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    6941 Aurora St Bismarck, ND 58503
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    6941 Aurora St Bismarck, ND 58503

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    • Commercial land
    For Lease
    $10 SF/Yr
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    2.72 Acres of Yard Space For Lease
    $10 SF/Yr

    2.72 Acres of Yard Space

    Commercial land available for rent, featuring 2.72 acres.

    6941 Aurora St, Bismarck, ND 58503
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    Property ID
    US56-0484776
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 6941 Aurora St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    2.72 ACRES OF YARD SPACE

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7666529
    Latitude
    46.8804484

    Comparable in this City

    • Contact for pricing
      107,375 SF

      Bismarck Retail Center - For Lease

      107,375 SF, 11.48 Acres, Prime Location
      2625 State St, Bismarck, ND 58503
      View Details
    • Contact for pricing
      1,521 SF

      Retail Space in Sunrise Square

      Retail space available in a mixed-use development.
      3001 Yorktown Dr, Bismarck, ND 58503
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    • $14,535 /Mo
      9,181 SF

      Bismarck Office Space Available

      Northwest Bismarck office space featuring private offices and ample parking.
      230 W Century Ave, Bismarck, ND 58503
      View Details
    • $17 SF/Yr

      Class A Office Suites Available

      Versatile office suites in North Bismarck, suitable for various businesses.
      1611 East Century Ave, Bismarck, ND 58503
      View Details
    • Contact for pricing

      Class A Office Sublease

      North Bismarck Class A office space available for sublease.
      1838 E Interstate Ave, Bismarck, ND 58503
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    • Contact for pricing

      Retail Space in Sunrise Square

      Mixed-use retail and professional center with high visibility.
      3001 Yorktown Dr, Bismarck, ND 58503
      View Details

    Similar Nearby for Sale

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      6503 Yukon Dr, Bismarck, ND 58503

      Commercial land
      6503 Yukon Dr, Bismarck, ND 58503
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      Prime Commercial Land Opportunity

      32.4 acres in North Bismarck with highway visibility.
      5900 Yukon Dr, Bismarck, ND 58503
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      Commercial Lot Near Retailers

      1.18-acre commercial lot with high visibility and convenient access.
      4112 Skyline Xing, Bismarck, ND 58503
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    • $552,020

      Commercial Land with High Visibility

      Land with high visibility and easy access in Bismarck, ND.
      4200 N Washington St, Bismarck, ND 58503
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    • $175,000

      Commercial Land in North Bismarck

      22,404 SF commercial land for sale in Bismarck.
      4800 Ottawa St, Bismarck, ND 58503
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    Similar Nearby for Lease

    • Contact for pricing

      Office Space Near Retail Hub

      Office space available for rent in Northwest Bismarck.
      1720 Burnt Boat Dr, Bismarck, ND 58503
      View Details
    • Contact for pricing
      1,713 SF

      Northwest Bismarck Retail/Mixed Use Space

      High-traffic, high-visibility retail suites with drive-thru in Class A building.
      1655 N Grandview Ln, Bismarck, ND 58503
      View Details
    • $21 SF/Yr
      1,400 SF

      Restaurant or Retail Space Available

      Restaurant-ready or retail space with open layout and storage.
      226 E Greenfield Ln, Bismarck, ND 58503
      View Details
    • $23 SF/Yr

      Sunrise Square Retail Opportunity

      Mixed-use retail center in rapidly developing commercial and residential area.
      3001 Yorktown Dr, Bismarck, ND 58503
      View Details
    • Contact for pricing

      Restaurant Space on State Street

      Restaurant space with high visibility and equipment included for lease.
      2930 North 14Th St, Bismarck, ND 58503
      View Details
    • Contact for pricing

      Mixed-Use Property in North Bismarck

      Multipurpose environment for living, shopping, working, playing, and socializing.
      208 Greenfield Ln, Bismarck, ND 58503
      View Details
    View Listing
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    6941 Aurora St
    Bismarck, ND 58503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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