Finished Office
New
For Sale
$229,000
1014 E Central Ave, Bismarck, ND 58501
A private executive office and open work area are complemented by shared corridor access and common restrooms.
Property Size1,000 SF
Price / SF$229
Days on Market2
Property Features for 1014 E Central Ave
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Financials
Asking Price
$229,000
HOA Fee
$300
Additional Details
Highway Access
Yes
Amenities
Coffee Bar
Building Details
Building Size
1,000 SF
Year Built
1981
Listing Agency:
Rise Property Brokers, Inc.
Listed By:
George Yineman · License #ND #7535
(701) 319-3000
Source:
Risepropertybrokers
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rise Property Brokers, Inc.
Investment Insights
Based on property information with market context.
This 1,000 SF office condominium, built in 1981, combines 720 SF of open work area with a 260 SF executive office measuring 20' x 13'. A sliding glass door separates the private office, while the open area measures 20' x 36'. Interior features include a coffee bar, glass tile, commercial-grade neutral carpet, a glass entry door, and large windows that bring in daylight. The building also has a common corridor, shared restrooms, and off-street parking.
The property is near I-94 and State Street in Bismarck. Its mix of open workspace and a separate enclosed office provides distinct work areas within the condominium.
The property is near I-94 and State Street in Bismarck. Its mix of open workspace and a separate enclosed office provides distinct work areas within the condominium.
Key Highlights
- 1,000 SF office condominium built in 1981
- 720 SF open work area measuring 20' x 36'
- 260 SF executive office measuring 20' x 13', with sliding glass door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,988
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,760
$259.8K
Cap Rate 7%
$185,543
$185.5K
Cap Rate 9%
$144,311
$144.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$20.2K $20.16/SF
− Vacancy
−$2.8K −$2.84/SF
EGI
$17.3K $17.32/SF
− OpEx
−$4.3K −$4.33/SF
NOI
$13.0K $12.99/SF
Area
Burleigh County, ND
Vacancy
14.10%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,760
Cap Rate 7%
$185,543
Cap Rate 9%
$144,311
Alternative Uses
Best Use
Office B
$185.5K
$162.4K – $216.5K
NOI $12,988 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.0K
$208.2K – $277.6K
NOI $16,658 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - A private executive office and open work area are complemented by shared corridor access and common restrooms.
Where is this office units located?
The property is located at 1014 E Central Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,000 SF office condominium built in 1981; 720 SF open work area measuring 20' x 36'; 260 SF executive office measuring 20' x 13', with sliding glass door
