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Property profile & analytics
OFF-MARKET
Retail space
323 1st St Bismarck, ND 58501-3814
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US56-0332906
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1919
Construction
FRAME
Total area
1,104 SF
Lot
0.11 ac (5,000 SF)
Zoning code
DF
APN
0001-110-055
UPID
US56-0332906
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
-
Salon+Co Hair Salon Nail Salon
-
Avery’s Medspa Spa & Massage Center Alternative Medicine Practice
-
Sharp Men's Salon Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
323 Salon Cmpanies LLC · 3 yrs held
323 Salon Cmpanies LLC
since 2022
Last sale
$350,000
6 recorded transactions
Zoning & alternative use
DF · Bismarck, ND
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,222
Tax year 2023
Assessed value
$108,200
Assessed 2023
Previous assessed
$109,650
-1.3% YoY
Effective rate
2.98%
On assessed value
Assessed land
$33,100
Assessed improvement
$75,100
Land market value
$66,200
Improvement market value
$150,200
Total market value
$216,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1919
Construction
FRAME
Stories
1
Rooms
8
Bathrooms
2
Total area
1,104 SF
Lot
0.11 ac (5,000 SF)
Zoning code
DF
APN
0001-110-055
UPID
US56-0332906
Jurisdiction
BURLEIGH
Zoning & alternative use
DF · Bismarck, ND
Zoning DF · permitted uses
DF · Bismarck, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bismarck. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1919
Construction
FRAME
Stories
1
Rooms
8
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
323 Salon Cmpanies LLC
Entity
Mailing address
3065 FINLEY ST, LINCOLN, ND 58504-9246
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
$350,000
323 Salon Cmpanies LLC
Waters Properties LLC
Warranty Deed
$365,500 · First Western Bank & Trust
Nov 19, 2021
$275,000
Waters Properties LLC
Valerie Walters
Warranty Deed
$247,500 · Capital Cu
Apr 20, 2021
—
Valerie Walters
Marlon Walters
Intrafamily Transfer
related
—
Feb 5, 2018
$175,000
Marlon Walters
Kathryn Aitchison
Warranty Deed
$140,000 · Gate City Bank
Oct 30, 2015
—
Kathryn Aitchison
Betty L Mills
Warranty Deed
$120,000 · Capital Cu
Aug 27, 2012
—
Betty L Mills
Sharon A Wolf
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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