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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
809 Interstate Ave C, Bismarck, ND 58503-0964
Entity Owned
6-yr Hold
Free & Clear
Property ID
US56-0323006
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
6,975 SF
Lot
1.86 ac (81,022 SF)
Zoning code
CG
APN
0860-004-078
UPID
US56-0323006
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
-
Sanford Children's Therapy Physician
-
Tong Yang Physician
-
Dr. John Sanders Pediatrician
-
Dr. Eric Hart Physician
-
Burkley Jensen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$520k
Owner & transaction history
Diamond Investments LLC · 6 yrs held
Diamond Investments LLC
since 2020
3 recorded transactions
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$635,000
+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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$605,000
Current use
RESTAURANT
$635,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$600,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$540,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$75 / 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
$20,611
Tax year 2023
Assessed value
$793,050
Assessed 2023
Previous assessed
$727,550
+9.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$137,650
Assessed improvement
$655,400
Land market value
$275,300
Improvement market value
$1,310,800
Total market value
$1,586,100
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
2006
Total area
6,975 SF
Lot
1.86 ac (81,022 SF)
Zoning code
CG
APN
0860-004-078
UPID
US56-0323006
Jurisdiction
BURLEIGH
Zoning & alternative use
CG · Bismarck, ND
Zoning CG · permitted uses
CG · 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
$605,000
RESTAURANT
Est. value
$635,000
INDUSTRIAL (GENERAL)
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$505,000
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
2006
Lot
1.86 ac
Current owner
From public records · entity-resolved
Diamond Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 35874, TUCSON, AZ 85740-5874
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
—
Diammond Investments LLC
—
Deed
related
$891,269 · Starion Bank
Jan 21, 2020
—
Diamond Investments LLC
Waterfront Investment Group LLP
Warranty Deed
—
Jul 21, 2009
—
Waterfront Investment Group Ll
Ralph J Keller
Quit Claim Deed
related
—
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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