Bismarck Hotel and Conference Center
$13,900,000
800 South 3rd Street, Bismarck, ND 58504
For Sale
Hotel
Unknown Sub Type
Active
Last Updated: 06/24/2025
12.56
Cap Rate
1,745,592
NOI
Details:
Cap Rate: 12.56%
NOI: $1,745,592
Keys: 305
Price Per Key: $45,573.77
Highlights:
- WELL POSITIONED PROPERTY: This is an opportunity to gain a consistently high-performing hospitality asset located on some of the most sought-after commercial land in Bismarck. The property generates strong, reliable income and benefits from excellent visibility being located just North of E Bismarck Expressway with ±31,950 VPD.
- ADDITIONAL PRIME RETAIL LAND AVAILABLE: This is an opportunity with an extra ±1.5 acres of high-exposure retail land is available on the north side of the property, offering future development or resale potential. This parcel, valued at approximately $1.5 million, enhances the overall investment offering and provides optional expansion or diversification opportunities.
- HIGH CONFERENCE SPACE POTENTIAL: The property features approximately ±25,000 SF of banquet and conference space that remains largely underutilized by the current ownership. This area presents significant upside potential through expanded event programming or corporate partnerships offering a clear path to increased revenue and asset value.
- ON-SITE AMENITIES: The hotel features a full suite of guest and revenue-driving amenities, including a bar and restaurant, a leased casino, an indoor water park, multiple banquet spaces, and an arcade. These offerings enhance guest experience, support diversified income streams, and position the property as a leading full-service destination in the region.
- FLEXIBLE ACQUISITION TERMS: Seller financing is available with a 25% down payment, offering a more accessible capital structure for qualified buyers. This financing option enhances deal flexibility and can improve return profiles for investors seeking leverage without traditional lending constraints.
Documents:
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Offering Memorandum |
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