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Property profile & analytics
OFF-MARKET
Estimated value
$6,855,000
Office Spaces
4585 Coleman St Bismarck, ND 58503-0431
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US56-0637024
Property summary
AI-generated overview
This exceptional 77,694 square foot executive office building is strategically located at 4585 Coleman St in North Bismarck, North Dakota, zip code 58503. The property sits on a substantial 377,196 square foot lot, offering ample space and potential for expansion. Currently configured as a single-tenant occupancy, the building is zoned RT and identified by APN 1617-001-001. The property's high-tech infrastructure makes it ideal for a variety of businesses seeking modern and efficient workspace. The seller is willing to subdivide the space to accommodate specific tenant needs
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2013
Total area
77,694 SF
Lot
8.66 ac (377,186 SF)
Zoning code
RT
APN
1617-001-001
UPID
US56-0637024
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
-
Eide Bailly Accounting Firm Tax Preparation
-
Point CPA Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.98M
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$6.86M
Owner & transaction history
City Of Bismarck · 9 yrs held
City Of Bismarck
since 2016
4 recorded transactions
Zoning & alternative use
RT · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,720,000
6.5%
$8,975,000
7%
$8,335,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,255,000
Change: -8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,695,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.86M
Range $6.17M – $7.54M · ±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
$88 / 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
$197,010
Tax year 2023
Assessed value
$7,204,700
Assessed 2023
Previous assessed
$6,609,800
+9.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$795,200
Assessed improvement
$6,409,500
Land market value
$1,590,400
Improvement market value
$12,819,000
Total market value
$14,409,400
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
2013
Total area
77,694 SF
Lot
8.66 ac (377,186 SF)
Zoning code
RT
APN
1617-001-001
UPID
US56-0637024
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
INDUSTRIAL (GENERAL)
Est. value
$11.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.7M
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
2013
Lot
8.66 ac
Current owner
From public records · entity-resolved
City Of Bismarck
Entity
Mailing address
2940 N 19TH ST STE #3, BISMARCK, ND 58503-5393
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Bismarck Partners LLP
—
Deed
related
$6,763,684 · Starion Bank
Aug 10, 2016
—
City Of Bismarck
First Evangelical Free Church
Warranty Deed
—
Jul 27, 2016
—
Emmons County
Mcleish Land And Cattle LLP
Warranty Deed
—
May 7, 2012
—
Bismarck Partners LLP
State Street Developers 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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