Condo Shop With Storage
For Sale
$316,900
Pending
3224 Airway Avenue, Bismarck, ND 58504
Condo shop units include a 14x14 overhead door, 16-foot sidewalls, and optional individually secured fenced storage.
Property Size2,040 SF
Days on Market29
Property Features for 3224 Airway Avenue
General Information
Standard status
Pending
Size
2,040 SF
Total Parking Spaces
137
Property subtype
Commercial
Lease Type
NNN
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Heavy Power
Yes
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Oaktree Realty
(701) 226-5942
Listed By:
DARREN SCHMIDT · License #7897
Source:
Clearwaterproperties
Added: Jul 4
Changed: Jul 22
Last Checked: Aug 1 at 2:34AM
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 Oaktree Realty
Investment Insights
Based on property information with market context.
The Airway Project Shop Condominiums offer individual condo shop units designed for business or personal use, with the option for each unit to have an individually secured outside fenced storage area. Units feature a 14x14 front overhead door with opener and WIFI connection capabilities, 16-foot sidewalls, energy efficient radiant heat, hot and cold water, a trench floor drain, and 220A–220v 3-phase electrical power. A front office with a window includes an installed PTAC heat and A/C unit, and the bathroom includes a toilet, sink, and a 50-gallon water heater with an option for a shower and laundry area. Each unit also provides front and rear service doors for legal business operations, with the interior available in configurations that can be combined using an open interior span.
Located in south Bismarck with easy access to Bismarck Expressway and I-94, the development includes lighted exterior areas and signage space, plus a total of 137 parking spaces. An association governed by covenants and by-laws maintains snow removal, water, sewer, exterior maintenance, and exterior insurance. Units are expected to be ready for occupancy in Summer 2026, and some photos reflect previously completed units.
Located in south Bismarck with easy access to Bismarck Expressway and I-94, the development includes lighted exterior areas and signage space, plus a total of 137 parking spaces. An association governed by covenants and by-laws maintains snow removal, water, sewer, exterior maintenance, and exterior insurance. Units are expected to be ready for occupancy in Summer 2026, and some photos reflect previously completed units.
Key Highlights
- 2025‑built Airway Project Shop Condominiums with 2,010–2,040 SF condo shop units (for sale or for lease).
- 14x14 front overhead door with opener and WiFi connection; 16‑foot sidewalls and open interior span option for combined units.
- Energy efficient radiant heat, hot & cold water, and 220A (220v 3‑phase) electrical power.
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 | $28.2k | $13.80 |
| − Vacancy | −$3.6k | −$1.77 |
| EGI | $24.5k | $12.03 |
| − OpEx | −$8.6k | −$4.21 |
| NOI | $16.0k | $7.82 |
2,040 SF · lease $13.80/SF/yr · vacancy 12.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$228.0K
$199.5K – $266.0K
NOI $15,957 @ 7.0% cap · market cap 5.04%
Second Best
Warehouse
$144.1K
$126.1K – $168.1K
NOI $10,084 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$485.5K
$424.8K – $566.4K
NOI $33,982 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Key West Cafe Food Truck — carpet garage, bismarck, nd 58504
Frequently Asked Questions
What type of property is this?
Flex space - Condo shop units include a 14x14 overhead door, 16-foot sidewalls, and optional individually secured fenced storage.
Where is this flex space located?
The property is located at 3224 Airway Avenue Bismarck, ND.
What is the asking price?
The asking price for this property is $316,900.
What are key features of this property?
This property features: 2025‑built Airway Project Shop Condominiums with 2,010–2,040 SF condo shop units (for sale or for lease).; 14x14 front overhead door with opener and WiFi connection; 16‑foot sidewalls and open interior span option for combined units.; Energy efficient radiant heat, hot & cold water, and 220A (220v 3‑phase) electrical power.
