Bismarck Investment Shop
2908 Morrison Avenue Bismarck, ND 58501
2908 Morrison Avenue, Bismarck, ND, 58501
$1,890,000
For Sale
$1,890,000
Fully leased commercial property near Walmart and Sam's Club.
Property Size12,000 SF
Price / SF$157.50
Days on Market138
Property Features for 2908 Morrison Avenue
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Investment Shop Condos
Building Details
- Year Built
- 2017
Listing agency
Rise Property Brokers
(701) 319-3000
Listed by
George Yineman · License #ND #7535
Source
Risepropertybrokers
Added: Mar 6 Updated: Jul 10 at 3:48PM Checked: Jul 21 at 6:48AM
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 Rise Property Brokers
Investment Insights
Based on property information with market context.
This commercial property, constructed in 2017, is located in south Bismarck, behind Walmart and Sam's Club. The building offers a total of 12,000 square feet of space, including 4,000 square feet of finished office and showroom area, and 8,000 square feet of shop and warehouse space. The property is located at 2908 Morrison Ave, Units 1-4. The property features commercial flooring, indirect LED lighting, and Cat 5 data jacks throughout. It also includes 14' roll-up doors with openers and 16' ceiling heights, as well as floor drains. The property is fully leased to reputable tenants. Suites 2, 3, and 4 are currently leased to Braun Intertec Corporation, and Suite 1 is leased to Loft 21 Boutique. The property is located in the MA Commercial zone.
Key Highlights
- Income‑generating property: Fully leased to reputable tenants.
- Modern 2017 construction with 12,000 SF of finished office/showroom and shop/warehouse space.
- Located in a high‑traffic commercial zone in South Bismarck.
Local Financial Insights For Office B
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 | $241.9k | $20.16 |
| − Vacancy | −$34.1k | −$2.84 |
| EGI | $207.8k | $17.32 |
| − OpEx | −$52.0k | −$4.33 |
| NOI | $155.9k | $12.99 |
12,000 SF · lease $20.16/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.60M
NOI $155,857 @ 7.0% cap · market cap 8.25%
Second Best
Flex RnD
$1.34M
$1.17M – $1.56M
NOI $93,862 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$2.86M
$2.50M – $3.33M
NOI $199,893 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
bismanbids.com
Trade Show Venue
BisManGuns
Gun Shop
Lot21 Boutique
Clothing & Fashion Store
Top Dog Grooming ...
Pet Grooming Service
United Country Dakota ...
Real Estate Agency
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 - Fully leased commercial property near Walmart and Sam's Club.
Where is this flex space located?
The property is located at 2908 Morrison Avenue Bismarck, ND.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Income‑generating property: Fully leased to reputable tenants.; Modern 2017 construction with 12,000 SF of finished office/showroom and shop/warehouse space.; Located in a high‑traffic commercial zone in South Bismarck.
