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Property profile & analytics
OFF-MARKET
Estimated value
$7,200,000
Office Spaces
4202 Coleman St Bismarck, ND 58503-1356
Entity Owned
6-yr Hold
Free & Clear
Property ID
US56-0578728
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2010
Total area
65,001 SF
Lot
9.88 ac (430,286 SF)
Zoning code
RT
APN
0812-001-001
UPID
US56-0578728
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
-
Dakota Carrier Network Telecommunications Service Data Center
-
Telecom Training & Safety Telecommunications Service Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.51M
Comparable Approach
Comparable
$5.61M
Blend (final)
Blend
$7.20M
Owner & transaction history
City Of Bismarck · 6 yrs held
City Of Bismarck
since 2019
1 recorded transaction
Zoning & alternative use
RT · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.5M
+12.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,135,000
6.5%
$7,510,000
7%
$6,970,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,195,000
Current use
RETAIL STORES
$11,465,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$9,415,000
Change: -8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,950,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$7.20M
Range $6.48M – $7.92M · ±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
$111 / 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
$231,961
Tax year 2023
Assessed value
$8,402,500
Assessed 2023
Previous assessed
$7,708,700
+9.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$847,750
Assessed improvement
$7,554,750
Land market value
$1,695,500
Improvement market value
$15,109,500
Total market value
$16,805,000
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
2010
Total area
65,001 SF
Lot
9.88 ac (430,286 SF)
Zoning code
RT
APN
0812-001-001
UPID
US56-0578728
Jurisdiction
BURLEIGH
Zoning & alternative use
RT · Bismarck, ND
Zoning RT · permitted uses
RT · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.2M
RETAIL STORES
Est. value
$11.5M
INDUSTRIAL (GENERAL)
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
COMMERCIAL (GENERAL) Current
RETAIL STORES
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Lot
9.88 ac
Current owner
From public records · entity-resolved
City Of Bismarck
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 2484, FARGO, ND 58108-2484
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2019
$31,365
City Of Bismarck
Dcn LLC
Warranty Deed
—
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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