Class A Office
For Sale
$5,000,000
812 Burlington Dr, Bismarck, ND 58504
Professional office building featuring high-quality interior finishes and modern amenities.
Property Size22,112 SF
Price / SF$226.12
Days on Market148
Property Features for 812 Burlington Dr
General Information
Standard status
Active
Size
22,112 SF
Property subtype
Office
Building Details
Year Built
2013
Listing Agency:
Rise Property Brokers
(701) 425-9427
Listed By:
Adam Geiger, CCIM · License #ND #10233
Source:
Risepropertybrokers
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 1 at 5:52AM
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.
The Levinson Technology & Business Center is a professional Class A office building suitable for investors and users. The building has a spacious layout of 22,112 square feet, designed for office or business use. The interior features a geothermal heating system with 61 wells, separately zoned offices, LED lighting, and wood, steel, and concrete construction. Interior walls are built with EIFS and drywall, and the flooring consists of tile and birch. There are three public restrooms and two private restrooms. A 2,500lb capacity handicapped accessible elevator is available. The building includes a central pump system with variable speed heat pumps and controls for each area, fresh air circulation, and a filtered water system. Insulated concrete form walls with steel support, a wood truss system with steel webbing, and spray foam insulation contribute to the building's structure. The property has no interior support beams for an open floor plan. A natural gas fired back-up generator and a fully sprinkled fire suppression system are in place. The building has a secured card access system, a 24-hour security control system with cameras, and a 24-hour building radius security system. Additional features include a glass front and roof atrium, a sheltered drop-off and pick-up location, signage availability, and ample off-street parking. The steel shingled roof is currently being replaced.
Key Highlights
- Class A professional office building with 22,112 SF layout
- Geothermal heating system with separately zoned offices for customized climate control and energy efficiency.
- Robust security features including a 24‑hour security control system with cameras and secured card access.
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 | $445.8k | $20.16 |
| − Vacancy | −$62.9k | −$2.84 |
| EGI | $382.9k | $17.32 |
| − OpEx | −$95.7k | −$4.33 |
| NOI | $287.2k | $12.99 |
22,112 SF · lease $20.16/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.10M
$3.59M – $4.79M
NOI $287,192 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.26M
$4.60M – $6.14M
NOI $368,336 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Professional office building featuring high-quality interior finishes and modern amenities.
Where is this office building located?
The property is located at 812 Burlington Dr Bismarck, ND.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Class A professional office building with 22,112 SF layout; Geothermal heating system with separately zoned offices for customized climate control and energy efficiency.; Robust security features including a 24‑hour security control system with cameras and secured card access.
