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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Hotels
2020 Schafer St Bismarck, ND 58501-1209
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US56-0305939
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2013
Total area
60,582 SF
Lot
1.8 ac (78,408 SF)
Zoning code
CG
APN
1091-001-001
UPID
US56-0305939
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
-
The Lodge At The Stadium Bar & Pub
-
Hampton Inn and Suites Bismarck Northwest Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$3.40M
Owner & transaction history
Rr Hotel Properties LLC · 2 yrs held
Rr Hotel Properties LLC
since 2024
6 recorded transactions
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.5M
+63.7%
Medical building
$5.5M
+63.7%
Auto repair, garage
$5.1M
+49.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,385,000
Current use
RETAIL STORES
$5,545,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$5,545,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,060,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,945,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,700,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.73M · ±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
$56 / 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
$58,964
Tax year 2023
Assessed value
$2,256,650
Assessed 2023
Previous assessed
$2,218,950
+1.7% YoY
Effective rate
2.61%
On assessed value
Assessed land
$419,650
Assessed improvement
$1,837,000
Land market value
$839,300
Improvement market value
$3,674,000
Total market value
$4,513,300
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
2013
Total area
60,582 SF
Lot
1.8 ac (78,408 SF)
Zoning code
CG
APN
1091-001-001
UPID
US56-0305939
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
HOTEL/MOTEL Current
Est. value
$3.4M
RETAIL STORES
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.7M
HOTEL/MOTEL Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2013
Lot
1.8 ac
Current owner
From public records · entity-resolved
Rr Hotel Properties LLC
Entity
Mailing address
14103 TRL BOSS WAY, BISMARCK, ND 58503-9503
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Rr Hotel Properties LLC
—
Deed
related
$7,200,000 · Security First Bank Of North Dakota
Feb 5, 2024
—
Rr Hotel Properties LLC
Hisb Properties LLC
Quit Claim Deed
related
$615,252 · Security First Bank Of North Dakota
Apr 17, 2020
—
Hisb Properties LLC
—
Deed
related
$7,200,000 · Security First Bank Of North Dakota
Nov 22, 2013
—
Hisb Properties LLC
Roughrider Hospitalities LLP
Quit Claim Deed
related
—
Aug 23, 2012
—
Roughrider Hospital LLP
Bhsss W Group LLC
Warranty Deed
—
Feb 7, 2012
—
Bhsss W Group
Westphal Holding
Warranty 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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