Medical Office Suite with Conference
New
For Sale
$675,000
1401 Skyline Boulevard F, Bismarck, ND 58503
A 1,900-square-foot condominium includes four offices, reception space, and shared building amenities.
Property Size1,900 SF
Price / SF$355.26
Days on Market2
Property Features for 1401 Skyline Boulevard F
General Information
Standard status
Active
Size
1,900 SF
Elevators
Yes
Additional Details
Property Use
Office/Medical
Listing Agency:
Realty One Group - Encore
(701) 751-7040
Listed By:
PATRICK KOSKI · License #8121
(701) 471-1331
Source:
Hunterroll
Added: Oct 30
Last Checked: Oct 30 at 3:16PM
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 Realty One Group - Encore
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,900-square-foot medical office condominium in northwest Bismarck is arranged with four private offices, a reception area, a conference room, a break room, and a storage/flex room. Some furniture may be included in the sale.
The suite is located in an established business park and shares an elevator and common-area restrooms with the building. Its mix of private offices, meeting space, reception, and support areas provides a defined setting for office or medical use.
The suite is located in an established business park and shares an elevator and common-area restrooms with the building. Its mix of private offices, meeting space, reception, and support areas provides a defined setting for office or medical use.
Key Highlights
- 1,900 square feet in a business condominium
- Four offices plus a reception area
- Conference room, break room, and storage/flex room
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
Healthcare Medical
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 3.36%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Well-served
Demand for This Use
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
Similar Off Market Nearby
- Bismarck Animal Clinic & Hospital — 1414 E Calgary Ave, Bismarck, ND 58503
- Buchholz Gerald DVM — 1414 E Calgary Ave, Bismarck, ND 58503, United States
- Bismarck Animal Clinic & Hospital: Caid Melissa DVM — 1414 E Calgary Ave, Bismarck, ND 58503
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 1,900-square-foot condominium includes four offices, reception space, and shared building amenities.
Where is this medical office space 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 in a business condominium; Four offices plus a reception area; Conference room, break room, and storage/flex room
