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Property profile & analytics
OFF-MARKET Estimated value $4,425,000
Strip malls

515 Broadway Ave Bismarck, ND 58501-4407

42,668 SF 1.03 ac lot Built 1969
Entity Owned Free & Clear
Property ID
US56-0306389
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1969
Total area 42,668 SF
Lot 1.03 ac (44,997 SF)
Zoning code DC
APN 0001-046-001
UPID US56-0306389
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
  • Sanford Diabetes Center Medical Clinic
  • By the Batch Bakery and Eatery Restaurant
  • Edin Law Office Law Firm
  • Jackie Quisno Pediatrician Physician
  • Hostetter Jeff MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.87M
Blend (final) Blend
$4.43M
Owner & transaction history
BISMARCK, CITY PARKING LOTS
BISMARCK, CITY PARKING LOTS
Zoning & alternative use
DC · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

commercial message. The following provisions must be met only in the DC - Downtown Core and DF - Downtown Fringe zoning districts: i. All Downtown Design Review procedures shall be followed for any installation of public art. ii. The public art is not installed on any side of a building directly adjacent to a public right-of-way, excluding alleys. iii. The p…

Zone name Downtown Core
General category MIXED_USE
Zone area 131.15 ac
Source TABLE OF CONTENTS
Top alternative use upside
Commercial (general) $6.4M +8.1%
Retail stores $6.3M +6.7%
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