Flex Warehouse with
For Sale
Contact for pricing
1414 Industrial Dr, Bismarck, ND 58501
Flex warehouse offering 6,560 SF shop space and 3,360 SF of two-level office with radiant heat.
Property Size9,920 SF
Price / SF$126.01
Days on Market155
Property Features for 1414 Industrial Dr
General Information
Standard status
Active
Size
9,920 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Clear Height
16 ft
Amenities
Lobby with built-in reception desk
7 private offices
Break area with kitchenette
3 restrooms with 1 shower
File and storage rooms
Storage mezzanine
Radiant heat
Floor drains
Security system
Building Details
Year Built
2010
Listing Agency:
Rise Property Brokers
(701) 425-9427
Listed By:
Adam Geiger, CCIM · License #10233
Source:
Moodyscre
Added: Feb 27
Changed: Jul 28
Last Checked: Aug 1 at 4:05AM
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
Investment Insights
Based on property information with market context.
This flex warehouse includes 6,560 SF of shop area and 3,360 SF of office space. The office features a lobby with a built-in reception desk, seven private offices, and a break area with a kitchenette, along with file and storage rooms. There are three restrooms with one shower. The warehouse is equipped with 14' overhead doors at the front and 8' doors at the back, 16' sidewalls, radiant heat, and floor drains, plus a storage mezzanine.
The property includes outdoor exclusive parking and is less than a mile from I-94 with easy access. Built in 2010, it includes a new furnace and a security system (Premier Audio, alarm.com). HOA expenses are listed as $4,708 annually for snow, lawn, water, and exterior insurance. Electricity is estimated at $300–$500 per month. Taxes for 2025 are listed at $13,385.48, with specials balance and installment amounts noted in the offering materials.
The property includes outdoor exclusive parking and is less than a mile from I-94 with easy access. Built in 2010, it includes a new furnace and a security system (Premier Audio, alarm.com). HOA expenses are listed as $4,708 annually for snow, lawn, water, and exterior insurance. Electricity is estimated at $300–$500 per month. Taxes for 2025 are listed at $13,385.48, with specials balance and installment amounts noted in the offering materials.
Key Highlights
- Flex property with 6,560 SF shop area plus 3,360 SF two‑level office space (2,000 SF main, 1,360 SF second level)
- Front 14' OH doors and back 8' doors; 16' sidewalls for improved loading capacity
- Radiant heat throughout with floor drains and storage mezzanine
Financial Insights For Flex RnD
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 | $136.9k | $13.80 |
| − Vacancy | −$17.5k | −$1.77 |
| EGI | $119.4k | $12.03 |
| − OpEx | −$41.8k | −$4.21 |
| NOI | $77.6k | $7.82 |
9,920 SF · lease $13.80/SF/yr · vacancy 12.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,842 @ 7.0% cap · market cap 10.31%
Second Best
Flex RnD
$1.11M
$969.9K – $1.29M
NOI $77,593 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,245 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse offering 6,560 SF shop space and 3,360 SF of two-level office with radiant heat.
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 $1,250,000.
What are key features of this property?
This property features: Flex property with 6,560 SF shop area plus 3,360 SF two‑level office space (2,000 SF main, 1,360 SF second level); Front 14' OH doors and back 8' doors; 16' sidewalls for improved loading capacity; Radiant heat throughout with floor drains and storage mezzanine
