Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    3607 Franklin Ave Bismarck, ND 58503

    • Warehouses
    • 12,320 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0531601
    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

    • Wallwork Truck / Warehouse

    Property Details for 3607 Franklin Ave

    Year built
    1974
    Lot size
    0.75 lot acres
    Property size
    12,320 SF
    Zone code
    MA
    Property type
    Warehouses
    APN
    0902-003-027
    APU
    902003027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $550,000
      Market price range: $550k - $1.42M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.734
    Latitude
    46.8392
    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
    $8,883
    $76,000
    $211,150
    $287,150
    -
    $152,000
    $422,300
    $574,300

    Comparable in this City

    • Value Estimation
      $425,000
      12,320 SF

      3521 Franklin Ave

      WAREHOUSE, STORAGE • 12,320 SF
      3521 Franklin Ave, Bismarck, ND 58503-0773
      View Details
    • Value Estimation
      $365,000
      6,720 SF

      3701 Franklin Ave

      WAREHOUSE, STORAGE • 6,720 SF
      3701 Franklin Ave, Bismarck, ND 58503
      View Details
    • Value Estimation
      $425,000
      7,440 SF

      3344 Saratoga Ave

      MINI-WAREHOUSE, STORAGE • 7,440 SF
      3344 Saratoga Ave, Bismarck, ND 58503
      View Details
    • Value Estimation
      $355,000
      3,840 SF

      3509 Saratoga Ave

      WAREHOUSE, STORAGE • 3,840 SF
      3509 Saratoga Ave, Bismarck, ND 58503
      View Details
    • Value Estimation
      $350,000
      5,022 SF

      3335 Saratoga Ave

      WAREHOUSE, STORAGE • 5,022 SF
      3335 Saratoga Ave, Bismarck, ND 58503-0777
      View Details
    • Value Estimation
      $390,000
      6,000 SF

      3355 Saratoga Ave

      WAREHOUSE, STORAGE • 6,000 SF
      3355 Saratoga Ave, Bismarck, ND 58503-0776
      View Details

    Similar Nearby for Sale

    • $1,800,000
      8,000 SF

      Bismarck Industrial Property with Leaseback

      8,000 SF shop on 13.9 acres with leaseback opportunity.
      5674 Centennial Rd, Bismarck, ND 58503
      View Details
    • $1,400,000
      9,900 SF

      Bismarck Warehouse - $1.4M

      9,900 SF Warehouse, Showroom, Ample Parking
      1414 Interstate Loop, Bismarck, ND 58503
      View Details
    • $1,700,000
      15.26 Acres

      Bismarck Industrial Land - 15 Acres

      Prime Bismarck industrial land, Hwy 83 access.
      0 19Th St, 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
    • $299,000
      2,100 SF

      Bismarck Shop Space For Sale

      2,100 SF shop space in North Bismarck, near I-94.
      3307 Hamilton St, Bismarck, ND 58503
      View Details
    • $5,500,000

      Bismarck Industrial Land - 72 Acres

      Prime Bismarck development land, Hwy 83 access.
      0 84Th Ave, Bismarck, ND 58503
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      18,720 SF

      Versatile Industrial Building with Vehicle Bay

      18,720 SF industrial building featuring vehicle and cold storage.
      4127 State St, Bismarck, ND 58503
      View Details
    • $1,400,000
      9,900 SF

      Heated/Cooled Warehouse with Showroom

      9,900 SF warehouse with showroom and ample parking.
      1414 Interstate Loop, Bismarck, ND 58503
      View Details
    • Contact for pricing
      5,313 SF

      Office and Shop Space Available

      Office and shop space available for lease in Bismarck.
      3320 Hamilton St, Bismarck, ND 58503
      View Details
    • $17 SF/Yr
      8,354 SF

      Bismarck Office Building - 8,354 SF

      Prime NW Bismarck office space, multiple tenants.
      1720 Burnt Boat Dr, Bismarck, ND 58503
      View Details
    • $420 /Mo
      5,000 SF

      Hay Creek Shops: Bismarck Retail Space

      Prime Bismarck retail, high traffic location
      1451 Lasalle Dr, Bismarck, ND 58503
      View Details
    • $21 SF/Yr
      1,400 SF

      Restaurant or Retail Space Available

      Restaurant-ready or retail space with open layout and storage.
      226 E Greenfield Ln, 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.
    3607 Franklin Ave
    Bismarck, ND 58503
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.