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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Assisted living facilities
4217 Montreal St Bismarck, ND 58503-0325
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US56-0134093
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2006
Total area
19,844 SF
Lot
1.76 ac (76,622 SF)
Zoning code
RM30
APN
1535-001-001
UPID
US56-0134093
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
-
Maple View Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Qualified Properties LLC · 19 yrs held
Qualified Properties LLC
since 2007
2 recorded transactions
Zoning & alternative use
RM30 · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RM30 residential district is established as a district in which the principal use of land is for multifamily dwellings and similar high density residential development
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
640.97 ac
Source
Realmo
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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$35 / 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
$55,566
Tax year 2023
Assessed value
$2,067,600
Assessed 2023
Previous assessed
$1,896,900
+9.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$164,600
Assessed improvement
$1,903,000
Land market value
$329,200
Improvement market value
$3,806,000
Total market value
$4,135,200
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2006
Total area
19,844 SF
Lot
1.76 ac (76,622 SF)
Zoning code
RM30
APN
1535-001-001
UPID
US56-0134093
Jurisdiction
BURLEIGH
Zoning & alternative use
RM30 · Bismarck, NDZoning RM30 · permitted uses
RM30 · Bismarck, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RM30 residential district is established as a district in which the principal use of land is for multifamily dwellings and similar high density residential development
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
640.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Lot
1.76 ac
Current owner
From public records · entity-resolved
Qualified Properties LLC
Entity
Mailing address
5570 TRENTON LN N, PLYMOUTH, MN 55442-3243
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2007
—
Qualified Properties LLC
Maple View II INC
Warranty Deed
$2,100,000 · Dakota Community Bank
May 26, 2006
—
Maple View Il INC
The View INC
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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