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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Hotels
210 20th St Bismarck, ND 58501-4750
Entity Owned
3-yr Hold
Free & Clear
Property ID
US56-0585932
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1953
Total area
5,383 SF
Lot
0.49 ac (21,300 SF)
Zoning code
CG
APN
0105-018-001
UPID
US56-0585932
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
-
Thayer Motel Hotel & Motel Vacation Rental
-
Extended Stay Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Preshing Building Co · 3 yrs held
Preshing Building Co
since 2023
Last sale
$652,519
1 recorded transaction
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$825,000
+173.5%
Commercial (general)
$525,000
+73.6%
Retail stores
$495,000
+63.7%
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
$850,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$480,000
Alternative Use
Use
Estimation
RESTAURANT
$825,000
Change: +174% · Conversion: Difficult
COMMERCIAL (GENERAL)
$525,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$495,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$495,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$450,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$440,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $653k (Jun 28 2023)
Last sale anchor
$653k
Jun 28 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
$132 / 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
$4,427
Tax year 2023
Assessed value
$170,350
Assessed 2023
Previous assessed
$150,750
+13.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$76,850
Assessed improvement
$93,500
Land market value
$153,700
Improvement market value
$187,000
Total market value
$340,700
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
1953
Total area
5,383 SF
Lot
0.49 ac (21,300 SF)
Zoning code
CG
APN
0105-018-001
UPID
US56-0585932
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
RESTAURANT
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$525,000
RETAIL STORES
Est. value
$495,000
MEDICAL BUILDING
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$450,000
INDUSTRIAL (GENERAL)
Est. value
$440,000
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1953
Lot
0.49 ac
Current owner
From public records · entity-resolved
Preshing Building Co
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 221376, NEWHALL, CA 91322-1376
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2023
$652,519
Preshing Building Co
Bismarck Motel Properties LLC
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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