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Property profile & analytics
OFF-MARKET
Office Spaces
418 2nd St Bismarck, ND 58501-3826
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US56-0307518
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1914
Total area
2,322 SF
Lot
0.16 ac (7,000 SF)
Zoning code
DF
APN
0015-021-005
UPID
US56-0307518
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
-
Bonnie L. Engel, APRN Family Counselor Doctor
-
True North Solutions Medical Clinic Physician
-
Heartland Law Office, PC Law Firm
-
Navitek, LLC Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
W & I Investments LLC · 2 yrs held
W & I Investments LLC
since 2023
Last sale
$430,000
3 recorded transactions
Zoning & alternative use
DF · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,284
Tax year 2023
Assessed value
$164,850
Assessed 2023
Previous assessed
$167,550
-1.6% YoY
Effective rate
2.60%
On assessed value
Assessed land
$38,300
Assessed improvement
$126,550
Land market value
$76,600
Improvement market value
$253,100
Total market value
$329,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1914
Total area
2,322 SF
Lot
0.16 ac (7,000 SF)
Zoning code
DF
APN
0015-021-005
UPID
US56-0307518
Jurisdiction
BURLEIGH
Zoning & alternative use
DF · Bismarck, ND
Zoning DF · permitted uses
DF · 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
1914
Lot
0.16 ac
Current owner
From public records · entity-resolved
W & I Investments LLC
Entity
Mailing address
600 S 2ND ST STE #155, BISMARCK, ND 58504-5729
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
$430,000
W & I Investments LLC
Relentless Mindset Wrestling LLC
Warranty Deed
$479,300 · Capital Cu
Dec 31, 2018
$372,500
Relentless Mindset Wrestling LLC
Mark S Burke
Warranty Deed
$316,625 · Community Cu
Aug 3, 2016
—
Mark S Burke
—
Deed
related
$103,901 · Kirkwood Bank & Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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