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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Research & development properties
2720 Paintball Way Bismarck, ND 58504-2501
Entity Owned
~
Est. High Equity
Property ID
US56-0536549
Property profile
Verified
Property type
Research & development properties
Use group
RECYCLING (METAL, PAPER, GLASS)
Year built
2013
Construction
FRAME
Total area
13,600 SF
APN
39-138-79-61-01-080
UPID
US56-0536549
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
-
Acme Storage Storage Facility
-
TWE3 Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Tahoe Properties LLC
Tahoe Properties LLC
since 2026
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,765,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,395,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,370,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,215,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,190,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,180,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.19M (Feb 20 2026)
Last sale anchor
$1.19M
Feb 20 2026
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
$88 / 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
$8,154
Tax year 2023
Assessed value
$474,500
Assessed 2023
Previous assessed
$448,150
+5.9% YoY
Effective rate
1.72%
On assessed value
Total market value
$949,000
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
Research & development properties
Use group
RECYCLING (METAL, PAPER, GLASS)
Status
Off-Market
Year built
2013
Construction
FRAME
Total area
13,600 SF
APN
39-138-79-61-01-080
UPID
US56-0536549
Jurisdiction
BURLEIGH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2013
Construction
FRAME
Current owner
From public records · entity-resolved
Tahoe Properties LLC
Entity
Mailing address
6821 ALEUTIAN DR, BISMARCK, ND 58503-6878
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$1,190,000
Tahoe Properties LLC
Greenhead Properties LLC
Warranty Deed
$860,000 · Bnc National Bank
Apr 29, 2024
—
Greenhrad Properties LLC
—
Deed
related
$584,352 · Gate City Bank
Mar 12, 2019
—
Greenhead Properties LLC
—
Deed
related
$640,000 · Gate City Bank
Feb 27, 2014
—
Greenhead Properties LLC
Mike Beiswenger
Warranty Deed
$677,936 · Dakota Community Bank & Trust NA
Dec 27, 2013
—
Mike Beiswenger
Bismarck Title Accommodation Co III
Quit Claim Deed
related
—
Oct 2, 2007
—
Acme Storage LLC
June Barnhardt
Warranty Deed
—
Jun 5, 2007
$75,000
Tom Mccone
Terrance G Mauch
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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