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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2900 Washington St Bismarck, ND 58503-0289

    • Banks
    • 4,786 SF
    • 2.47 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0644964
    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

    • Starion Insurance / Insurance Agency
    • Starion Bank - Bismarck North / Bank
    • Starion Investment Services / Financial Planner

    Property Details for 2900 Washington St

    Year built
    1985
    Lot size
    2.47 lot acres
    Property size
    4,786 SF
    Zone code
    CA
    Property type
    Banks
    APN
    0760-002-135
    APU
    760002135

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $663,000
      Market price range: $192k - $663k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $440,000
      Current use
      RETAIL STORES
      $620,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $415,000
      Change: -6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $400,000
      Change: -9% Conversion: Difficult
      WAREHOUSE, STORAGE
      $370,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.795
    Latitude
    46.8388
    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
    $38,812
    $431,000
    $879,000
    $1,310,000
    -
    $862,000
    $1,758,000
    $2,620,000

    Comparable in this City

    • Value Estimation
      $365,000
      4,860 SF

      3201 Weiss Ave

      FINANCIAL BUILDING • 4,860 SF
      3201 Weiss Ave, Bismarck, ND 58503-1274
      View Details
    • Value Estimation
      $485,000
      6,255 SF

      1615 Burnt Boat Dr

      FINANCIAL BUILDING • 6,255 SF
      1615 Burnt Boat Dr, Bismarck, ND 58503-0815
      View Details
    • Value Estimation
      $515,000
      8,306 SF

      1101 Interstate Ave

      FINANCIAL BUILDING • 8,306 SF
      1101 Interstate Ave, Bismarck, ND 58503-0554
      View Details
    • Value Estimation
      $615,000
      4,923 SF

      1550 Burnt Boat Dr

      FINANCIAL BUILDING • 4,923 SF
      1550 Burnt Boat Dr, Bismarck, ND 58503-0814
      View Details
    • Value Estimation
      $440,000
      2,473 SF

      3204 Yorktown Dr

      FINANCIAL BUILDING • 2,473 SF
      3204 Yorktown Dr, Bismarck, ND 58503-8541
      View Details
    • Value Estimation
      $1,110,000
      34,917 SF

      2911 14th St

      FINANCIAL BUILDING • 34,917 SF
      2911 14th St, Bismarck, ND 58503-0659
      View Details

    Similar Nearby for Sale

    • $1,200,000
      12,500 SF

      Fully Leased Retail Property

      Fully leased retail property in a great north location.
      1003 E Interstate Ave, Bismarck, ND 58503
      View Details
    • $2,400,000
      22,300 SF

      Retail Property with Highway Exposure

      Retail property with leases, large parking, and highway exposure.
      1035-1051 E Interstate Ave, Bismarck, ND 58503
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    • $1,652,906
      3.89 Acres

      Bismarck Development Land - 3.89 Acres

      Prime Bismarck development site, 3.89 acres, ideal for various uses.
      2710 Country West Rd, Bismarck, ND 58503
      View Details
    • $1,432,860
      71,643 SF

      Commercial Land in East Bismarck

      Commercial development land in a rapidly developing mixed-use retail center.
      3024 Yorktown Dr, Bismarck, ND 58503
      View Details
    • $382,968

      Bismarck Land For Sale

      Commercial and multi-family land in established residential and retail area.
      4113 Coleman St, Bismarck, ND 58503
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    • $99,900

      Residential Land in Promontory Subdivision

      Residential land for custom home in Promontory subdivision.
      4113 Clairmont Rd, Bismarck, ND 58503
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      114,102 SF

      Bismarck Retail Space Available

      Prime Bismarck retail space, multiple units.
      1207 Interstate Ave, Bismarck, ND 58503
      View Details
    • $16 SF/Yr
      1,985 SF

      Retail Space Available for Lease

      1,985 SF retail space available for lease March 1st.
      109 E Century Ave, Bismarck, ND 58503
      View Details
    • $20 SF/Yr
      1,620 SF

      Retail Space on State Street

      End-cap retail space with excellent signage opportunities available for rent.
      1304 E Century Ave, Bismarck, ND 58503
      View Details
    • $28 SF/Yr
      1,437 SF

      Retail Space in Sunrise Square

      Retail space available in a mixed-use development.
      3001 Yorktown Dr, Bismarck, ND 58503
      View Details
    • $1,400,000
      9,900 SF

      Heated/Cooled Warehouse with Showroom

      9,900 SF warehouse with showroom and ample parking.
      1414 Interstate Loop, Bismarck, ND 58503
      View Details
    • $18 SF/Yr
      5,000 SF

      Retail Space Near Interstate 94

      Retail spaces available near I-94 with high visibility.
      2306 Clydesdale Dr, Bismarck, ND 58503
      View Details
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    2900 Washington St
    Bismarck, ND 58503-0289
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    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
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