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Financial
Distress signals
Property profile

2718 Gateway Ave Bismarck, ND 58503

FOR LEASE
Other office properties
Property ID
US56-0342697
9,922 SF 0.64 ac lot Built 1986
Last sale Oct 2021 · $740,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office suite within the Gateway Office Building and includes a reception area along with three private offices. Each office is equipped with large windows for natural light. The suite has an in-unit restroom and a separate storage room. The building is located near Gateway Mall and provides access to State Street, Century Avenue, and Interstate 94.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$607k
Assessed land$103k
Assessed improvement$504k
Effective rate2.60%

Value estimate

· Oct 2026
$770k
$693k – $847k
AI approach$745k
Submarket $/SF estimate$1.03M
NOI build-up
Gross scheduled income$19k
Vacancy & credit loss−$3k
Operating expenses−$4k
NOI · 1,133.55% cap applied$12k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$157/SF
Submarket average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$78 – $234

Cap rate analysis

How does the asset earn?
1,133.55%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RT
The RT residential district is established as a district in which the use of land is high density residential uses and limited business d...
General categoryMIXED_USE
JurisdictionBURLEIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath11.0
Electrical Service9.7
Garden Center9.5

Location

2718 Gateway Ave Bismarck, ND 58503
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1640 Burnt Boat, Bismarck, ND 58503-0802 $1,500,000 Dec 2022 10,014 SF
1400 Century, Bismarck, ND 58503-0915 $3,200,000 Sep 2022 15,969 SF
1424 Century, Bismarck, ND 58503-0917 $3,200,000 Sep 2022 6,000 SF
1930 Burnt Boat, Bismarck, ND 58503-0805 $1,900,000 Aug 2021 6,377 SF
1800 Burnt Boat, Bismarck, ND 58503-0803 $2,398,563 Apr 2021 11,714 SF
4719 Shelburne, Bismarck, ND 58503-5676 $32,000,000 Sep 2019 9,792 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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