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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
745 Interstate Ave, Bismarck, ND 58503-0936
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US56-0126024
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
8,595 SF
Lot
0.62 ac (26,880 SF)
Zoning code
RT
APN
0860-004-035
UPID
US56-0126024
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
-
Deeter Dental Dental Office
-
Deeter Lucas C DDS Dental Office
-
Deeter Terry DDS Dental Office
-
Deeter Matthew DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$575k
Owner & transaction history
Interstate Dental Building LLC · 18 yrs held
Interstate Dental Building LLC
since 2008
7 recorded transactions
Zoning & alternative use
RT · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$785,000
+5.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bismarck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bismarck submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$745,000
Current use
RESTAURANT
$785,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$740,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$665,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,795
Tax year 2023
Assessed value
$943,050
Assessed 2023
Previous assessed
$865,200
+9.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$160,150
Assessed improvement
$782,900
Land market value
$320,300
Improvement market value
$1,565,800
Total market value
$1,886,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Total area
8,595 SF
Lot
0.62 ac (26,880 SF)
Zoning code
RT
APN
0860-004-035
UPID
US56-0126024
Jurisdiction
BURLEIGH
Zoning & alternative use
RT · Bismarck, ND
Zoning RT · permitted uses
RT · Bismarck, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bismarck. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$745,000
RESTAURANT
Est. value
$785,000
INDUSTRIAL (GENERAL)
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$620,000
MEDICAL BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Lot
0.62 ac
Current owner
From public records · entity-resolved
Interstate Dental Building LLC
Entity
Mailing address
745 W INTERSTATE AVE, BISMARCK, ND 58503-0936
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2019
—
Interstate Dental Building LLC
—
Deed
related
$692,000 · American Bank Center
Mar 27, 2008
—
Interstate Dental Building LLC
Myron Harsch
Warranty Deed
—
Jan 31, 2008
$12,000
Interstate Dental Building LLC
Terrance C Deeter
Warranty Deed
—
Nov 2, 2007
$120,000
Myron Harsh And Interstate Dental B
Terrance C Deeter
Warranty Deed
—
Sep 2, 2005
$156,000
Terrence C Deeter
Glenn Eagle LLC
Warranty Deed
—
Apr 21, 2005
—
Glenn Eagle LLC
Terry Anderson
Warranty Deed
—
Apr 20, 2005
—
Terry Tschosik
Southport Development LLC
Warranty Deed
—
Apr 20, 2005
$53,600
Terry Anderson
Phyllis Nagel Wagner
Warranty Deed
$41,052 · Dakota Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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