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Property profile & analytics
OFF-MARKET Estimated value $3,440,000
Strip malls

914 12th St Bismarck, ND 58504-5941

24,500 SF 2.71 ac lot Built 2006
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US56-0479539
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 24,500 SF
Lot 2.71 ac (118,048 SF)
Zoning code MA
APN 1075-001-001
UPID US56-0479539
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
  • Northland Health Centers Medical Clinic
  • Little Caesars Pizza Restaurant
  • Breann Raymond Physician
  • Dollar Tree Discount Store
  • Great Clips Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.52M
Comparable Approach Comparable
$3.60M
Blend (final) Blend
$3.44M
Owner & transaction history
Expressway Centre Two LLC · 19 yrs held
Expressway Centre Two LLC
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
MA · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

z. Data Center. A data center may be permitted in any MA district as a special use or any MB district as an administrative special use provided: 1. All data processing and storage is contained within a building constructed in compliance with the International Building Code and International Fire Code. 2. Written verification is submitted from the utility pro…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 3,534.34 ac
Source TABLE OF CONTENTS
Top alternative use upside
Commercial (general) $3.8M +14.0%
Industrial (general) $3.7M +10.1%
Retail stores $3.6M +6.7%
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