Flex Space with Multiple Overhead
For Sale
Contact for pricing
1212 Airport Rd, Bismarck, ND 58504
Flex space combining office and warehouse areas with multiple overhead doors and loading docks for industrial operations.
Property Size20,224 SF
Lot Size1.14 Acres
Price / SF$96.42
Days on Market158
Property Features for 1212 Airport Rd
General Information
Standard status
Active
Size
20,224 SF
Lot size
1.14 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
2
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Amenities
Reception Space
Offices
Open Work Area
Storage Rooms
Break Room
IT Room
Restrooms
Conference Room
Water Fountain
Building Details
Building Size
20,224 SF
Listing Agency:
Aspen Group
(701) 400-7808
Listed By:
Michael Ilse · License #8214
(701) 400-7808
Source:
Moodyscre
Added: Feb 24
Changed: Jul 29
Last Checked: Jul 31 at 11:13AM
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 flex space industrial building offers a functional mix of office and warehouse areas totaling 20,224 SF on 1.14 acres along Airport Road in Bismarck. The office portion includes a second-floor reception area with four private offices, an open work area, multiple storage rooms, a break room, an IT room, a conference room, and restrooms.
The warehouse is equipped with a wide variety of overhead doors, including multiple 14’ and 20’ wide options plus 22’ wide doors. Loading capabilities include two loading docks with a concrete platform. The facility also includes a floor drain and a heated shop, along with water fountain and men’s and women’s restrooms.
Electrical service includes 240V 3-phase power, supporting a range of industrial uses such as fabrication or distribution.
The warehouse is equipped with a wide variety of overhead doors, including multiple 14’ and 20’ wide options plus 22’ wide doors. Loading capabilities include two loading docks with a concrete platform. The facility also includes a floor drain and a heated shop, along with water fountain and men’s and women’s restrooms.
Electrical service includes 240V 3-phase power, supporting a range of industrial uses such as fabrication or distribution.
Key Highlights
- 20,224 SF flex space on 1.14 acres along Airport Road
- Office area with reception, four private offices, open work area, break room, and conference room
- Warehouse overhead doors include multiple 14’, 20’, and 22’ wide options
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 | $279.1k | $13.80 |
| − Vacancy | −$35.7k | −$1.77 |
| EGI | $243.4k | $12.03 |
| − OpEx | −$85.2k | −$4.21 |
| NOI | $158.2k | $7.82 |
20,224 SF · lease $13.80/SF/yr · vacancy 12.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$3.75M
$3.28M – $4.38M
NOI $262,671 @ 7.0% cap · market cap 13.47%
Second Best
Flex RnD
$2.26M
$1.98M – $2.64M
NOI $158,189 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$4.81M
$4.21M – $5.61M
NOI $336,886 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Dock-high doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Balanced
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Key West Cafe Food Truck — carpet garage, bismarck, nd 58504
Frequently Asked Questions
What type of property is this?
Flex space - Flex space combining office and warehouse areas with multiple overhead doors and loading docks for industrial operations.
Where is this flex space 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: 20,224 SF flex space on 1.14 acres along Airport Road; Office area with reception, four private offices, open work area, break room, and conference room; Warehouse overhead doors include multiple 14’, 20’, and 22’ wide options
