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Shop Condo with Outdoor Storage

1416 Burlington Drive D Bismarck, ND 58504

New
1416 Burlington Drive D, Bismarck, ND, 58504
$379,000
For Sale
Claim this Listing
$379,000

Upscale shop condo includes climate-controlled shop space, loft, and secured fenced outdoor storage with dual garage doors.

Property Size1,800 SF
Price / SF$210.56
AddedJul 9
Days on Market7
Last RefreshJul 13 at 8:47 pm

Property Features for 1416 Burlington Drive D

General Information

Standard status
Active
Size
1,800 SF
Property subtype
Commercial

Listing office Capital Real Estate Partners

Listing date Jul 9, 2026

Source Trademarknd

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 one-of-a-kind shop condo offers a versatile interior layout with an appointed exterior door to an inside front office entrance, plus an interior access door connecting the office to the main shop. The main shop features dual 14-ft garage doors at the front and back for loading, unloading, and maneuvering, along with a half bath. The building is climate-controlled with both heat and A/C, supported by a separate mechanical room.

A bonus second-story loft provides additional space above the shop for storage or workspace use. The property also includes secured, outdoor fenced storage and ample parking for visitors or work vehicles, supporting practical day-to-day operations.

With its combination of office, shop, loft, and fenced storage, the space is configured to support businesses that need both indoor work area and secure outdoor staging.

Key Highlights

  • 1,800 SF shop condo plus a 305 SF second‑story loft for extra storage or workspace
  • Climate‑controlled main shop with heat and A/C, plus a separate mechanical room
  • Dual 14‑ft garage doors (front and back) for loading, unloading, and vehicle maneuvering

Local 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 $24.8k $13.80
− Vacancy −$3.2k −$1.77
EGI $21.7k $12.03
− OpEx −$7.6k −$4.21
NOI $14.1k $7.82
1,800 SF · lease $13.80/SF/yr · vacancy 12.80% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$201.1K
$176.0K – $234.7K (±1% cap)
NOI $14,079 @ 7.0% cap · market cap 3.71%
Second Best
Warehouse
$127.1K
$111.2K – $148.3K (±1% cap)
NOI $8,898 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$428.3K
$374.8K – $499.7K (±1% cap)
NOI $29,984 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Dental Office Locksmith Pharmacy Grocery & Convenience Store Real Estate Agency Catering Service Barber Shop Pet Grooming Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Key West Cafe Food Truck — carpet garage, bismarck, nd 58504

FAQs

What type of property is this?
Flex space - Upscale shop condo includes climate-controlled shop space, loft, and secured fenced outdoor storage with dual garage doors.
Where is this flex space located?
The property is located at 1416 Burlington Drive D Bismarck, ND.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,800 SF shop condo plus a 305 SF second‑story loft for extra storage or workspace; Climate‑controlled main shop with heat and A/C, plus a separate mechanical room; Dual 14‑ft garage doors (front and back) for loading, unloading, and vehicle maneuvering
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