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Property profile & analytics
OFF-MARKET Estimated value $605,000
Strip malls

717 Main Ave Bismarck, ND 58501-4525

3,240 SF 1.59 ac lot Built 1976
Individually Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US56-0139751
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1976
Total area 3,240 SF
Lot 1.59 ac (69,043 SF)
Zoning code DC
APN 0001-016-001
UPID US56-0139751
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
  • Peace Garden Hemp Company Department Store
  • Terry's Health Products (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
$600k
Comparable Approach Comparable
$838k
Blend (final) Blend
$605k
Owner & transaction history
Lorie Bowker · 11 yrs held
Lorie Bowker
since 2014
1 recorded transaction
2014
Price N/A
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) $480,000 +8.1%
Retail stores $475,000 +6.7%
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