3102 Yorktown Dr Bismarck, ND 58503-8542
Property Lookup
Property profile & analytics
3102 Yorktown Dr Bismarck, ND 58503-8542
- Drive through restaurants
- 4,475 SF
- 1.07 lot acres
Property ID
US56-0565891
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.
Location Intelligence
Current Use by Public Records
- Burger King / Restaurant
Property Details for 3102 Yorktown Dr
- Year built
- 2017
- Lot size
- 1.07 lot acres
- Property size
- 4,475 SF
- Zone code
- CG
- Property type
- Drive through restaurants
- APN
- 2135-001-050
- APU
- 2135001050
Description
This exceptional investment opportunity presents a 3,788 square foot Burger King located at 3102 Yorktown Drive, Bismarck, North Dakota. The property boasts a 13.1-year remaining lease term (expiring 12/31/2037), commencing January 26, 2024, structured as an absolute NNN lease with annual percentage rent increases. The property's strong financial performance is reflected in a 6.00% cap rate and a Net Operating Income (NOI) of $90,191. The asking price is $1,503,190, translating to $396.83 per square foot. Built in 2017, this single-tenant property sits on a 1.03-acre lot and enjoys 100% occupancy. Its prime location within a thriving commercial corridor benefits from high visibility and accessibility, with over 25,000 vehicles passing daily. The property's proximity to Bismarck State College and Sanford Health ensures consistent customer traffic, further enhanced by its established retail environment surrounded by national brands such as Costco, Walmart, and Kohl's. The lease includes four 5-year renewal options, providing long-term investment security. The investment is further strengthened by strong dual personal guarantees from experienced operators with a proven financial history. This offers a stable and secure investment opportunity with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $625,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $478,000
Market price range: $293k - $627k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $410,000 Current use
- RETAIL STORES
- $580,000 Change: +42% Conversion: Easy
- MEDICAL BUILDING
- $390,000 Change: -5% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $375,000 Change: -8% Conversion: Difficult
- WAREHOUSE, STORAGE
- $345,000 Change: -15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.73
- Latitude
- 46.8396
- 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
$31,191
$301,050
$563,200
$864,250
-
$602,100
$1,126,400
$1,728,500
