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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2129 Main Ave Bismarck, ND 58501-4937

    • Auto shops
    • 6,000 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Oct 13, 2020
    $600,000
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0748897
    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

    • U-Haul Neighborhood Dealer / Truck Rental Agency / Van Rental Agency
    • Tyre Mart / Tire Shop
    • Deals On Wheels / Motor Vehicle Dealer

    Property Details for 2129 Main Ave

    Year built
    1952
    Lot size
    0.63 lot acres
    Property size
    6,000 SF
    Zone code
    MA
    Property type
    Auto shops
    APN
    0105-030-002
    APU
    105030002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $805,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $500,000
      Current use
      RESTAURANT
      $920,000
      Change: +83% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $580,000
      Change: +16% Conversion: Moderate
      RETAIL STORES
      $550,000
      Change: +10% Conversion: Difficult
      MEDICAL BUILDING
      $550,000
      Change: +10% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $490,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $465,000
      Change: -7% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $420,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.759
    Latitude
    46.8048
    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
    $7,551
    $101,500
    $189,050
    $290,550
    -
    $203,000
    $378,100
    $581,100

    Comparable in this City

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      $1,050,000
      25,000 SF

      3935 Dv Ave

      AUTO REPAIR, GARAGE • 25,000 SF
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    • Value Estimation
      $1,285,000
      21,215 SF

      1889 Revere Dr

      AUTO REPAIR, GARAGE • 21,215 SF
      1889 Revere Dr, Bismarck, ND 58501-7942
      View Details
    • Value Estimation
      $655,000
      13,635 SF

      1910 Hancock Dr

      AUTO REPAIR, GARAGE • 13,635 SF
      1910 Hancock Dr, Bismarck, ND 58501-7908
      View Details
    • Value Estimation by Request
      1,520 SF

      2405 Main Ave

      AUTO REPAIR, GARAGE • 1,520 SF
      2405 Main Ave, Bismarck, ND 58501-5040
      View Details
    • Value Estimation by Request
      7,200 SF

      2500 Railroad Ave

      AUTO REPAIR, GARAGE • 7,200 SF
      2500 Railroad Ave, Bismarck, ND 58501-5071
      View Details
    • Value Estimation
      $1,555,000
      46,006 SF

      2000 Industrial Dr

      AUTO REPAIR, GARAGE • 46,006 SF
      2000 Industrial Dr, Bismarck, ND 58501-2508
      View Details

    Similar Nearby for Sale

    • $1,450,000
      9,990 SF

      Profitable Auto Shop For Sale

      Established auto shop with future bookings and expansion potential.
      231 S 22Nd St, Bismarck, ND 58501
      View Details
    • $6,000,000
      51,419 SF

      Bismarck Shopping Center For Sale

      86% occupied shopping center in central Bismarck location.
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    • $1,200,000
      6,570 SF

      Downtown Bismarck Storefront Retail

      Prime Bismarck location, 6,570 sq ft retail space.
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      12,922 SF

      Downtown Bismarck Mixed-Use Gem

      Historic 3-story building, 100% occupied
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      Bismarck Mixed-Use Complex

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      Prime retail space, high visibility, full basement.
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    Similar Nearby for Lease

    • $12 SF/Yr
      1,500 SF

      Downtown Bismarck Office Space

      1500 SF Office, Prime Location
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    • $13 SF/Yr
      3,880 SF

      Downtown Bismarck Office Building

      Prime Bismarck Office, Drive-Thru, Parking
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    • $15 SF/Yr
      3,740 SF

      Downtown Retail/Professional Space Available

      Main floor retail/professional space with great visibility and signage.
      515 E Broadway Ave, Bismarck, ND 58501
      View Details
    • $2,800 /Mo
      4,370 SF

      Renovated Retail Space with Garage

      Retail property featuring historic details, modern amenities, and garage access.
      114 N 4Th St, Bismarck, ND 58501
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    • $10 SF/Yr

      Downtown Bismarck Commercial Leasing Opportunity

      Commercial space in thriving Downtown Bismarck, suitable for various businesses.
      112 N 5Th St, Bismarck, ND 58501
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    • $21 SF/Yr
      29,064 SF

      Downtown Bismarck Office Building

      Prime Office & Retail Space, Downtown Bismarck
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      View Details
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    2129 Main Ave
    Bismarck, ND 58501-4937
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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