Flex Space with
For Sale
$1,400,000
1414 Interstate Loop, Bismarck, ND 58503
Combined showroom and warehouse configuration near State Street and Interstate 94 supports product display and storage functions.
Property Size9,900 SF
Days on Market192
Property Features for 1414 Interstate Loop
General Information
Standard status
Active
Size
9,900 SF
Property subtype
Free Standing Building
Additional Details
Asking Price
$1,400,000
Highway Access
Yes
Building Details
Building Size
9,900 SF
Year Built
1975
Properties For Sale
at 1414 Interstate Loop Contact us- Size
- 9,900 SF
- Lease Type
- NNN
1414 Interstate Loop
Listing Agency:
The CRA Group
(701) 527-0138
Listed By:
Kristyn Steckler · License #ND 9182
(701) 527-0138
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 6:06PM
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 The CRA Group
Investment Insights
Based on property information with market context.
This flex space combines a substantial showroom with an attached warehouse, creating a connected setting for display and inventory-related operations. The property was built in 1975 and offers a commercial configuration suited to businesses requiring both customer-facing and storage areas.
The site is positioned east of State Street and south of Interstate Avenue, near Interstate 94 in North Bismarck. Grand Theaters is adjacent to the property, adding an identifiable point of reference within the surrounding commercial area.
The site is positioned east of State Street and south of Interstate Avenue, near Interstate 94 in North Bismarck. Grand Theaters is adjacent to the property, adding an identifiable point of reference within the surrounding commercial area.
Key Highlights
- Large showroom with attached warehouse
- Built in 1975
- Near State Street and Interstate 94
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$127,977
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,559,540
$2.6M
Cap Rate 7%
$1,828,243
$1.8M
Cap Rate 9%
$1,421,967
$1.4M
Market Conditions
NOI Build-Up for 9,900 SF
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.
Gross rent
$187.7K $18.96/SF
− Vacancy
−$4.9K −$0.49/SF
EGI
$182.8K $18.47/SF
− OpEx
−$54.8K −$5.54/SF
NOI
$128.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,559,540
Cap Rate 7%
$1,828,243
Cap Rate 9%
$1,421,967
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.13M
NOI $127,977 @ 7.0% cap · market cap 9.14%
Second Best
Flex RnD
$1.11M
$968.0K – $1.29M
NOI $77,436 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,912 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined showroom and warehouse configuration near State Street and Interstate 94 supports product display and storage functions.
Where is this flex space located?
The property is located at 1414 Interstate Loop Bismarck, ND.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Large showroom with attached warehouse; Built in 1975; Near State Street and Interstate 94
