Financial
Distress signals
Property profile

402 E Main Ave Bismarck, ND 58501

FOR LEASE
Retail space
Property ID
US56-0555015
25,550 SF 0.3 ac lot Built 1913
Last sale Jun 2022 · $3,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 402 E Main Ave, Bismarck, North Dakota includes a second-level creative suite with an open-plan layout in shell condition. The suite features exposed original brick walls, 10-foot ceilings, and daylight windows for natural illumination. A single office configuration is included to provide a mix of private space and open work area. Access is provided via building elevator and stairs, and common restrooms are available with usage approval. The suite also presents a configurable

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$735k
Assessed land$102k
Assessed improvement$633k
Effective rate2.74%

Value estimate

· Sep 2026
$4.49M
$4.04M – $4.93M
AI approach$4.67M
Sales comparison$2.89M
NOI build-up
Gross scheduled income$144k
Vacancy & credit loss−$4k
Operating expenses−$42k
NOI · 818,708.33% cap applied$98k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$147/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$113 – $191

Cap rate analysis

How does the asset earn?
818,708.33%
$98k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DC
The purpose of the Downtown Core District is to preserve and enhance the mixed-use, pedestrian-oriented nature of the City downtown area
General categoryMIXED_USE
JurisdictionBURLEIGH

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.5
Locksmith9.1
Shoe Repair8.6

Location

402 E Main Ave Bismarck, ND 58501
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
112 5th, Bismarck, ND 58501-4084 $1,000,000 Aug 2024 28,000 SF
2306 Broadway, Bismarck, ND 58501-4932 $600,000 Apr 2023 9,800 SF
1503 Broadway, Bismarck, ND 58501-4667 $1,880,000 Jul 2022 15,625 SF
1190 Tpke, Bismarck, ND 58501-1300 $5,400,000 May 2022 55,629 SF
3801 Rosser, Bismarck, ND 58501-3308 $3,650,000 Nov 2020 7,110 SF
1806 12th, Bismarck, ND 58501-1979 $2,442,750 Aug 2020 22,438 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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