Bismarck Industrial Property on
1260 & 1278 Hemlock Street Bismarck, ND 58504
For Sale
$1,900,000
30,000 SF industrial building on 2.84 acres for sale.
Property Size30,000 SF
Lot Size2.85 Acres
Price / SF$63.33
Days on Market114
Property Features for 1260 & 1278 Hemlock Street
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 2.85 Acres
- Property subtype
- Industrial
Listing Agency:
Rise Property Brokers
(701) 425-9427
Listed By:
Adam Geiger, CCIM · License #ND #10233
Source:
Risepropertybrokers
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 10 at 1:16PM
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 expansive property, suitable for industrial, warehouse, or distribution purposes, spans 2.84 acres and features a 30,000 SF building. The property is currently occupied by a state entity, a local distributor, and includes vacant space available for investment or owner occupancy. The building was constructed in 1979 and is zoned MA Light Industrial. The owner occupies 5,598 SF of 1260 Hemlock and will vacate upon closing. A local distributor occupies 6,402 SF of 1260 Hemlock. The State of ND OMB occupies 1278 Hemlock. The property has well and septic and is located in the county, just outside city limits. The buyer is responsible for verifying the flood plain status. The sale includes properties at 1260, 1278, 1281, 1275, 1269, 1261, and 1253 Hemlock Street. The property benefits from easy access to the East Bismarck Expressway.
Key Highlights
- 30,000 SF building ideal for industrial, warehouse, or distribution purposes.
- Strategic location with easy access to the East Bismarck Expressway.
- Includes multiple parcels totaling 2.85 acres.
Financial Insights For Warehouse
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 | $187.2k | $6.24 |
| − Vacancy | −$12.7k | −$0.42 |
| EGI | $174.5k | $5.82 |
| − OpEx | −$26.2k | −$0.87 |
| NOI | $148.3k | $4.94 |
30,000 SF · lease $6.24/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.12M
$1.85M – $2.47M
NOI $148,300 @ 7.0% cap · market cap 7.81%
Second Best
Industrial
$1.83M
$1.60M – $2.14M
NOI $128,205 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$7.14M
$6.25M – $8.33M
NOI $499,732 @ 7.0% cap · market cap 26.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Prairie Distributing
Distribution Center
Similar Off Market Nearby
- Bismarck Storage — Cavalry Dr, Bismarck, ND 58504
- 7-Up Warehouse — 1244 Hemlock St, Lincoln, ND 58504
- Spee-Dee Delivery Service Inc — Bismarck, ND 58501
- S & W Portable Storage Inc. — 4630 Carbine Dr, Lincoln, ND 58504
FAQs
What type of property is this?
Warehouse - 30,000 SF industrial building on 2.84 acres for sale.
Where is this warehouse located?
The property is located at 1260 & 1278 Hemlock Street Bismarck, ND.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 30,000 SF building ideal for industrial, warehouse, or distribution purposes.; Strategic location with easy access to the East Bismarck Expressway.; Includes multiple parcels totaling 2.85 acres.
