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    Property profile & analytics

    210 Main Ave Bismarck, ND 58501-3848

    • Turn key restaurants
    • 2,735 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $665,000
    Last Sale
    Oct 29, 2021
    $640,000
    Location Intelligence
    Property ID
    US56-0291950
    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.

    Current Use by Public Records

    • Butterhorn / American Restaurant / Restaurant

    Property Details for 210 Main Ave

    Year built
    1912
    Lot size
    0.07 lot acres
    Property size
    2,735 SF
    Zone code
    DC
    Property type
    Turn key restaurants
    APN
    0001-052-040
    APU
    1052040

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $605,000
      6.5%
      $640,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $735,000
      Geo Method
      $715,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $680,000
      Mixed-Use
      $675,000
      Hospitality
      $530,000
      Educational
      $580,000
      Residential Income
      $575,000
      Energy
      $550,000
      Income-Based Land
      $575,000
      Food Service
      $660,000

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.789
    Latitude
    46.8058
    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
    $6,223
    $27,250
    $200,200
    $227,450
    -
    $54,500
    $400,400
    $454,900

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    210 Main Ave
    Bismarck, ND 58501-3848
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    Realmo Value Estimation

    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.

    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.

    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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