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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Medical Office Space
188 Osborn Dr Dickinson, ND 58601-3960
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US56-0564793
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
5,444 SF
Lot
0.59 ac (25,657 SF)
APN
41-0800-01000-700
UPID
US56-0564793
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
-
Phil Reisenauer Community Health Centre
-
HomeTown Dental: Dr. Tom Peters Dental Office
-
Zeien Jeri Dental Office
-
Massage Therapy Clinic Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$815k
Owner & transaction history
Peters Dental Buildings LLC · 5 yrs held
Peters Dental Buildings LLC
since 2021
Last sale
$736,580
3 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
$810,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$930,000
7%
$860,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Current use
RESTAURANT
$520,000
Change: -15% · Conversion: Difficult
WAREHOUSE, STORAGE
$520,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $737k (Mar 31 2021)
Last sale anchor
$737k
Mar 31 2021
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
$150 / 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
$7,354
Tax year 2022
Assessed value
$632,000
Assessed 2023
Effective rate
1.16%
On assessed value
Assessed land
$68,600
Assessed improvement
$563,400
Land market value
$137,200
Improvement market value
$1,126,800
Total market value
$1,264,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Cooling
YES
Stories
2
Total area
5,444 SF
Lot
0.59 ac (25,657 SF)
APN
41-0800-01000-700
UPID
US56-0564793
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 Current
Est. value
$615,000
RESTAURANT
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$520,000
MEDICAL BUILDING Current
RESTAURANT
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
1970
Cooling
Yes
Stories
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Peters Dental Buildings LLC
Entity
Mailing address
PO BOX 1588, NEW TOWN, ND 58763-1588
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
Peters Dental Buildings LLC
—
Deed
related
$76,365 · Kirk Wood Bank & Trust Co
Mar 31, 2021
$736,580
Peters Dental Buildings LLC
Morton L Krieg
Warranty Deed
$589,264 · Kirkwood Bank & Trust Co
Jan 23, 2017
—
Cheryl A Krieg
—
Deed
related
$220,000 · First Home 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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