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

    3205 14th St Bismarck, ND 58503-0656

    • Hotels
    • 50,104 SF
    • 1.82 lot acres
    OFF-MARKET
    Last Sale
    Jul 20, 2022
    $5,106,000
    Value Estimations
    $5,670,000
    Show details
    Cap Rate Potential
    4.1%
    Hotels
    Location Intelligence
    Property ID
    US56-0228740
    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

    • Country Inn & Suites by Radisson Bismarck Waterpark / Hotel & Motel

    Property Details for 3205 14th St

    Year built
    1997
    Lot size
    1.82 lot acres
    Property size
    50,104 SF
    Zone code
    CG
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1180-001-005
    APU
    1180001005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,635,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,235,000
      6.5%
      $4,835,000
      7%
      $4,490,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,485,000
      RESTAURANT
      $4,565,000
      MEDICAL BUILDING
      $4,340,000
      INDUSTRIAL (GENERAL)
      $4,300,000
      AUTO REPAIR, GARAGE
      $4,185,000
      WAREHOUSE, STORAGE
      $3,890,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,610,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.771
    Latitude
    46.8412
    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
    $60,364
    $440,850
    $1,881,750
    $2,322,600
    -
    $881,700
    $3,763,500
    $4,645,200

    Comparable in this City

    • Value Estimation
      $600,000
      90,371 SF

      1030 Interstate Ave

      HOTEL/MOTEL • 90,371 SF
      1030 Interstate Ave, Bismarck, ND 58503-0596
      View Details
    • Value Estimation
      $1,820,000
      28,806 SF

      2640 Centennial Rd

      HOTEL/MOTEL • 28,806 SF
      2640 Centennial Rd, Bismarck, ND 58503-0715
      View Details
    • Value Estimation
      $3,045,000
      52,693 SF

      4400 Skyline Crossings

      HOTEL/MOTEL • 52,693 SF
      4400 Skyline Crossings, Bismarck, ND 58503-1237
      View Details
    • Value Estimation
      $600,000
      39,432 SF

      929 Gtwy Ave

      HOTEL/MOTEL • 39,432 SF
      929 Gtwy Ave, Bismarck, ND 58503-0506
      View Details
    • Value Estimation
      $2,575,000
      45,203 SF

      3001 15th St

      HOTEL/MOTEL • 45,203 SF
      3001 15th St, Bismarck, ND 58503-0663
      View Details
    • Value Estimation
      $3,895,000
      69,470 SF

      3903 State St

      HOTEL/MOTEL • 69,470 SF
      3903 State St, Bismarck, ND 58503-2010
      View Details

    Similar Nearby for Sale

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      North Bismarck Commercial Land

      Prime development land, high visibility.
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    • Contact for pricing
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      Prime North Bismarck commercial land, ideal for development.
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      Bismarck Industrial Land - 15 Acres

      Prime Bismarck industrial land, Hwy 83 access.
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    • Contact for pricing

      Bismarck Commercial Land - $24M

      High-visibility corner lot, prime location.
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    Similar Nearby for Lease

    • $16 SF/Yr
      1,935 SF

      Executive Suite Office Space for Lease

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    • Contact for pricing
      114,102 SF

      Bismarck Retail Space Available

      Prime Bismarck retail space, multiple units.
      1207 Interstate Ave, Bismarck, ND 58503
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    • $21 SF/Yr
      13,800 SF

      Bismarck Creative Office Space

      Modern, Multi-Use Office Suites in ND
      208 Greenfield Ln, Bismarck, ND 58503
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    • $600 /Mo

      North Bismarck Office Space Available

      Office space for lease in North Bismarck, 520 square feet.
      1424 W Century Ave, Bismarck, ND 58503
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    • $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
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    Bismarck, ND 58503-0656
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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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