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121 Gilbertson St Tioga, ND 58852-7207

OFF-MARKET Commercial real estate Google Maps
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$230k
Range $207k – $253k (±10%)
Property ID US56-0437633

Property summary

AI-generated overview

This thriving Thai restaurant and bar, located at 121 N Gilbertson Street in Tioga, North Dakota, presents a unique investment opportunity priced at $450,000. The 1,901 square foot building sits on a 0.26-acre lot and is currently operating as a successful, turnkey business. The existing operation boasts a convenient drive-thru, significantly enhancing customer access and operational efficiency. Financial records demonstrating the business's strong performance are available upon request. The property's current configuration offers ample space for both dining and bar service, with the potential for further expansion and enhancement. A notable feature is the possibility of adding a patio area to the south side of the building, creating additional outdoor seating and enhancing the overall dining experience. This addition would capitalize on the favorable climate and create a more inviting atmosphere for patrons. The property's location in Tioga provides excellent visibility and accessibility, contributing to the business's consistent success. This turnkey operation offers immediate income generation and significant growth potential for a savvy investor. The sale includes all existing equipment and fixtures, making this a seamless transition for a new owner. Serious inquiries are encouraged to schedule a viewing and explore this exceptional business opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 03-000-00-24-02-005
UPID US56-0437633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2022
Last sale
$200,000
6 recorded transactions
2022
$200,000
2020
Price N/A
2019
$45,000
2006
$3,690
2006
$3,690
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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