Flex Warehouse with Office
For Sale
$899,900
1100 Basin, Bismarck, ND 58504
Flex warehouse offering office areas, a boardroom, and a large presentation room with two overhead garage doors.
Property Size9,466 SF
Price / SF$95.07
Days on Market31
Property Features for 1100 Basin
General Information
Standard status
Active
Size
9,466 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$3,341
Amenities
two private bathrooms
offices
boardroom
breakroom
presentation room with stage
storage
Garage: Parking Lot, On Site
0.00
Parking Lot, On Site
Building Details
Year Built
1978
Listing Agency:
Better Homes and Gardens Real Estate Alliance Group
(701) 223-3030
Listed By:
Bill H Dean
Source:
Clearwaterproperties
Added: Jul 25
Changed: Aug 23
Last Checked: Aug 23 at 6:37AM
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 Better Homes and Gardens Real Estate Alliance Group
Investment Insights
Based on property information with market context.
This flex warehouse includes a main-floor office and amenity buildout with two private bathrooms, offices, a boardroom, a breakroom, and a large presentation room with a stage. The property also provides storage space and two overhead garage doors designed for loading and unloading convenience. Total building size is reported as 8,146 sq. ft., with the main floor described as 3,316 sq. ft.
The property is offered for sale. The address is 1100 Basin Avenue, Bismarck, ND 58504.
The combination of enclosed office space and warehouse access via two overhead garage doors supports a business setup that needs both work and presentation functionality within the same facility.
The property is offered for sale. The address is 1100 Basin Avenue, Bismarck, ND 58504.
The combination of enclosed office space and warehouse access via two overhead garage doors supports a business setup that needs both work and presentation functionality within the same facility.
Key Highlights
- Flex commercial space with 3,316 SF main floor office and meeting areas
- Includes offices, a boardroom, and a breakroom, plus two private bathrooms
- Large presentation room with a stage for meetings, trainings, or creative uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,042
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,480,840
$1.5M
Cap Rate 7%
$1,057,743
$1.1M
Cap Rate 9%
$822,689
$822.7K
Market Conditions
NOI Build-Up for 9,466 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$130.6K $13.80/SF
− Vacancy
−$16.7K −$1.77/SF
EGI
$113.9K $12.03/SF
− OpEx
−$39.9K −$4.21/SF
NOI
$74.0K $7.82/SF
Area
Burleigh County, ND
Vacancy
12.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,480,840
Cap Rate 7%
$1,057,743
Cap Rate 9%
$822,689
Alternative Uses
Best Use
Flex RnD
$1.06M
$925.5K – $1.23M
NOI $74,042 @ 7.0% cap · market cap 8.23%
Second Best
Warehouse
$668.5K
$584.9K – $779.9K
NOI $46,794 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,682 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58504, ND
29,517
Population
12,479
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
94%
High-School Grad
103.3 sq mi
ZIP Area
286
Density / Sq Mi
$78,671
Median Household Income
$45,817
Median Earnings
$940
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse offering office areas, a boardroom, and a large presentation room with two overhead garage doors.
Where is this flex space located?
The property is located at 1100 Basin Bismarck, ND.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Flex commercial space with 3,316 SF main floor office and meeting areas; Includes offices, a boardroom, and a breakroom, plus two private bathrooms; Large presentation room with a stage for meetings, trainings, or creative uses
