Light Industrial Flex
1414 Industrial Dr Bismarck, ND 58501
1414 Industrial Dr, Bismarck, ND, 58501
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For Sale
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Light industrial flex building with a shop, dedicated office space, and radiant heat plus floor drains.
Property Size9,920 SF
Price / SF$151.21
Days on Market171
Property Features for 1414 Industrial Dr
General Information
- Standard status
- Active
- Size
- 9,920 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2010
Listing agency
Rise Property Brokers, Inc.
(701) 222-0232
Listed by
Adam Geiger · License #ND 10233
Source
Crexi
Added: Feb 2 Updated: Jul 22 at 8:02PM Checked: Jul 22 at 8:02PM
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 Rise Property Brokers, Inc.
Investment Insights
Based on property information with market context.
This light industrial flex building totals 9,920 square feet and is configured with a 6,560 SF shop area and 3,360 SF of office space. The office includes a lobby with a built-in reception desk, private offices, and a break area with kitchenette. The property is equipped with radiant heat, a new furnace, and a security system, and features practical shop components such as floor drains and a storage mezzanine.
The building is positioned for convenient access to I-94 and Bismarck Expressway, supporting efficient daily operations.
Constructed in 2010, the property is zoned MA (Light Industrial), offering an owned option for buyers seeking a combined shop and office layout within a light industrial designation.
The building is positioned for convenient access to I-94 and Bismarck Expressway, supporting efficient daily operations.
Constructed in 2010, the property is zoned MA (Light Industrial), offering an owned option for buyers seeking a combined shop and office layout within a light industrial designation.
Key Highlights
- 9,920 SF light industrial flex building built in 2010 with 6,560 SF shop and 3,360 SF office space
- Shop includes radiant heat and floor drains, plus a storage mezzanine
- Office area features a lobby with built‑in reception desk, private offices, and a break area with kitchenette
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 | $200.0k | $20.16 |
| − Vacancy | −$28.2k | −$2.84 |
| EGI | $171.8k | $17.32 |
| − OpEx | −$42.9k | −$4.33 |
| NOI | $128.8k | $12.99 |
9,920 SF · lease $20.16/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,842 @ 7.0% cap · market cap 8.59%
Second Best
Flex RnD
$1.11M
$969.9K – $1.29M
NOI $77,593 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,245 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Max Power Blasting
Renovation Specialist
ISI LAWNS
Landscaping
Indoor Services
General Contractor
Kitchen's By Design
Hardware & Home Improvement
B & B Dirtworks
Construction Company
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FAQs
What type of property is this?
Flex space - Light industrial flex building with a shop, dedicated office space, and radiant heat plus floor drains.
Where is this flex space located?
The property is located at 1414 Industrial Dr Bismarck, ND.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,920 SF light industrial flex building built in 2010 with 6,560 SF shop and 3,360 SF office space; Shop includes radiant heat and floor drains, plus a storage mezzanine; Office area features a lobby with built‑in reception desk, private offices, and a break area with kitchenette
