Financial
Distress signals
Property profile

409 S 22Nd St Bismarck, ND 58504

FOR SALE
Commercial real estate
Property ID
US56-0529774
6,050 SF 0.42 ac lot Built 1967
Last sale Apr 2022 · $620,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 8,050-square-foot warehouse, located at 409 S 22nd St in Bismarck, North Dakota, presents a compelling owner-user investment opportunity. Built in 1967, the property sits on a sizable 18,461-square-foot lot and is priced at $800,000, or $99.38 per square foot. The warehouse boasts excellent access, featuring two 11-foot-high and one 12-foot-high overhead doors, ideal for accommodating larger equipment. The front of the property is partially fenced and could be easily enclosed. A recent…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$172k
Assessed land$44k
Assessed improvement$128k
Effective rate2.60%

Value estimate

· Sep 2026
$925k
$833k – $1.02M
CAP approach$700k
Submarket $/SF estimate$473k
NOI build-up
Gross scheduled income$87k
Vacancy & credit loss−$11k
Operating expenses−$27k
NOI · 6.59% cap applied$49k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$157/SF
Submarket average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$78 – $234

Cap rate analysis

How does the asset earn?
6.59%
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MA
The MA industrial district is established as a district in which the principal use of land is for heavy commercial establishments and non...
General categoryINDUSTRIAL
JurisdictionBURLEIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.1
Dental Office18.4
Restaurant18.3

Location

409 S 22Nd St Bismarck, ND 58504
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1120 Frnt, Bismarck, ND 58504 $115,000 Jul 2025 No data
931 9th St, Bismarck, ND 58504-5800 $385,000 Dec 2024 2,236 SF
1105 Bismarck, Bismarck, ND 58504-6604 $675,000 Sep 2024 No data
1421 Frnt, Bismarck, ND 58504 $300,000 Apr 2023 5,000 SF
2030 Frnt, Bismarck, ND 58504-6009 $315,000 Nov 2021 No data
601 2nd, Bismarck, ND 58504-7562 $255,000 Sep 2021 2,061 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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