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Property profile & analytics
OFF-MARKET Estimated value $3,865,000
Flex space

3420 Miriam Ave Bismarck, ND 58501-7907

42,200 SF 4 ac lot Built 2007
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US56-0626298
Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2007
Total area 42,200 SF
Lot 4 ac (174,240 SF)
Zoning code MA
APN 0906-001-100
UPID US56-0626298
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
  • Jerome Distributing Inc. Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.78M
Comparable Approach Comparable
$4.84M
Blend (final) Blend
$3.87M
Owner & transaction history
Jerome Properties LLP · 19 yrs held
Jerome Properties LLP
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
MA · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

z. Data Center. A data center may be permitted in any MA district as a special use or any MB district as an administrative special use provided: 1. All data processing and storage is contained within a building constructed in compliance with the International Building Code and International Fire Code. 2. Written verification is submitted from the utility pro…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 3,534.34 ac
Source TABLE OF CONTENTS
Top alternative use upside
Commercial (general) $6.3M +30.3%
Retail stores $6.2M +28.5%
Neighborhood: shopping center $5.8M +20.5%
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