Customizable Shell Office
For Sale
$499,900
104-4475 Coleman St, Bismarck, ND 58503
CG-zoned office space is delivered unfinished for buyer customization.
Property Size1,884 SF
Price / SF$265.34
Days on Market56
Property Features for 104-4475 Coleman St
General Information
Standard status
Active
Size
1,884 SF
Zoning
CG
Taxes and HOA fees
Annual Taxes
$934
Listing Agency:
Realty One Group - Encore
(701) 751-7040
Listed By:
PATRICK KOSKI · License #8121
(701) 471-1331
Source:
Exprealty
Added: Aug 31
Changed: Oct 25
Last Checked: Oct 24 at 9:06PM
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 Realty One Group - Encore
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is offered for ownership in Aspen Business Park and delivered as a shell, allowing the buyer to configure the interior to suit business requirements. Approximately 1,884 square feet is available within the unit, which is intended for small to medium-sized business users.
The property is located at 104-4475 Coleman St in Bismarck, next to Cash Wise Foods and with visibility from 43rd Avenue. CG zoning applies to the property. Buyers should verify building codes and zoning requirements with the City of Bismarck before proceeding.
The property is located at 104-4475 Coleman St in Bismarck, next to Cash Wise Foods and with visibility from 43rd Avenue. CG zoning applies to the property. Buyers should verify building codes and zoning requirements with the City of Bismarck before proceeding.
Key Highlights
- Approximately 1, 884 square feet available
- Delivered as a shell for buyer‑directed customization
- CG zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,470
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,400
$489.4K
Cap Rate 7%
$349,571
$349.6K
Cap Rate 9%
$271,889
$271.9K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$38.0K $20.16/SF
− Vacancy
−$5.4K −$2.84/SF
EGI
$32.6K $17.32/SF
− OpEx
−$8.2K −$4.33/SF
NOI
$24.5K $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%
$489,400
Cap Rate 7%
$349,571
Cap Rate 9%
$271,889
Alternative Uses
Best Use
Office B
$349.6K
$305.9K – $407.8K
NOI $24,470 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.3K
$392.3K – $523.1K
NOI $31,383 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 58503, ND
37,157
Population
15,997
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
135.6 sq mi
ZIP Area
274
Density / Sq Mi
$105,108
Median Household Income
$60,058
Median Earnings
$1,131
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - CG-zoned office space is delivered unfinished for buyer customization.
Where is this office unit located?
The property is located at 104-4475 Coleman St Bismarck, ND.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Approximately 1, 884 square feet available; Delivered as a shell for buyer‑directed customization; CG zoning
