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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Turn key restaurants
210 Main Ave Bismarck, ND 58501-3848
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US56-0291950
Property summary
AI-generated overview
This exceptional investment opportunity presents a 2,735 square foot restaurant located at 210 E Main Ave in Bismarck, North Dakota. The property, built in 1912 and situated on a 3,250 square foot lot (APN: 0001-052-040), boasts a rich history and is currently 100% occupied by a well-established tenant since 2017. The building underwent a complete reconstruction in 2017, preserving its original tin ceiling and classic wood floors while incorporating modern amenities. The property features a triple net lease, ensuring a hassle-free ownership experience. The asking price is $715,000, representing a compelling $261.43 per square foot and a projected 7.00% capitalization rate. The building is zoned DC and includes alley access and two designated parking spaces. Recent improvements include a 2019 roof replacement and repairs. 2023 property taxes totaled $5,911.43, with special installments of $311.99 and a zero balance. This is a rare chance to acquire a piece of Bismarck's downtown legacy with a strong, established tenant. The property offers a secure and reliable investment for long-term growth.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1912
Total area
2,735 SF
Lot
0.07 ac (3,250 SF)
Zoning code
DC
APN
0001-052-040
UPID
US56-0291950
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
-
Butterhorn Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Newgen 2 LLC · 4 yrs held
Newgen 2 LLC
since 2021
Last sale
$640,000
3 recorded transactions
Zoning & alternative use
DC · Bismarck, ND
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 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.
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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
$665,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $640k (Oct 29 2021)
Last sale anchor
$640k
Oct 29 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
$238 / 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
$6,223
Tax year 2023
Assessed value
$227,450
Assessed 2023
Previous assessed
$220,750
+3.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$27,250
Assessed improvement
$200,200
Land market value
$54,500
Improvement market value
$400,400
Total market value
$454,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1912
Total area
2,735 SF
Lot
0.07 ac (3,250 SF)
Zoning code
DC
APN
0001-052-040
UPID
US56-0291950
Jurisdiction
BURLEIGH
Zoning & alternative use
DC · Bismarck, ND
Zoning DC · permitted uses
DC · 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.
Building & site characteristics
From public records
Year built
1912
Lot
0.07 ac
Current owner
From public records · entity-resolved
Newgen 2 LLC
Entity
Mailing address
360 32ND AVE W APT #505, WEST FARGO, ND 58078-2947
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
Oct 29, 2021
$640,000
Newgen 2 LLC
Old 10 Investments LLP
Warranty Deed
$480,000 · Security First Bank Of North Dakota
Apr 22, 2019
$290,000
Old 10 Investments LLP
Simon Wangler
Warranty Deed
$290,000 · Security First Bank Of North Dakota
Mar 31, 2011
—
Simon Wangler
Guitarland Of Bismarck
Quit Claim Deed
related
—
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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