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Financial
Distress signals
Property profile

114 N 3Rd St Bismarck, ND 58501

FOR LEASE
Hotels
Property ID
US56-0125731
35,413 SF 0.24 ac lot Built 1914
Last sale Jul 2020 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This ground-floor storefront space is located within the historic Prince Hotel building on 3rd Street in a downtown, high-traffic area near a parking ramp. The premises are currently in a shelled condition and include a new storefront with ample daylight windows, providing opportunities for retail, professional services, or restaurant/lounge use. The layout requires that restroom build-outs be provided per unit.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$82k
Assessed land$82k
Effective rate2.77%

Value estimate

· Oct 2026
$1.59M
$1.43M – $1.75M
AI approach$1.82M
NOI build-up
Gross scheduled income$43k
Vacancy & credit loss−$3k
Operating expenses−$10k
NOI · 332,988.89% cap applied$30k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
332,988.89%
$30k 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?
DC
The purpose of the Downtown Core District is to preserve and enhance the mixed-use, pedestrian-oriented nature of the City downtown area
General categoryMIXED_USE
JurisdictionBURLEIGH

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.4
Locksmith9.2
Storage Facility8.9

Location

114 N 3Rd St Bismarck, ND 58501
County assessor Recorded deeds · 7 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

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
122 Thayer, Bismarck, ND 58501-3870 $850,000 Apr 2024 1,656 SF
210 20th, Bismarck, ND 58501-4750 $652,519 Jun 2023 5,383 SF
1300 Capitol, Bismarck, ND 58501-2059 $3,400,000 May 2022 43,375 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?”
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