Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,255,000
Office Spaces
1151 Dv Ave Bismarck, ND 58501-1236
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US56-0496915
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2014
Total area
22,474 SF
Lot
2.04 ac (88,819 SF)
Zoning code
CG
APN
2190-001-050
UPID
US56-0496915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
City Brew Coffee Cafe & Coffee Shop
-
Proximal 50 Life Center Physician
-
Proximal50 Exercise Equipment Sales & Service Gym & Fitness Center (Bike/Boat/Book/etc) Store
-
Tana Trotter Physician
-
Heather Mattson, Real Estate Agent at Hatch Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
$3.96M
Blend (final)
Blend
$3.26M
Owner & transaction history
Trotter Properties LLC · 11 yrs held
Trotter Properties LLC
since 2014
6 recorded transactions
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bismarck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bismarck submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,810,000
6.5%
$2,595,000
7%
$2,410,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,345,000
Current use
RETAIL STORES
$3,300,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,095,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$70,163
Tax year 2023
Assessed value
$2,688,850
Assessed 2023
Previous assessed
$2,466,850
+9.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$459,450
Assessed improvement
$2,229,400
Land market value
$918,900
Improvement market value
$4,458,800
Total market value
$5,377,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2014
Total area
22,474 SF
Lot
2.04 ac (88,819 SF)
Zoning code
CG
APN
2190-001-050
UPID
US56-0496915
Jurisdiction
BURLEIGH
Zoning & alternative use
CG · Bismarck, ND
Zoning CG · permitted uses
CG · Bismarck, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bismarck. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Lot
2.04 ac
Current owner
From public records · entity-resolved
Trotter Properties LLC
Entity
Mailing address
1151 W DV AVE, BISMARCK, ND 58501-1236
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
—
Trotter Properties LLC
—
Deed
related
$4,350,000 · Kirkwood Bank & Trust Co
May 8, 2024
—
Trotter Properties LLC
—
Deed
related
$1,500,000 · Kirkwood Bank & Trust Co
Mar 23, 2022
—
Trotter Properties LLC
—
Deed
related
$372,762 · Kirkwood Bank & Trust Co
Jul 22, 2020
—
Trotter Properties LLC
—
Deed
related
$500,000 · Kirkwood Bank & Trust Co
Jul 16, 2018
—
Trotter Properties LLC
—
Deed
related
$1,953,519 · Kirkwood Bank & Trust Co
Aug 11, 2014
—
Trotter Properties LLC
Horizon Financial Bank
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1151 Dv Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
