Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    701 Rosser Ave Fl, Unit 3 Bismarck, ND 58501-4477

    • Medical offices
    • 15,468 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    May 10, 2024
    $7,120,000
    Value Estimations
    $7,120,000
    Show details
    Cap Rate Potential
    2.6%
    Medical offices
    Location Intelligence
    Property ID
    US56-0487704
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 701 Rosser Ave Fl

    Year built
    2010
    Lot size
    0.80 lot acres
    Property size
    15,468 SF
    Zone code
    HM
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0001-098-004
    APU
    1098004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,120,000
      ML approach
      $7,120,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.781
    Latitude
    46.8081
    CBSA code
    13900
    CBSA name
    BISMARCK, ND METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $43,102
    $45,300
    $1,613,100
    $1,658,400
    -
    $90,600
    $3,226,200
    $3,316,800

    Comparable in this City

    • Value Estimation
      $515,000
      7,044 SF

      1165 Tpke Ave

      MEDICAL BUILDING • 7,044 SF
      1165 Tpke Ave, Bismarck, ND 58501-8115
      View Details
    • Value Estimation by Request
      0.06 Acres

      309 11th St

      MEDICAL BUILDING • 0.06 Acres
      309 11th St, Bismarck, ND 58501-4539
      View Details
    • Value Estimation
      $1,475,000
      62,652 SF

      310 9th St

      MEDICAL BUILDING • 62,652 SF
      310 9th St, Bismarck, ND 58501-4515
      View Details
    • Value Estimation by Request
      3,280 SF

      721 Rosser Ave

      MEDICAL BUILDING • 3,280 SF
      721 Rosser Ave, Bismarck, ND 58501-4461
      View Details
    • Value Estimation
      $710,000
      17,678 SF

      2603 Broadway Ave

      MEDICAL BUILDING • 17,678 SF
      2603 Broadway Ave, Bismarck, ND 58501-5107
      View Details
    • Value Estimation
      $335,000
      3,560 SF

      416 6th St

      MEDICAL BUILDING • 3,560 SF
      416 6th St, Bismarck, ND 58501-4416
      View Details

    Similar Nearby for Sale

    • $1,325,000
      12,922 SF

      Downtown Bismarck Mixed-Use Gem

      Historic 3-story building, 100% occupied
      200 Main Ave, Bismarck, ND 58501
      View Details
    • $2,400,000
      40,795 SF

      Bismarck Industrial Portfolio

      Three-building flex space, 40,795 SF
      1207 Main Ave, Bismarck, ND 58501
      View Details
    • $1,900,000
      26,936 SF

      City Center Plaza: Bismarck Office Building

      Downtown Bismarck Office Building - Value-Add Opportunity
      418 Broadway Ave, Bismarck, ND 58501
      View Details
    • $1,625,000
      3,336 SF

      Bismarck Office Building For Sale

      3,336 SF office building with large parking lot.
      1301 E Main Ave, Bismarck, ND 58501
      View Details
    • $600,000
      3,582 SF

      Former Kennel in North Bismarck

      Former kennel with office, potential for shop use.
      1821 Commerce Dr, Bismarck, ND 58501
      View Details
    • $4,950,000
      29,064 SF

      Bismarck Mixed-Use Complex

      Downtown Bismarck, 8-unit building
      510 Main Ave, Bismarck, ND 58501
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      355,745 SF

      Gateway Mall Retail Space Bismarck, ND

      Prime Bismarck Retail Center - Multiple Spaces Available
      2700 State St, Bismarck, ND 58501
      View Details
    • $19 SF/Yr
      43,708 SF

      Bismarck Office Complex - 43,708 SF

      Prime NW Bismarck office space, multiple tenants.
      2000 Schafer St, Bismarck, ND 58501
      View Details
    • $12 SF/Yr
      1,500 SF

      Downtown Bismarck Office Space

      1500 SF Office, Prime Location
      215 3Rd St, Bismarck, ND 58501
      View Details
    • $13 SF/Yr
      3,880 SF

      Downtown Bismarck Office Building

      Prime Bismarck Office, Drive-Thru, Parking
      421 4Th St, Bismarck, ND 58501
      View Details
    • $1,286,000
      4,300 SF

      Main Avenue Office Space Available

      Office space with private offices, conference room, and storage.
      200 E Main Ave, Bismarck, ND 58501
      View Details
    • $4,154 /Mo
      3,115 SF

      Office Space with Parking Included

      Well-designed office space with parking and flexible options available.
      521 E Main Ave, Bismarck, ND 58501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 Rosser Ave Fl, Unit 3
    Bismarck, ND 58501-4477
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.