Industrial Warehouse with
1202 Airport Rd Bismarck, ND 58504
1202 Airport Rd, Bismarck, ND, 58504
Contact for pricing
For Sale
Contact for pricing
Functional industrial building includes a bright showroom, two offices, and radiant-heated warehouse space with a platform loading dock.
Property Size7,416 SF
Lot Size0.62 Acres
Price / SF$117.99
Days on Market148
Property Features for 1202 Airport Rd
General Information
- Standard status
- Active
- Size
- 7,416 SF
- Lot size
- 0.62 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Aspen Group
(701) 400-7808
Listed by
Michael Ilse · License #8214
(701) 400-7808
Source
Moodyscre
Added: Feb 24 Updated: Jul 22 at 5:58PM Checked: Jul 22 at 5:58PM
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 Aspen Group
Investment Insights
Based on property information with market context.
This versatile industrial property includes 7,416 SF of functional space on a 0.62-acre lot. The building is well maintained and features a bright showroom, two offices, and an IT room, along with two bathrooms for day-to-day operations.
The warehouse area is equipped with radiant heat and a platform loading dock to support efficient receiving and distribution. Practical utility features include a mop sink and floor drain.
Overall, the layout combines customer-facing showroom space with dedicated office and support rooms, backed by a heated warehouse and docked loading for industrial or service-oriented use.
The warehouse area is equipped with radiant heat and a platform loading dock to support efficient receiving and distribution. Practical utility features include a mop sink and floor drain.
Overall, the layout combines customer-facing showroom space with dedicated office and support rooms, backed by a heated warehouse and docked loading for industrial or service-oriented use.
Key Highlights
- 7,416 SF industrial building on a 27,094 SF (0.62‑acre) lot on Airport Road
- Warehouse has radiant heat and a platform loading dock for loading and storage operations
- Interior includes a bright showroom plus two offices and an IT room
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.3k | $13.80 |
| − Vacancy | −$13.1k | −$1.77 |
| EGI | $89.2k | $12.03 |
| − OpEx | −$31.2k | −$4.21 |
| NOI | $58.0k | $7.82 |
7,416 SF · lease $13.80/SF/yr · vacancy 12.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.20M – $1.61M
NOI $96,320 @ 7.0% cap · market cap 11.01%
Second Best
Flex RnD
$828.7K
$725.1K – $966.8K
NOI $58,007 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,534 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Key West Cafe Food Truck — carpet garage, bismarck, nd 58504
FAQs
What type of property is this?
Flex space - Functional industrial building includes a bright showroom, two offices, and radiant-heated warehouse space with a platform loading dock.
Where is this flex space located?
The property is located at 1202 Airport Rd Bismarck, ND.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 7,416 SF industrial building on a 27,094 SF (0.62‑acre) lot on Airport Road; Warehouse has radiant heat and a platform loading dock for loading and storage operations; Interior includes a bright showroom plus two offices and an IT room
