Auto Shop with
For Sale
$500,000
12-1409 Lockheed Dr, Bismarck, ND
Commercial auto service space with HVAC, office, laundry, and an EV charging station.
Property Size1,760 SF
Price / SF$284.09
Days on Market236
Property Features for 12-1409 Lockheed Dr
General Information
Standard status
Active
Size
1,760 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,134
Amenities
Loft
HVAC
Tiled bathroom with Shower
On-demand water heater
Office
Laundry
Level 2 EV charger
Ring doorbell
Listing Agency:
Black Star Realty
(701) 805-1144
Listed By:
Gene Seydel · License #10725
(406) 696-7134
Source:
Exprealty
Added: Mar 11
Changed: Oct 26
Last Checked: Oct 30 at 6:38PM
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 Black Star Realty
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 auto shop at 12-1409 Lockheed Dr includes a loft, HVAC, office area, laundry, and a tiled bathroom with shower. The property also features an on-demand hot water heater, Stage 2 EV charger, and wired Ring doorbell. Property size is listed as 1,760, with the space offered for purchase in Bismarck, North Dakota.
Key Highlights
- 1,760 property size at 12‑1409 Lockheed Dr
- Loft, office area, and laundry included
- HVAC and tiled bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,751
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,020
$455.0K
Cap Rate 7%
$325,014
$325.0K
Cap Rate 9%
$252,789
$252.8K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$33.4K $18.96/SF
− Vacancy
−$868 −$0.49/SF
EGI
$32.5K $18.47/SF
− OpEx
−$9.8K −$5.54/SF
NOI
$22.8K $12.93/SF
Area
Burleigh County, ND
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,020
Cap Rate 7%
$325,014
Cap Rate 9%
$252,789
Alternative Uses
Best Use
Retail
$325.0K
$284.4K – $379.2K
NOI $22,751 @ 7.0% cap · market cap 4.55%
Second Best
Industrial
$107.4K
$94.0K – $125.4K
NOI $7,521 @ 7.0% cap · market cap 1.50%
Theoretical Best
Office A
$418.8K
$366.5K – $488.6K
NOI $29,318 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial auto service space with HVAC, office, laundry, and an EV charging station.
Where is this auto shop located?
The property is located at 12-1409 Lockheed Dr Bismarck, ND.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,760 property size at 12‑1409 Lockheed Dr; Loft, office area, and laundry included; HVAC and tiled bathroom with shower
