Office Unit with Conference
New
For Sale
$675,000
1401 Skyline Boulevard F, Bismarck, ND 58503
A 1,900-square-foot business condominium offers a four-office layout with reception and flexible storage space.
Property Size1,900 SF
Price / SF$355.26
Days on Market4
Property Features for 1401 Skyline Boulevard F
General Information
Standard status
Active
Size
1,900 SF
Elevators
Yes
Property subtype
Commercial
Amenities
common area bathrooms
Building Details
Tenancy
Multi
Listing Agency:
Realty One Group - Encore
(701) 223-3030
Listed By:
PATRICK KOSKI · License #8121
(701) 471-1331
Source:
Trademarknd
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 9:11AM
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.
This office unit is configured as a business condominium with 1,900 square feet of interior space. The floor plan includes four offices, a reception area, a large conference room, a break room, and a sizable storage/flex room. Some furniture may be included in the sale.
The suite is in a business park in northwest Bismarck. Building amenities include elevator access and shared common-area bathrooms.
The suite is in a business park in northwest Bismarck. Building amenities include elevator access and shared common-area bathrooms.
Key Highlights
- 1,900 square feet of office/medical space
- Four offices, reception area, conference room, break room, and storage/flex room
- Business condominium in a northwest Bismarck business park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,677
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,540
$493.5K
Cap Rate 7%
$352,529
$352.5K
Cap Rate 9%
$274,189
$274.2K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$38.3K $20.16/SF
− Vacancy
−$5.4K −$2.84/SF
EGI
$32.9K $17.32/SF
− OpEx
−$8.2K −$4.33/SF
NOI
$24.7K $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%
$493,540
Cap Rate 7%
$352,529
Cap Rate 9%
$274,189
Alternative Uses
Best Use
Office B
$352.5K
$308.5K – $411.3K
NOI $24,677 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.1K
$395.6K – $527.5K
NOI $31,650 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - A 1,900-square-foot business condominium offers a four-office layout with reception and flexible storage space.
Where is this office units located?
The property is located at 1401 Skyline Boulevard F 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: 1,900 square feet of office/medical space; Four offices, reception area, conference room, break room, and storage/flex room; Business condominium in a northwest Bismarck business park
