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    7211 N Washington St Bismarck, ND 58504
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    7211 N Washington St Bismarck, ND 58504

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    • Commercial real estate
    For Sale
    $790,612
    View Listing →
    Commercial Land with High Visibility For Sale
    $790,612
    2.41 Acres

    Commercial Land with High Visibility

    Commercial land parcels with high visibility and roundabout access.

    7211 N Washington St, Bismarck, ND
    View Listing
    Property ID
    US56-0308909
    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 real estate

    Property Details for 7211 N Washington St

    Property type
    Commercial real estate
    APN
    31-139-80-69-01-030

    Description

    This exceptional commercial land offering encompasses 105,415 square feet of prime real estate situated at the highly visible corner of N Washington St and 71st Ave NW/Hwy 1804 in Bismarck, North Dakota. The property, zoned CA, presents a unique opportunity for developers and investors seeking high-traffic exposure. Located in the desirable and rapidly growing North Bismarck area, this parcel benefits from its strategic position near a roundabout, ensuring excellent accessibility. While lacking city services, the land is serviced by rural water. The asking price is $790,612.50, translating to a land value of $7.50 per square foot. Detailed tax information is available: Parcel ID 31-139-80-69-01-030 had 2022 taxes of $444.39. Adjacent parcels are also available (PID# 31-139-80-69-01-020 and 31-139-80-69-01-040 with respective 2022 taxes of $386.21 and $225.99). This presents a rare chance to acquire a substantial commercial lot in a thriving North Dakota market with significant growth potential. 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 estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7912947
    Latitude
    46.8822766

    Comparable in this City

    • Contact for pricing

      Land For Sale

      3.89 acres of land available for purchase.
      2710 Country West Rd, Bismarck, ND 58503
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    • $1,306,800

      136th Avenue NE and 26th St NE, Bismarck, ND 58503

      Land
      136th NE 26Th St NE, Bismarck, ND 58503
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      Commercial Land in East Bismarck

      Commercial development land in a rapidly developing mixed-use retail center.
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      Residential Land in Country Hills

      1.57 acre lot for dream home construction.
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    • $92,500
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      Residential Land in Country Hills

      1.55 acre residential lot in Country Hills Subdivision.
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      Commercial Lots in Boulder Ridge

      High-visibility commercial lots suitable for diverse development projects.
      218 Flint Dr, Bismarck, ND 58503
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    Similar Nearby for Sale

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      Land For Sale

      3.89 acres of land available for purchase.
      2710 Country West Rd, Bismarck, ND 58503
      View Details
    • $1,306,800

      136th Avenue NE and 26th St NE, Bismarck, ND 58503

      Land
      136th NE 26Th St NE, Bismarck, ND 58503
      View Details
    • Contact for pricing

      Commercial Land in East Bismarck

      Commercial development land in a rapidly developing mixed-use retail center.
      3024 Yorktown Dr, Bismarck, ND 58503
      View Details
    • $87,500
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      Residential Land in Country Hills

      1.57 acre lot for dream home construction.
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    • $92,500
      1.55 Acres

      Residential Land in Country Hills

      1.55 acre residential lot in Country Hills Subdivision.
      8457 Tophill Dr, Bismarck, ND 58503
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    • Contact for pricing

      Commercial Lots in Boulder Ridge

      High-visibility commercial lots suitable for diverse development projects.
      218 Flint Dr, Bismarck, ND 58503
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    Similar Nearby for Lease

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      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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      Office Space Near Retail Hub

      Office space available for rent in Northwest Bismarck.
      1720 Burnt Boat Dr, Bismarck, ND 58503
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      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
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    • $23 SF/Yr

      Sunrise Square Retail Opportunity

      Mixed-use retail center in rapidly developing commercial and residential area.
      3001 Yorktown Dr, Bismarck, ND 58503
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    • 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
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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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    7211 N Washington St, Bismarck, ND, 58504
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