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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Auto shops
2129 Main Ave Bismarck, ND 58501-4937
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US56-0748897
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1952
Total area
6,000 SF
Lot
0.63 ac (27,385 SF)
Zoning code
MA
APN
0105-030-002
UPID
US56-0748897
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Tyre Mart (Bike/Boat/Book/etc) Store Auto Parts Store
-
Deals On Wheels Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
James Finch · 5 yrs held
James Finch
since 2020
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
MA · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
z. Data Center. A data center may be permitted in any MA district as a special use or any MB district as an administrative special use provided: 1. All data processing and storage is contained within a building constructed in compliance with the International Building Code and International Fire Code. 2. Written verification is submitted from the utility pro…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
3,534.34 ac
Source
TABLE OF CONTENTS
Top alternative use upside
Restaurant
$920,000
+83.2%
Commercial (general)
$580,000
+16.3%
Retail stores
$550,000
+9.6%
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
$765,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $600k (Oct 13 2020)
Last sale anchor
$600k
Oct 13 2020
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
$103 / 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
$7,551
Tax year 2023
Assessed value
$290,550
Assessed 2023
Previous assessed
$266,550
+9.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$101,500
Assessed improvement
$189,050
Land market value
$203,000
Improvement market value
$378,100
Total market value
$581,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1952
Total area
6,000 SF
Lot
0.63 ac (27,385 SF)
Zoning code
MA
APN
0105-030-002
UPID
US56-0748897
Jurisdiction
BURLEIGH
Zoning & alternative use
MA · Bismarck, NDZoning MA · permitted uses
MA · Bismarck, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
z. Data Center. A data center may be permitted in any MA district as a special use or any MB district as an administrative special use provided: 1. All data processing and storage is contained within a building constructed in compliance with the International Building Code and International Fire Code. 2. Written verification is submitted from the utility provider that sufficient capacity will be available to meet anticipated needs for electrical power. 3. Facilities are equipped with environmental controls to maintain the proper conditions for the operation of electronic equipment. 4. The applicant verifies at the time of application that all requirements of Chapter 8-10 (Noises) of the Bismarck Code of Ordinances will be met during operations, as measured from the property line of the subject parcel. Verification may be in the form of a noise study, manufacturer specifications, data from comparable facilities, or any combination thereof. aa. Agriculture Recreation, Major. Agriculture Recreation, Major may be permitted in any A - Agricultural district as a special use provided: 1. The use is ancillary to the primary agricultural use. 2. The lot in which the use is located is at least thirty -five (35) acres in area. 3. The lot in which the use is located is outside the Urban Service
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
3,534.34 ac
Source
TABLE OF CONTENTS
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$500,000
RESTAURANT
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$580,000
RETAIL STORES
Est. value
$550,000
MEDICAL BUILDING
Est. value
$550,000
INDUSTRIAL (GENERAL)
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$465,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$420,000
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1952
Lot
0.63 ac
Current owner
From public records · entity-resolved
James Finch
Individual
Mailing address
2908 46TH AVE SE, MANDAN, ND 58554-4722
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2020
$600,000
James Finch
David K Barth
Warranty Deed
$303,650 · Bnc National Bank
Aug 21, 2019
—
David K Barth
—
Deed
related
$10,000 · Dakota Community Bank & Trust NA
Jun 22, 2017
—
David K Barth
—
Deed
related
$246,851 · Dakota Community Bank & Trust NA
Jan 25, 2011
$20,000
David K Barth
John R Ohnstad
Warranty Deed
$220,000 · Northland Financial
Jan 25, 2011
—
John R Ohnstad
John R Ohnstad
Intrafamily Transfer
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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