Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2435 Skylark Ave Bismarck, ND 58504-7590

    • Office Properties & Spaces
    • 8,730 SF
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0197588
    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

    • AAA Streyle Masonry / General Contractor / Construction Company

    Property Details for 2435 Skylark Ave

    Year built
    2006
    Property size
    8,730 SF
    Property type
    Office Properties & Spaces
    APN
    38-138-80-64-04-050
    APU
    38138806404050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $681,000
      Market price range: $682k - $2.04M
      AI Estimate
      $372,000
      Market price range: $371k - $1.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.755
    Latitude
    46.7517
    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
    $6,070
    $0.00
    $0.00
    $260,050
    -
    $0.00
    $0.00
    $520,100

    Comparable in this City

    • Value Estimation
      $755,000
      6,167 SF

      410 2nd St

      OFFICE (GENERAL) • 6,167 SF
      410 2nd St, Bismarck, ND 58504-5534
      View Details
    • Value Estimation by Request
      1,108 SF

      217 Mandan St

      OFFICE (GENERAL) • 1,108 SF
      217 Mandan St, Bismarck, ND 58504-5516
      View Details
    • Value Estimation by Request
      1.19 Acres

      400 Frnt Ave

      OFFICE (GENERAL) • 1.19 Acres
      400 Frnt Ave, Bismarck, ND 58504-5641
      View Details
    • Value Estimation by Request
      4,640 SF

      2328 Skyhawk Ave

      OFFICE (GENERAL) • 4,640 SF
      2328 Skyhawk Ave, Bismarck, ND 58504-7649
      View Details
    • Value Estimation
      $1,020,000
      13,340 SF

      1300 Basin Ave

      OFFICE (GENERAL) • 13,340 SF
      1300 Basin Ave, Bismarck, ND 58504-6963
      View Details
    • Value Estimation
      $575,000
      7,345 SF

      1507 Continental Ave

      OFFICE (GENERAL) • 7,345 SF
      1507 Continental Ave, Bismarck, ND 58504-6942
      View Details

    Similar Nearby for Sale

    • $825,000
      5,517 SF

      Bismarck Office Condo - 5,517 SF

      Prime Bismarck office space, high-end finishes.
      931 9Th St, Bismarck, ND 58504
      View Details
    • $5,000,000
      23,020 SF

      Bismarck Class A Office Building

      23,020 SF, $5M, Prime Location
      812 Burlington Dr, Bismarck, ND 58504
      View Details
    • $920,000
      8,146 SF

      Versatile Commercial Space in Bismarck

      Flexible 8,146 sq ft commercial space for sale.
      1100 Basin Ave, Bismarck, ND 58504
      View Details
    • $306,000

      Airway Project Shop Condominiums

      Condo shop units with fenced storage in south Bismarck.
      3212 Airway Ave, Bismarck, ND 58504
      View Details
    • $3,000,000

      Bismarck Riverfront Commercial Land

      176 Acres, Missouri River Access, $3M
      0 Washington St, Bismarck, ND 58504
      View Details
    • $282,000
      2,000 SF

      Bismarck Industrial Condo - $282K

      2,000 sq ft Warehouse Condo, Great Location
      1409 Lockheed Dr 16, Bismarck, ND 58504
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,517 SF

      Bismarck Executive Office Suite

      5,517 SF Office Space Available
      931 9Th St, Bismarck, ND 58504
      View Details
    • Contact for pricing
      130 SF

      Bismarck Office Space for Lease

      Prime Bismarck Office, Single Tenancy
      424 3Rd St, Bismarck, ND 58504
      View Details
    • $15 SF/Yr
      18,986 SF

      Downtown Bismarck Medical Office

      Prime Medical Space Available Now
      1310 Main Ave, Bismarck, ND 58504
      View Details
    • $20 SF/Yr
      23,020 SF

      Bismarck Office Space for Lease

      Modern Office Suites, Flexible Sizes
      812 Burlington Dr, Bismarck, ND 58504
      View Details
    • $12 SF/Yr
      3,600 SF

      Versatile Flex Space Available

      Adaptable 3,600 SF flex space with showroom potential.
      2385 Vermont Ave, Bismarck, ND 58504
      View Details
    • $9,506 /Mo
      7,072 SF

      Versatile Flex Space Available

      7,072 SF flex space for lease in Lincoln, ND.
      6824 28Th Ave SE, Lincoln, ND 58504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2435 Skylark Ave
    Bismarck, ND 58504-7590
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.