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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Strip malls
820 43rd NE Ave, Bismarck, ND 58503-1668
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US56-0076406
Property summary
AI-generated overview
This exceptional retail opportunity is located at 820 43rd Ave NE in Bismarck, North Dakota, within the Shoppes on 43rd. This single-story, 15,934 square foot building, constructed in 2019, offers multiple suites for lease, with a minimum divisible space of 2,153 square feet and a maximum contiguous space of 6,973 square feet. The property features a total of eight suites, providing flexibility for various retail businesses. Its convenient location in Burleigh County, just off State Street near Ace Hardware, ensures high visibility and accessibility for customers. The property's modern design and prime location make it an ideal space for businesses seeking to establish or expand their presence in the Bismarck market. This is a fantastic chance to secure a space in a thriving retail center in a rapidly growing area. The building's single-story design provides easy access and ample parking for customers and employees. The available space is perfect for a variety of retail concepts. Interested parties should inquire about lease terms.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2018
Total area
15,909 SF
Lot
1.95 ac (84,986 SF)
Zoning code
CG
APN
2290-001-300
UPID
US56-0076406
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
-
New York To Go Restaurant
-
Crumbl - Bismarck Bakery Take-out & Catering
-
La Michoacana Mexican Snacks Restaurant
-
Ave Maria Bookstore (Bike/Boat/Book/etc) Store
-
CYCLEBAR Cycling Facility Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$2.07M
Owner & transaction history
43rd Bismarck LLC · 7 yrs held
43rd Bismarck LLC
since 2018
2 recorded transactions
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.8M
+28.1%
Commercial (general)
$2.5M
+14.0%
Industrial (general)
$2.3M
+5.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,190,000
Current use
RETAIL STORES
$2,805,000
Change: +28% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,495,000
Change: +14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,305,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±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
$130 / 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
$48,462
Tax year 2023
Assessed value
$1,800,600
Assessed 2023
Previous assessed
$1,250,450
+44.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$367,350
Assessed improvement
$1,433,250
Land market value
$734,700
Improvement market value
$2,866,500
Total market value
$3,601,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2018
Total area
15,909 SF
Lot
1.95 ac (84,986 SF)
Zoning code
CG
APN
2290-001-300
UPID
US56-0076406
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2018
Lot
1.95 ac
Current owner
From public records · entity-resolved
43rd Bismarck LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3285 47TH ST S, FARGO, ND 58104-4499
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2018
—
43rd Bismarck LLC
The Shoppes At Osgood LLC
Quit Claim Deed
related
—
Sep 4, 2018
—
43rd Bismarck Lllc
The Shoppes At Osgood Lc
Quit Claim Deed
related
$3,280,000 · First Community Cu
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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