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Property profile & analytics
OFF-MARKET
Estimated value
$4,295,000
Hotels
1300 Capitol Ave Bismarck, ND 58501-2059
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US56-0395695
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1976
Total area
43,375 SF
Lot
2.28 ac (99,317 SF)
Zoning code
CG
APN
0322-002-030
UPID
US56-0395695
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
-
Days Inn by Wyndham Bismarck Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.40M
CAP Approach
CAP
$4.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.30M
Owner & transaction history
Merlin Hotel Group 1300 LLC · 4 yrs held
Merlin Hotel Group 1300 LLC
since 2022
Last sale
$3.4M
1 recorded transaction
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+173.5%
Commercial (general)
$4.2M
+73.6%
Retail stores
$4.0M
+63.7%
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
$5,085,000
ML approach
$5,395,000
CAP Approach
CAP Return
Estimation
6%
$4,535,000
6.5%
$4,185,000
7%
$3,885,000
Alternative Use
Use
Estimation
RESTAURANT
$6,635,000
Change: +174% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,210,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$3,970,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$3,970,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,620,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,540,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,365,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±10% · vs last sale $3.40M (May 20 2022)
Last sale anchor
$3.40M
May 20 2022
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
$99 / 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
$42,020
Tax year 2023
Assessed value
$1,606,100
Assessed 2023
Previous assessed
$1,433,450
+12.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$478,250
Assessed improvement
$1,127,850
Land market value
$956,500
Improvement market value
$2,255,700
Total market value
$3,212,200
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1976
Total area
43,375 SF
Lot
2.28 ac (99,317 SF)
Zoning code
CG
APN
0322-002-030
UPID
US56-0395695
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
RESTAURANT
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RETAIL STORES
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.4M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1976
Lot
2.28 ac
Current owner
From public records · entity-resolved
Merlin Hotel Group 1300 LLC
Entity
Mailing address
24539 SE 44TH ST, SAMMAMISH, WA 98029-7543
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
$3,400,000
Merlin Hotel Group 1300 LLC
Brutgers Equities INC
Special Warranty Deed
$2,970,000 · Commonwealth Business Bank
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.
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