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Property profile & analytics
OFF-MARKET
Estimated value
$5,175,000
Hotels
180 Bismarck Expy Bismarck, ND 58504-6334
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US56-0263431
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Total area
37,142 SF
Lot
1.35 ac (58,806 SF)
Zoning code
CG
APN
0600-002-020
UPID
US56-0263431
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
-
EverSpring Suites Hotel & Motel
-
Hotel Hotel & Motel
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.18M
Owner & transaction history
Bdh3 Bismarck LLC · 3 yrs held
Bdh3 Bismarck LLC
since 2023
Last sale
$5.5M
2 recorded transactions
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.8M
+131.8%
Auto repair, garage
$3.8M
+83.2%
Restaurant
$3.7M
+80.4%
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 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
$7,160,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,880,000
6.5%
$3,585,000
7%
$3,325,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,815,000
Change: +132% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,805,000
Change: +83% · Conversion: Difficult
RESTAURANT
$3,745,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$3,325,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,245,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$3,225,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,125,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$5.18M
Range $4.66M – $5.69M · ±10% · vs last sale $5.50M (Apr 13 2023)
Last sale anchor
$5.50M
Apr 13 2023
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
$139 / 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
$36,958
Tax year 2023
Assessed value
$1,418,400
Assessed 2023
Previous assessed
$1,260,800
+12.5% YoY
Effective rate
2.61%
On assessed value
Assessed land
$316,350
Assessed improvement
$1,102,050
Land market value
$632,700
Improvement market value
$2,204,100
Total market value
$2,836,800
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1996
Total area
37,142 SF
Lot
1.35 ac (58,806 SF)
Zoning code
CG
APN
0600-002-020
UPID
US56-0263431
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
INDUSTRIAL (GENERAL)
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RESTAURANT
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1996
Lot
1.35 ac
Current owner
From public records · entity-resolved
Bdh3 Bismarck LLC
Entity
Mailing address
221 S PHILLIPS AVE #200, SIOUX FALLS, SD 57104-6349
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2023
$5,500,000
Bdh3 Bismarck LLC
Dosch Hospitality INC
Warranty Deed
$3,920,000 · First Dakota National Bank
Feb 18, 2015
—
Dosch Hospitality INC
Coulter Lodging INC
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.
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