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Property profile & analytics
OFF-MARKET Estimated value $1,335,000
Strip malls

401 Main Ave Bismarck, ND 58501

9,297 SF 1.19 ac lot Built 1901
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US56-0502048
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1901
Total area 9,297 SF
Lot 1.19 ac (51,619 SF)
Zoning code DC
APN 0001-010-001
UPID US56-0502048
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
  • Bismarck parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.72M
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$1.34M
Owner & transaction history
Downtown Depot LLC · 4 yrs held
Downtown Depot LLC
since 2022
7 recorded transactions
2023
Price N/A
2022
$2.3M
2022
$2.3M
2020
Price N/A
2020
Price N/A
2020
Price N/A
2018
Price N/A
Zoning & alternative use
DC · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

commercial message. The following provisions must be met only in the DC - Downtown Core and DF - Downtown Fringe zoning districts: i. All Downtown Design Review procedures shall be followed for any installation of public art. ii. The public art is not installed on any side of a building directly adjacent to a public right-of-way, excluding alleys. iii. The p…

Zone name Downtown Core
General category MIXED_USE
Zone area 131.15 ac
Source TABLE OF CONTENTS
Top alternative use upside
Commercial (general) $1.4M +8.1%
Retail stores $1.4M +6.7%
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