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Property profile & analytics
FOR LEASE
Super regional malls
901 W Interstate Ave Bismarck, ND 58503
Entity Owned
9-yr Hold
Free & Clear
Property ID
US56-0420746
For Lease
1 / 2
$7,125,000
901 W Interstate Ave, Bismarck, ND 58503
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2006
Total area
38,467 SF
Lot
13.89 ac (604,831 SF)
Zoning code
CG
APN
0756-001-200
UPID
US56-0420746
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.10M
Comparable Approach
Comparable
$9.95M
Blend (final)
Blend
$7.13M
Owner & transaction history
Dakota Upreit LP · 9 yrs held
Dakota Upreit LP
since 2017
7 recorded transactions
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.8M
+28.1%
Commercial (general)
$6.0M
+14.0%
Industrial (general)
$5.6M
+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%
$7,685,000
6.5%
$7,095,000
7%
$6,590,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,295,000
Current use
RETAIL STORES
$6,785,000
Change: +28% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,035,000
Change: +14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,575,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$7.13M
Range $6.41M – $7.84M · ±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
$185 / 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
$240,219
Tax year 2023
Assessed value
$9,018,700
Assessed 2023
Previous assessed
$8,274,050
+9.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$2,176,600
Assessed improvement
$6,842,100
Land market value
$4,353,200
Improvement market value
$13,684,200
Total market value
$18,037,400
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2006
Total area
38,467 SF
Lot
13.89 ac (604,831 SF)
Zoning code
CG
APN
0756-001-200
UPID
US56-0420746
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
$5.3M
RETAIL STORES
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
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
2006
Lot
13.89 ac
Current owner
From public records · entity-resolved
Dakota Upreit LP
Entity
Free & Clear · 9 yrs held
Mailing address
3003 32ND AVE S STE #250, FARGO, ND 58103-6118
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2017
—
Dakota Upreit LP
—
Deed
related
$14,400,000 · American Bank Center
Jan 6, 2017
—
Dakota Upreit LP
Srt Secured Pinehurst LLC
Limited Warranty Deed
—
Jan 11, 2012
—
Tnp Srt Portfolio I LLC
Tnp Srt Pinehurst East LLC
Special Warranty Deed
—
Jan 29, 2010
—
Figlewicz Pinhurst Square East LLC
Pinehurst Square East Acquisition L
Special Warranty Deed
—
Dec 14, 2009
—
Applewood Pinehurst Square East LLC
Pinehurst Square East Acquisition L
Special Warranty Deed
—
Sep 30, 2008
—
5 19 Pinehurst Square East LLC
Pinehurst Square East Acquisition L
Special Warranty Deed
—
Sep 17, 2008
—
Agrimonti Pinehrust Square East LLC
Pinhehurst Square East Acquisition
Special Warranty Deed
—
Sep 5, 2008
—
Wilhelm Pinehurst Square E LLC
Pinehurst Square East Acquiston LLC
Special Warranty Deed
—
Sep 4, 2008
—
Jacobsonpinehurst Square East LLC
Pinehurst Square East Acquisition L
Special Warranty Deed
—
Aug 15, 2008
—
Jacobson Pinehurst Square East LLC
Pinehurst Square East Acquisition L
Special Warranty Deed
—
Aug 11, 2008
—
Hellings Pinehurst Square East LLC
Pinehurst Square East Acquisition L
Special Warranty Deed
—
Aug 5, 2008
—
Ashley Pinehurst Square East LLC
Pinehurst Square East Acquisition L
Special Warranty Deed
—
Jul 8, 2008
—
Smee Pinehurst Square East LLC
Pinehurst Square East Acquistion Ll
Special Warranty Deed
—
Mar 27, 2008
—
Pinehurst Square East Acquisition L
Cnlrs Bismarck Nd LLC
Special Warranty Deed
—
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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