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Property profile & analytics

409 22nd St Bismarck, ND 58504-6104

  • Commercial real estate
  • 6,050 SF
  • 0.42 lot acres
OFF-MARKET
Last Sale
Apr 20, 2022
$620,000
Value Estimations
$605,000
Show details
Cap Rate Potential
4.9%
Commercial real estate
Location Intelligence
Property ID
US56-0529774
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

  • Commercial real estate

Property Details for 409 22nd St

Year built
1967
Lot size
0.42 lot acres
Property size
6,050 SF
Zone code
MA
Property type
Commercial real estate
APN
0115-003-775
APU
115003775

Description

This 8,050-square-foot warehouse, located at 409 S 22nd St in Bismarck, North Dakota, presents a compelling owner-user investment opportunity. Built in 1967, the property sits on a sizable 18,461-square-foot lot and is priced at $800,000, or $99.38 per square foot. The warehouse boasts excellent access, featuring two 11-foot-high and one 12-foot-high overhead doors, ideal for accommodating larger equipment. The front of the property is partially fenced and could be easily enclosed. A recent remodel (last year) enhanced the south side of the building, adding a fully equipped office with a bathroom and a loft area above. The shop bay area is well-appointed with floor drains, hot and cold water, a half-bath, and heating. Optional equipment includes a commercial air compressor and a two-post lift. This prime south Bismarck location offers exceptional potential for a variety of businesses. The property is situated in Burleigh County, North Dakota, zip code 58504. This is a rare opportunity to acquire a well-maintained and versatile warehouse in a desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $755,000
    6.5%
    $700,000
    7%
    $650,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $472,000
    Market price range: $473k - $1.41M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $950,000
    Current use
    INDUSTRIAL (GENERAL)
    $915,000
    Change: -3% Conversion: Moderate
    RETAIL STORES
    $890,000
    Change: -6% Conversion: Easy
    NEIGHBORHOOD: SHOPPING CENTER
    $835,000
    Change: -12% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Bismarck
County
Burleigh
State
North Dakota
Longitude
-100.758
Latitude
46.8011
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
$4,473
$43,850
$128,250
$172,100
-
$87,700
$256,500
$344,200
More about this property
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