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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office Spaces
523 4th St Bismarck, ND 58501-4055
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US56-0449939
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1906
Total area
3,712 SF
Lot
0.16 ac (7,100 SF)
Zoning code
DF
APN
0015-013-070
UPID
US56-0449939
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
-
Federation of Families Medical Clinic
-
North Dakota Federation-Family Crisis Center Medical Clinic
-
Mental Health America of Nd Crisis Center Medical Clinic
-
Farmers Insurance - Tamie Schmidt Insurance Agency
-
N D Disabilities Advocacy Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$432k
Blend (final)
Blend
$540k
Owner & transaction history
S4 Galaxy Property LLC · 2 yrs held
S4 Galaxy Property LLC
since 2024
Last sale
$540,000
4 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
Method
Estimation
Statistic approach
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
RETAIL STORES
$545,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $540k (Jan 17 2024)
Last sale anchor
$540k
Jan 17 2024
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
$145 / 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
$5,798
Tax year 2023
Assessed value
$189,100
Assessed 2023
Effective rate
3.07%
On assessed value
Assessed land
$38,800
Assessed improvement
$150,300
Land market value
$77,600
Improvement market value
$300,600
Total market value
$378,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1906
Total area
3,712 SF
Lot
0.16 ac (7,100 SF)
Zoning code
DF
APN
0015-013-070
UPID
US56-0449939
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$555,000
RETAIL STORES
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$510,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1906
Lot
0.16 ac
Current owner
From public records · entity-resolved
S4 Galaxy Property LLC
Entity
Mailing address
6665 VLY VIS LN, BISMARCK, ND 58503-8357
Ownership since
2024
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
Jan 17, 2024
$540,000
S4 Galaxy Property LLC
Pk Holdings LLC
Warranty Deed
$441,301 · Kirkwood Bank & Trust Co
Nov 17, 2022
$280,000
Pk Holdings LLC
Mental Health America Of North Dako
Warranty Deed
$304,000 · Bnc National Bank
Dec 9, 2013
—
Mental Health America
K J Carpenter
Warranty Deed
$330,000 · Bnc National Bank
Apr 10, 2007
$392,000
Mental Health Association
K J Carpenter
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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