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Property profile & analytics
OFF-MARKET Estimated value $590,000
Banks

2112 12th St Bismarck, ND 58501-1906

6,075 SF 0.66 ac lot Built 2008
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US56-0291574
Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2008
Total area 6,075 SF
Lot 0.66 ac (28,532 SF)
Zoning code CG
APN 0646-001-001
UPID US56-0291574
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
  • Cornerstone Bank Bank Loan Service
  • Dacotah Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$620k
Blend (final) Blend
$590k
Owner & transaction history
The Bourous Group LLP · 3 yrs held
The Bourous Group LLP
since 2022
3 recorded transactions
2022
Price N/A
2022
Price N/A
2009
Price N/A
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

14-04-12. CG Commercial District . In any CG commercial district , the following regulations shall apply: 1. General description. The CG commercial district is a heavy commercial area located outside the central business district to provide commerce and service to the City of Bismarck and surrounding regional market. The CG commercial district is established…

Zone name Heavy Commercial
General category COMMERCIAL
Zone area 2,214.40 ac
Source TABLE OF CONTENTS
Top alternative use upside
Restaurant $930,000 +66.5%
Commercial (general) $590,000 +5.7%
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