Functional Flex Space with Modern
For Sale
$1,250,000
1414 Industrial Dr Ste B, Bismarck, ND 58501
9,920 SF property with shop and office space.
Property Size9,920 SF
Price / SF$126.01
Days on Market148
Property Features for 1414 Industrial Dr Ste B
General Information
Standard status
Active
Size
9,920 SF
Property subtype
Office
Building Details
Year Built
2010
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 3:12AM
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 9,920 square foot property includes a 6,560 SF shop area and 3,360 SF of office space. The office area is divided into 2,000 SF on the main floor and 1,360 SF on the second level. The property features a lobby with a built-in reception desk, seven private offices, and a break area with a kitchenette. There are three restrooms, one of which includes a shower, as well as file and storage rooms. The building includes 14' overhead doors in the front and 8' doors in the back. Radiant heat, floor drains, and a storage mezzanine are also present. The building has 16' sidewalls and was built in 2010. A new furnace and security system are installed. The property is located less than a mile from I-94 with easy access to the Bismarck Expressway. The HOA is $4,708 annually and covers snow removal, lawn care, water, and exterior insurance. The 2025 taxes are $13,385.48, with a specials balance of $470.50 and specials installments of $380.51. Electricity costs range from $300 to $500 per month.
Key Highlights
- Large 6,560 SF shop area and 3,360 SF office space.
- Convenient location with easy access to I‑94 and Bismarck Expressway.
- Modern amenities including a lobby with reception desk, private offices, and break area with kitchenette.
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 | $136.9k | $13.80 |
| − Vacancy | −$17.5k | −$1.77 |
| EGI | $119.4k | $12.03 |
| − OpEx | −$41.8k | −$4.21 |
| NOI | $77.6k | $7.82 |
9,920 SF · lease $13.80/SF/yr · vacancy 12.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,842 @ 7.0% cap · market cap 10.31%
Second Best
Flex RnD
$1.11M
$969.9K – $1.29M
NOI $77,593 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,245 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
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.
Frequently Asked Questions
What type of property is this?
Flex space - 9,920 SF property with shop and office space.
Where is this flex space located?
The property is located at 1414 Industrial Dr Ste B Bismarck, ND.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Large 6,560 SF shop area and 3,360 SF office space.; Convenient location with easy access to I‑94 and Bismarck Expressway.; Modern amenities including a lobby with reception desk, private offices, and break area with kitchenette.
