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Property profile & analytics
OFF-MARKET
Retail space
214 Main Ave Bismarck, ND 58501-4180
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US56-0489979
Property summary
AI-generated overview
This exceptional Bismarck, ND retail property, located at 214 & 214 1/2 E Main Ave, offers two available suites totaling 2,000 square feet of vacant space within a 2,994 square foot building. Situated on a 6,500 square foot lot, this single-story, 1927-built structure is zoned DC - Downtown Core (APN: 0001-052-030). Each suite offers a minimum of 1,000 square feet and a maximum contiguous space of 2,000 square feet, providing flexibility for various business needs. The property boasts a prime Main Avenue location, ensuring high visibility and foot traffic. Open floor plans allow for customizable layouts to suit individual business requirements. The estimated Net, Net, Net (NNN) rent is $1.74 per square foot per unit, with estimated utilities at $120.00 per unit per month. This presents a unique opportunity to establish a strong presence in the heart of Bismarck's vibrant downtown area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1927
Total area
2,994 SF
Lot
0.15 ac (6,500 SF)
Zoning code
DC
APN
0001-052-030
UPID
US56-0489979
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
-
DallasLee Boutique Clothing & Fashion Store
-
Hiccups (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vold Tire Company LLC · 13 yrs held
Vold Tire Company LLC
since 2013
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.
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,376
Tax year 2023
Assessed value
$164,950
Assessed 2023
Previous assessed
$167,200
-1.3% YoY
Effective rate
2.65%
On assessed value
Assessed land
$52,000
Assessed improvement
$112,950
Land market value
$104,000
Improvement market value
$225,900
Total market value
$329,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1927
Total area
2,994 SF
Lot
0.15 ac (6,500 SF)
Zoning code
DC
APN
0001-052-030
UPID
US56-0489979
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
1927
Lot
0.15 ac
Current owner
From public records · entity-resolved
Vold Tire Company LLC
Entity
Mailing address
360 32ND AVE W APT #505, WEST FARGO, ND 58078-2947
Ownership since
2013
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
Sep 13, 2017
—
Vold Tire Compnay LLC
—
Deed
related
$486,750 · Horizon Financial Bank
Dec 12, 2016
—
Vold Tire Company LLC
—
Deed
related
$562,500 · Horizon Financial Bank
Feb 25, 2013
—
Vold Tire Company LLC
Rolf Eggers
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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