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Property profile & analytics
OFF-MARKET Estimated value $1,145,000
Strip malls

707 3rd St Bismarck, ND 58504-7558

6,471 SF 0.89 ac lot Built 2021
Entity Owned Absentee Owner Free & Clear
Property ID
US56-0022624
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2021
Total area 6,471 SF
Lot 0.89 ac (38,592 SF)
Zoning code CG
APN 0602-001-030
UPID US56-0022624
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
  • Thrifty White Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.20M
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.15M
Owner & transaction history
KIRKWOOD MALL ACQUISITION LLC
KIRKWOOD MALL ACQUISITION LLC
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

14-04-12. CG Commercial District . In any CG commercial district , the following regulations shall apply: 1. General description. The CG commercial district is a heavy commercial area located outside the central business district to provide commerce and service to the City of Bismarck and surrounding regional market. The CG commercial district is established…

Zone name Heavy Commercial
General category COMMERCIAL
Zone area 2,214.40 ac
Source TABLE OF CONTENTS
Top alternative use upside
Commercial (general) $1.0M +14.0%
Industrial (general) $980,000 +10.1%
Retail stores $950,000 +6.7%
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