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Property profile & analytics
OFF-MARKET Estimated value $535,000
Turn key restaurants

218 3rd St Bismarck, ND 58504-5517

6,350 SF 0.55 ac lot Built 1947
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US56-0358067
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Total area 6,350 SF
Lot 0.55 ac (23,900 SF)
Zoning code DF
APN 0001-049-030
UPID US56-0358067
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
  • Force Cash Advance Loan Service
  • Buffalo Wild Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$583k
Blend (final) Blend
$535k
Owner & transaction history
Bertsch Properties LLC
Bertsch Properties LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
DF · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Downtown Core and DF - Downtown Fringe zoning districts: i. All Downtown Design Review procedures shall be followed for any installation of public art. ii. The public art is not installed on any side of a building directly adjacent to a public right-of-way, excluding alleys. iii. The public art is not installed on a vacant building or within a vacant lot or…

Zone name Downtown Fringe
General category COMMERCIAL
Zone area 63.45 ac
Source TABLE OF CONTENTS
Top alternative use upside
Industrial (general) $825,000 +28.5%
Auto repair, garage $650,000 +1.6%
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