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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Turn key restaurants
408 Main Ave, Bismarck, ND 58501-4042
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US56-0433067
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1905
Total area
12,058 SF
Lot
0.15 ac (6,500 SF)
Zoning code
DC
APN
0001-048-040
UPID
US56-0433067
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
-
Blarney Stone Pub- Bismarck Nightclub Bar & Pub
-
WeeklyIn-come Corporate Office Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$745k
Owner & transaction history
161 Commercial LLC · 9 yrs held
161 Commercial LLC
since 2016
7 recorded transactions
Zoning & alternative use
DC · 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
Method
Estimation
Statistic approach
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$745k
Range $671k – $820k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
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
$16,606
Tax year 2023
Assessed value
$638,950
Assessed 2023
Previous assessed
$743,900
-14.1% YoY
Effective rate
2.60%
On assessed value
Assessed land
$52,000
Assessed improvement
$586,950
Land market value
$104,000
Improvement market value
$1,173,900
Total market value
$1,277,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1905
Total area
12,058 SF
Lot
0.15 ac (6,500 SF)
Zoning code
DC
APN
0001-048-040
UPID
US56-0433067
Jurisdiction
BURLEIGH
Zoning & alternative use
DC · Bismarck, ND
Zoning DC · permitted uses
DC · 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
1905
Lot
0.15 ac
Current owner
From public records · entity-resolved
161 Commercial LLC
Entity
Mailing address
408 E MAIN AVE, BISMARCK, ND 58501-4042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
—
Slainte Holdings LLP
—
Deed
related
$5,684,000 · Security First Bank Of North Dakota
Sep 1, 2016
—
161 Commercial LLC
Mark Swenson
Warranty Deed
—
Jan 16, 2015
—
Trenton Street Partners LLP
Kim O'leary
Warranty Deed
—
Oct 31, 2012
—
Trenton Street Partners LLP
Otto W Dohm
Warranty Deed
$1,362,912 · Dakota Community Bank & Trust NA
Sep 13, 2012
—
Trenton Street Parnters LLP
Geirger Construction & Development
Warranty Deed
—
Mar 16, 2009
$230,000
Kevin J Horneman
Henry W Shiu
Warranty Deed
—
Mar 16, 2009
—
Cig Investments LLP
Kevin J Horneman
Warranty Deed
$152,098 · Cig Investments LLP
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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