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.
    1203 W Divide Ave
    Bismarck, ND 58501
    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
    1203 W Divide Ave Bismarck, ND 58501
    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

    We can help!
    Listing Contact
    Kyle Holwagner
    Kyle Holwagner
    (701) 400-5373
    Learn more
    Google sign-in failed. Please try again or use another login method.