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    201 Slate Dr Bismarck, ND 58503
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    Property profile & analytics

    201 Slate Dr Bismarck, ND 58503

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    • Office Spaces
    • 4,800 SF
    • 0.77 lot acres
    For Lease
    $500/Mo
    View Listing →
    Bismarck Office Suite with Kitchenette For Lease
    $500/Mo

    Bismarck Office Suite with Kitchenette

    Lower level office suite with kitchenette and ADA access.

    201 Slate Dr, Bismarck, ND 58503
    View Listing
    Property ID
    US56-0218189
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,425,000
    Cap Rate Potential
    2.5%
    Office Spaces
    Location Intelligence

    Current Use by Public Records

    • Dakota Collectibles / Business Service Center / Corporate Office
    • Vision Technology / (Bike/Boat/Book/etc) Store / Corporate Office
    • Bolinske Law Firm / Law Firm
    • SWCA Environmental Consultants / Environmental Consultant
    • Cemetery Kiosks by Vision Technology / Cemetery

    Property Details for 201 Slate Dr

    Year built
    2015
    Lot size
    0.77 lot acres
    Property size
    4,800 SF
    Zone code
    RT
    Property type
    Office Spaces
    APN
    1510-001-110
    APU
    1510001110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,460,000
      ML approach
      $1,440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,121,000
      Market price range: $375k - $1.12M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.792
    Latitude
    46.8554
    CBSA code
    13900
    CBSA name
    BISMARCK, ND METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,550
    $123,450
    $622,200
    $745,650
    -
    $246,900
    $1,244,400
    $1,491,300

    Comparable in this City

    • Value Estimation
      $3,190,000
      25,831 SF

      1300 Elbowood Ln

      OFFICE (GENERAL) • 25,831 SF
      1300 Elbowood Ln, Bismarck, ND 58503-5712
      View Details
    • Value Estimation
      $4,755,000
      68,211 SF

      1200 Century Ave

      OFFICE (GENERAL) • 68,211 SF
      1200 Century Ave, Bismarck, ND 58503-0911
      View Details
    • Value Estimation
      $3,495,000
      35,354 SF

      1150 Century Ave

      OFFICE (GENERAL) • 35,354 SF
      1150 Century Ave, Bismarck, ND 58503-0942
      View Details
    • Value Estimation
      $7,200,000
      65,001 SF

      4202 Coleman St

      OFFICE (GENERAL) • 65,001 SF
      4202 Coleman St, Bismarck, ND 58503-1356
      View Details
    • Value Estimation
      $780,000
      7,125 SF

      300 Century Ave

      OFFICE (GENERAL) • 7,125 SF
      300 Century Ave, Bismarck, ND 58503-1405
      View Details
    • Value Estimation
      $575,000
      1,738 SF

      1003 Gtwy Ave

      OFFICE (GENERAL) • 1,738 SF
      1003 Gtwy Ave, Bismarck, ND 58503-0508
      View Details

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      29,510 SF

      Class A Office Space Bismarck

      Class A building with flexible workspaces, fitness room, and kitchenette.
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      Land For Sale

      3.89 acres of land available for purchase.
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    • $1,306,800

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      Land
      136th NE 26Th St NE, Bismarck, ND 58503
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      107,375 SF

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      Office Space Near Retail Hub

      Office space available for rent in Northwest Bismarck.
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      1,713 SF

      Northwest Bismarck Retail/Mixed Use Space

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      Office and Shop Space Available

      Office and shop space available for lease in Bismarck.
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      View Details
    • $1,800 /Mo

      North Bismarck Office Suite

      596 SF office suite with high-end finishes for rent.
      4719 Shelburne St, Bismarck, ND 58503
      View Details
    View Listing
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    Bismarck, ND 58503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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