Office Condo with Flex
New
For Sale
$675,000
1401 Skyline, Bismarck, ND 58503
A four-office layout includes shared elevator access and common-area restrooms.
Property Size1,908 SF
Price / SF$353.77
Days on Market2
Property Features for 1401 Skyline
General Information
Standard status
Active
Size
1,908 SF
Elevators
Yes
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,535
Amenities
common area bathrooms
Garage: Shared Driveway, Common
Style: See Remarks
0.00
See Remarks
Shared Driveway, Common
Building Details
Year Built
2013
Listing Agency:
Realty One Group - Encore
Listed By:
PATRICK KOSKI · License #8121
(701) 471-1331
Source:
Clearwaterproperties
Added: Oct 4
Last Checked: Oct 4 at 2:01PM
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 Realty One Group - Encore
Investment Insights
Based on property information with market context.
Built in 2013, this office condominium is arranged with four offices, a reception area, a conference room, a break room, and a storage/flex room. Furniture may be included in the sale.
The suite is in a business park in northwest Bismarck. Building amenities include a shared elevator and common-area restrooms.
The suite is in a business park in northwest Bismarck. Building amenities include a shared elevator and common-area restrooms.
Key Highlights
- Four offices, reception area, conference room, break room, and storage/flex room
- Shared elevator and common‑area restrooms
- Located in a business park in northwest Bismarck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,781
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,620
$495.6K
Cap Rate 7%
$354,014
$354.0K
Cap Rate 9%
$275,344
$275.3K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$38.5K $20.16/SF
− Vacancy
−$5.4K −$2.84/SF
EGI
$33.0K $17.32/SF
− OpEx
−$8.3K −$4.33/SF
NOI
$24.8K $12.99/SF
Area
Burleigh County, ND
Vacancy
14.10%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,620
Cap Rate 7%
$354,014
Cap Rate 9%
$275,344
Alternative Uses
Best Use
Office B
$354.0K
$309.8K – $413.0K
NOI $24,781 @ 7.0% cap · market cap 3.67%
Second Best
Healthcare Medical
$324.9K
$284.3K – $379.1K
NOI $22,746 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$454.0K
$397.3K – $529.7K
NOI $31,783 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 58503, ND
37,157
Population
15,997
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
135.6 sq mi
ZIP Area
274
Density / Sq Mi
$105,108
Median Household Income
$60,058
Median Earnings
$1,131
Median Rent
$383,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - A four-office layout includes shared elevator access and common-area restrooms.
Where is this office units located?
The property is located at 1401 Skyline Bismarck, ND.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four offices, reception area, conference room, break room, and storage/flex room; Shared elevator and common‑area restrooms; Located in a business park in northwest Bismarck
