High-Visibility Commercial Building For
1237 W Divide Ave, Bismarck, ND 58501
Landmark building on high-traffic corner with existing leases.
Type:Office
Property size:
64,286 SFLot size:
4.91 AcresPrice / SF:
$177/SF- Added:
- Mar 6, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 5 at 11:49 pm
Property Features for 1237 W Divide Ave
General Information
- Standard status
- Active
- Size
- 64,286 SF
- Lot size
- 4.91 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing agent Jon Lee License #ND #11237 (701) 400-4445
Listing office Rise Property Brokers (701) 400-4445
Listing date Mar 6, 2026
Source Risepropertybrokers
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
HighLights
- High‑Traffic Corner Location: Situated at the intersection of I‑94 and Divide, ensuring maximum visibility and exposure.
- Existing Lease Agreements: Provides immediate income and investment potential.
- High Visibility Landmark Building: A recognizable landmark in the Bismarck area.
- Versatile CG Zoning & Clear Span Design: Allows for multiple uses and flexible interior configurations.
- Large Building and Lot Size: 64,286 SF building on a 214,009 SF lot.
- Maintenance‑Free Exterior & Several Updates: Reduces ongoing operational costs and provides a modern appeal.
Overview
Constructed in 1980 and zoned CG, this property provides a versatile space suitable for various uses. The building features a clear span design, red iron construction, and has undergone several updates. It benefits from high visibility due to its location on the high-traffic corner of I-94 and Divide, experiencing 13,500 vehicles per day (VPD) on W Divide Ave and 19,335 VPD on I-94/Schafer Street. The property is ADA compliant, heated, and insulated, with a maintenance-free exterior. The building, a recognizable landmark near Bismarck State College, the Highland Acres Neighborhood, and the Bismarck Community Bowl, includes large windows, a lobby/reception area, a conference room, private offices, common restrooms, and fire sprinklers. It also offers pylon signage and abundant parking. The building size is 64,286 square feet, situated on a 214,009-square-foot lot. The 2024 taxes are $117,328.90, with a specials balance of $48,902.26 and specials installments of $8,554.52. The property has a 7.1% cap rate.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$9.28M
NOI $834,952 @ 9.00% cap · cautious / downside scenario
Moderate
$11.93M
NOI $834,952 @ 7.00% cap · market / base-case scenario
Aggressive
$16.70M
NOI $834,952 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.30M | $20.16 |
| − Vacancy | −$182.7k | −$2.84 |
| EGI | $1.11M | $17.32 |
| − OpEx | −$278.3k | −$4.33 |
| NOI | $835.0k | $12.99 |
64,286 SF · lease $20.16/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$11.93M
$10.44M – $13.92M
NOI $834,952 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.30M
$13.39M – $17.85M
NOI $1,070,859 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hay Lisa
Physician
Roger A. Larson, PsyD
Physician
Timpe Charlene
Medical Clinic
Vocational Rehabilitation
Medical Clinic
Human Service Center
Social Service Agency
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.814
- Latitude
- 46.8247
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Landmark building on high-traffic corner with existing leases.
Where is this office building located?
The property is located at 1237 W Divide Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $11,400,000.
What are key features of this property?
This property features: High‑Traffic Corner Location: Situated at the intersection of I‑94 and Divide, ensuring maximum visibility and exposure.; Existing Lease Agreements: Provides immediate income and investment potential.; High Visibility Landmark Building: A recognizable landmark in the Bismarck area.
