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Property profile & analytics
OFF-MARKET
Estimated value
$11,400,000
Super regional malls
1681 3rd W Ave Dickinson, ND 58601-3043
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US56-0533938
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1980
Total area
140,864 SF
Lot
22.24 ac (968,774 SF)
APN
41-1110-01000-100
UPID
US56-0533938
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
-
Pretzelmaker Bakery Specialty Food Shop
-
Tesla Supercharger Electric Vehicle Charging Station
-
Griffon Theaters Cinema Theater & Performing Art Venue
-
Starboard (Bike/Boat/Book/etc) Store
-
Alvin W. Schwindt, RPH Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.40M
Owner & transaction history
Prairie Hills Mall LLC · 2 yrs held
Prairie Hills Mall LLC
since 2024
Last sale
$11.4M
4 recorded transactions
Zoning & alternative use
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 Dickinson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dickinson 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
$11,400,000
ML approach
$11,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,880,000
Change: 0% · Conversion: Difficult
RESTAURANT
$13,485,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,415,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$10,970,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,965,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$11.40M
Range $10.26M – $12.54M · ±10% · vs last sale $11.40M (Apr 25 2024)
Last sale anchor
$11.40M
Apr 25 2024
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 2022Property tax & assessments
Tax year 2022
Tax billed
$224,256
Tax year 2022
Assessed value
$19,273,400
Assessed 2023
Previous assessed
$19,273,400
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,668,000
Assessed improvement
$14,605,400
Land market value
$9,336,000
Improvement market value
$29,210,800
Total market value
$38,546,800
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1980
Buildings
7
Stories
1
Total area
140,864 SF
Lot
22.24 ac (968,774 SF)
APN
41-1110-01000-100
UPID
US56-0533938
Jurisdiction
STARK
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
MEDICAL BUILDING
Est. value
$15.9M
RESTAURANT
Est. value
$13.5M
WAREHOUSE, STORAGE
Est. value
$13.4M
RETAIL STORES
Est. value
$11.0M
COMMERCIAL (GENERAL)
Est. value
$9.0M
MEDICAL BUILDING
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1980
Stories
1
Buildings
7
Lot
22.24 ac
Current owner
From public records · entity-resolved
Prairie Hills Mall LLC
Entity
Mailing address
1681 3RD AVE W, DICKINSON, ND 58601-3043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Mar 12, 2025
—
Prairie Hills Mall LLC
—
Deed
related
$1,861,112 · Dakota Community Bank & Trust NA
Apr 25, 2024
$11,400,000
Prairie Hills Mall LLC
Great Plains Clinic Medial Ent LLC
Warranty Deed
$4,803,025 · Dakota Community Bank & Trust NA
Feb 25, 2020
—
Great Plains Clinic Medical Enterpr
—
Deed
related
$10,518,065 · Choice Financial Group
Oct 20, 2010
—
Great Plains Clinic Medical Enterpr
Developers Diversified Realty Corp
Limited Warranty Deed
$5,800,000 · Great Plains National 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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