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    Spacious Warehouse with Extensive Features Title is generated by Realmo AI

    1212 Airport Rd, Bismarck, ND

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    Warehouse with retail area, office space, and multiple overhead doors.

    Type:INDUSTRIAL
    Property size:
    21,103 SF
    Lot size:
    1.14 Acres
    Price / SF:
    $92/SF
    Added:
    Nov 24, 2025
    Days on Market:
    205
    Last Refresh:
    May 20 at 8:51 pm

    Property Features for 1212 Airport Rd

    General Information

    Standard status
    Active
    Size
    21,103 SF
    Lot size
    1.14 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Michael Ilse
    Michael Ilse

    Listing agent Michael Ilse License #8214

    Listing office Aspen Group

    Listing date Nov 24, 2025

    Source Moodyscre

    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

    HighLights

    • Multiple Overhead Doors: Featuring a variety of sizes, including (4) 20'x14' and (1) 22'x12', for versatile access.
    • Heated Shop/Warehouse with Floor Drains: Offers a functional and comfortable workspace.
    • Equipped with 3‑Phase 120/240V Twin 200 amp Power, suitable for industrial equipment.
    • Dock Doors with Levelers: Features (2) 8'x8' dock doors with levelers for efficient loading and unloading.
    • Retail/Reception Area and Two‑Story Office: Combines office and retail space.
    • Available July 1, 2025: Provides a specific occupancy date.

    Overview

    This property features a retail and reception area, along with a two-story office space. The shop and warehouse area is heated and includes floor drains. It is equipped with 3-Phase 120/240V Twin 200 amp power. There are two 8'x8' dock doors with levelers. The property includes multiple overhead doors: two measuring 14'x12', one measuring 14'x14', four measuring 20'x14', one measuring 22'x12', and one measuring 8'x10'. The property can be leased in conjunction with 1236 Airport Rd. Occupancy is available starting July 1, 2025. The property size is 21103 square feet.

    Local Financial Insights For Warehouse

    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 $131.7k $6.24
    − Vacancy −$9.0k −$0.42
    EGI $122.7k $5.82
    − OpEx −$18.4k −$0.87
    NOI $104.3k $4.94
    21,103 SF · lease $6.24/SF/yr · vacancy 6.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.49M
    $1.30M – $1.74M (±1% cap)
    NOI $104,319 @ 7.0% cap · market cap 5.35%
    Second Best
    Industrial
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,184 @ 7.0% cap · market cap 4.62%
    Theoretical Best
    Office A
    $5.02M
    $4.39M – $5.86M (±1% cap)
    NOI $351,528 @ 7.0% cap · market cap 18.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    FedEx Ship Center Shipping Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Econ-O-Storage — 1343 Republic St, Bismarck, ND 58504
    • Air Way Storage — 2200 Airway Ave, Bismarck, ND 58504
    • Sss Storage — 2017 Morrison Ave, Bismarck, ND 58504
    • C & J Storage — 1319 Continental Ave, Bismarck, ND 58504
    • Z's Storage Rentals LLC — 1709 Park Ave, Bismarck, ND 58504

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.764
    Latitude
    46.7916

    FAQs

    What type of property is this?
    Warehouse - Warehouse with retail area, office space, and multiple overhead doors.
    Where is this warehouse located?
    The property is located at 1212 Airport Rd Bismarck, ND.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Multiple Overhead Doors: Featuring a variety of sizes, including (4) 20'x14' and (1) 22'x12', for versatile access.; Heated Shop/Warehouse with Floor Drains: Offers a functional and comfortable workspace.; Equipped with 3‑Phase 120/240V Twin 200 amp Power, suitable for industrial equipment.
    (701) 400-7808 Call to check price and availability
    More about this property
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