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

    3131 Weiss Ave Bismarck, ND 58503-1200

    • Retail space
    • 6,846 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Oct 02, 2023
    $1,000,000
    Value Estimations
    $1,330,000
    Show details
    Cap Rate Potential
    6.8%
    Retail space
    Location Intelligence
    Property ID
    US56-0357428
    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

    • Captain Jack's Liquor Land / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 3131 Weiss Ave

    Year built
    2002
    Lot size
    0.59 lot acres
    Property size
    6,846 SF
    Zone code
    CG
    Property type
    Retail space
    APN
    1350-002-025
    APU
    1350002025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,300,000
      ML approach
      $1,360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,475,000
      6.5%
      $1,360,000
      7%
      $1,265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,570,000
      Market price range: $1.16M - $1.57M
      AI Estimate
      $1,301,000
      Market price range: $473k - $1.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,205,000
      Current use
      COMMERCIAL (GENERAL)
      $1,075,000
      Change: -11% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $990,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.774
    Latitude
    46.8411
    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
    $19,910
    $209,800
    $551,400
    $761,200
    -
    $419,600
    $1,102,800
    $1,522,400

    Comparable in this City

    • Value Estimation by Request
      114,102 SF

      1207 Interstate Ave

      Individual retail properties • 114,102 SF
      1207 Interstate Ave, Bismarck, ND 58503
      View Details
    • Value Estimation by Request
      2,000 SF

      7107 19th St, Unit 208

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      7107 19th St, Bismarck, ND 58503-1741
      View Details
    • Value Estimation by Request
      1,536 SF

      3449 149th NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,536 SF
      3449 149th NW Ave, Bismarck, ND 58503-8577
      View Details
    • Value Estimation
      $2,975,000
      32,370 SF

      4615 Ottawa St

      RETAIL STORES (PERSONAL SERVICES) • 32,370 SF
      4615 Ottawa St, Bismarck, ND 58503-6106
      View Details
    • Value Estimation by Request
      2,000 SF

      7107 19th St, Unit 102

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      7107 19th St, Bismarck, ND 58503-1741
      View Details
    • Value Estimation by Request
      2,000 SF

      7107 19th St, Unit 206

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      7107 19th St, Bismarck, ND 58503-1741
      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
    • $2,758,560

      Bismarck Commercial Land Outlots

      High-traffic, prime commercial land
      6503 Yukon Dr, Bismarck, ND 58503
      View Details
    • $707,416

      Bismarck Industrial Land For Sale

      Prime 2-Acre Industrial Flex Lot
      2045 71St Ave, Bismarck, ND 58503
      View Details
    • $1,130,700

      Bismarck Commercial Land Outlot

      High-traffic Bismarck commercial land.
      1005 64Th Ave, Bismarck, ND 58503
      View Details
    • Contact for pricing
      32.40 Acres

      Bismarck Commercial Land Opportunity

      32.4 Acres, Prime North Bismarck Location
      5900 Yukon Dr, Bismarck, ND 58503
      View Details
    • $1,543,200
      1.18 Acres

      Bismarck Commercial Land - $1.5M

      High-visibility 1.18-acre lot, prime location.
      4112 Skyline Xing, Bismarck, ND 58503
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • $15 SF/Yr
      1,734 SF

      Retail Space with Open Floorplan

      Retail space featuring an open floor plan and parking.
      1035-1045 E Interstate Ave, 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
    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.
    3131 Weiss Ave
    Bismarck, ND 58503-1200
    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.