Flex Property with Shop and
1406 E Broadway Avenue Bismarck, ND 58501
1406 E Broadway Avenue, Bismarck, ND, 58501
$1,250,000
For Sale
$1,250,000
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 Market109
Property Features for 1406 E Broadway Avenue
General Information
- Standard status
- Active
- Size
- 3,587 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing agency
(701) 220-7265
Listed by
Capital Real Estate Partners
(701) 220-7265
Source
Xome
Added: Apr 4 Updated: Jul 20 at 8:25PM Checked: Jul 21 at 3:10AM
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
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
Local Financial Insights For Office B
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 | $72.3k | $20.16 |
| − Vacancy | −$10.2k | −$2.84 |
| EGI | $62.1k | $17.32 |
| − OpEx | −$15.5k | −$4.33 |
| NOI | $46.6k | $12.99 |
3,587 SF · lease $20.16/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$665.5K
$582.4K – $776.5K
NOI $46,588 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$662.4K
$579.6K – $772.8K
NOI $46,369 @ 7.0% cap · market cap 3.71%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Preferred Heating & Air
HVAC Service
Continental Repair Auto ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- I Do Catering — Bismarck, ND 58501
- Bistro 1100 — 1103 E Front Ave, Bismarck, ND 58504
FAQs
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 Avenue 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
