Flex Property with Shop and
For Sale
$1,250,000
1406 E Broadway, Bismarck, ND 58501
Two-suite flex building includes a leased unit, office/shop space with spray booth, and 15 storage units.
Property Size3,587 SF
Price / SF$348.48
Days on Market133
Property Features for 1406 E Broadway
General Information
Standard status
Active
Size
3,587 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,923
Amenities
4643.00
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Capital Real Estate Partners
Listed By:
Angie L Bitzan
(701) 223-3030
Source:
Clearwaterproperties
Added: Jun 12
Changed: Oct 21
Last Checked: Oct 20 at 7:47PM
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 Capital Real Estate Partners
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 flex property offers a flexible layout with multiple income-producing components. One suite is currently leased to a commercial tenant, providing immediate rental income. The second suite was previously home to an auto-body business and includes office space, a spacious shop area, and a spray booth, supporting a range of automotive-related work setups. In addition, the property includes 15 storage units, with 14 units approximately 12x22 and one oversized unit for additional storage capacity.
Located in the heart of Bismarck, the property sits on a large lot designed to support accessibility for trucks, equipment, and customer parking. The offering is sold as is, and the agent is related to the seller.
Located in the heart of Bismarck, the property sits on a large lot designed to support accessibility for trucks, equipment, and customer parking. The offering is sold as is, and the agent is related to the seller.
Key Highlights
- Two‑suite commercial/flex building with one suite currently leased for immediate rental income
- Second suite includes office space, a spacious shop area, and a spray booth
- Includes 15 storage units: 14 units approx. 12x22 plus 1 oversized unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,369
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,380
$927.4K
Cap Rate 7%
$662,414
$662.4K
Cap Rate 9%
$515,211
$515.2K
Market Conditions
NOI Build-Up for 3,587 SF
Gross rent
$68.0K $18.96/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$66.2K $18.47/SF
− OpEx
−$19.9K −$5.54/SF
NOI
$46.4K $12.93/SF
Area
Burleigh County, ND
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,380
Cap Rate 7%
$662,414
Cap Rate 9%
$515,211
Alternative Uses
Best Use
Retail
$662.4K
$579.6K – $772.8K
NOI $46,369 @ 7.0% cap · market cap 3.71%
Second Best
Flex RnD
$400.8K
$350.7K – $467.6K
NOI $28,057 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$853.6K
$746.9K – $995.9K
NOI $59,751 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,342
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Bistro 1100 — 1103 E Front Ave, Bismarck, ND 58504
- I Do Catering — Bismarck, ND 58501
Frequently Asked Questions
What type of property is this?
Flex space - Two-suite flex building includes a leased unit, office/shop space with spray booth, and 15 storage units.
Where is this flex space located?
The property is located at 1406 E Broadway Bismarck, ND.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑suite commercial/flex building with one suite currently leased for immediate rental income; Second suite includes office space, a spacious shop area, and a spray booth; Includes 15 storage units: 14 units approx. 12x22 plus 1 oversized unit
