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    Property profile & analytics

    7201 N Washington St Bismarck, ND 58504

    • Commercial real estate
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0457933
    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

    • Commercial real estate

    Property Details for 7201 N Washington St

    Property type
    Commercial real estate
    APN
    31-139-80-69-01-020; 31-139-80-69-01-040

    Description

    This exceptional commercial land offering presents a rare opportunity to acquire three contiguous parcels totaling 71,874 to 282,704 square feet, strategically located at the corner of North Washington Street and 71st Avenue NW (Highway 1804) in Bismarck, North Dakota. The property boasts a highly visible location within a high-traffic roundabout, ensuring maximum exposure for any commercial venture. All three parcels are zoned CA, providing flexibility for a variety of commercial uses. While lacking city services, rural water is readily available. This presents a unique opportunity for developers seeking a cost-effective location with significant development potential. The individual parcel details include: 7201 N Washington St (APN 31-139-80-69-01-020), 7211 N Washington St (APN 31-139-80-69-01-030), and 7221 N Washington St (APN 31-139-80-69-01-040). 2023 property taxes for these parcels were $401.53, $462.02, and $234.96 respectively. The asking price for the combined parcels ranges from $7.50 to $10.00 per square foot, totaling $539,055. This prime location in the growing North Bismarck area offers unparalleled potential for significant return on investment. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7925215
    Latitude
    46.8822798

    Comparable in this City

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      2.42 acre corner lot in Country Hills Subdivision.
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      North Bismarck Commercial Land

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    • $3,235,734
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      Bismarck Development Land - 4.13 Acres

      Prime North Bismarck commercial land, ideal for development.
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    • $90,000
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      Residential Land in Country Hills

      1.88 acre lot to build your dream home.
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    • $3,311,430

      Bismarck Commercial Land - Highway 83

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      2.72 Acres

      Bismarck Multi-Family Land Investment

      2.72 acres, prime development opportunity.
      4203 Coleman St, Bismarck, ND 58503
      View Details

    Similar Nearby for Sale

    • $90,000
      2.42 Acres

      Residential Land in Country Hills

      2.42 acre corner lot in Country Hills Subdivision.
      8561 Tophill Dr, Bismarck, ND 58503
      View Details
    • $1,375,272
      2.63 Acres

      North Bismarck Commercial Land

      Prime development land, high visibility.
      5951 Ridgedale St, Bismarck, ND 58503
      View Details
    • $3,235,734
      4.13 Acres

      Bismarck Development Land - 4.13 Acres

      Prime North Bismarck commercial land, ideal for development.
      4200 15Th St, Bismarck, ND 58503
      View Details
    • $90,000
      1.88 Acres

      Residential Land in Country Hills

      1.88 acre lot to build your dream home.
      7964 Scenic Hills Rd, Bismarck, ND 58503
      View Details
    • $3,311,430

      Bismarck Commercial Land - Highway 83

      12.67 Acres, High-Traffic Location, Heavy Commercial Zoning
      US-83 Avenue, Bismarck, ND 58503
      View Details
    • Contact for pricing
      2.72 Acres

      Bismarck Multi-Family Land Investment

      2.72 acres, prime development opportunity.
      4203 Coleman St, Bismarck, ND 58503
      View Details

    Similar Nearby for Lease

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      118,483 SF

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      North Bismarck Office Space Available

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      Prime Bismarck retail space, multiple units.
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      Executive Suite Office Space for Lease

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      North Bismarck Office Suite

      596 SF office suite with high-end finishes for rent.
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    Bismarck, ND 58504
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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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