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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Drive through restaurants
15556 37th SE St, Casselton, ND 58012-9753
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US56-0025098
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Total area
7,794 SF
APN
03-0820-00040-000
UPID
US56-0025098
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
-
Champs Chicken Restaurant
-
Gordy's Travel Plaza Parking Lot & Garage Gas Station
-
Tesoro Grocery & Convenience Store
-
ATM (Gordy's Travel Plaza) Atm
-
Arco Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$630k
Owner & transaction history
Gordy S INC · 3 yrs held
Gordy S INC
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$750,000
+22.2%
Retail stores
$655,000
+7.0%
Apartment house (5+ units)
$640,000
+4.4%
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 Casselton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Casselton 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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$615,000
Current use
OFFICE BUILDING
$750,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$655,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$640,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$530,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$81 / 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
$17,306
Tax year 2023
Assessed value
$575,900
Assessed 2023
Previous assessed
$474,950
+21.3% YoY
Effective rate
3.01%
On assessed value
Assessed land
$192,850
Assessed improvement
$383,050
Land market value
$385,700
Improvement market value
$766,100
Total market value
$1,151,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
5
Total area
7,794 SF
APN
03-0820-00040-000
UPID
US56-0025098
Jurisdiction
CASS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$615,000
OFFICE BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$640,000
WAREHOUSE, STORAGE
Est. value
$530,000
RESTAURANT Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1988
Heating
NONE
Buildings
5
Current owner
From public records · entity-resolved
Gordy S INC
Entity
Mailing address
1983 GOVERNORS DR STE A, CASSELTON, ND 58012-4001
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
—
Gordy S INC
—
Deed
related
$500,000 · American Federal Bank
Jul 22, 2016
—
Gordys INC
—
Deed
related
$2,026,058 · American Fed'l Bk
Dec 30, 2015
—
Gordys INC
—
Trustees Deed
related
$1,500,000 · American Fed'l Bk
—
—
Gordys INC
—
Deed Of Trust
related
$2,026,058 · American Fed'l Bk
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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