Flex Space with Overhead
For Sale
$248,400
1429 Burlington Drive, Bismarck, ND 58504
Three-phase electrical service, radiant heat and roughed-in plumbing equip the unit for shop use.
Property Size1,800 SF
Price / SF$138
Days on Market66
Property Features for 1429 Burlington Drive
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Additional Details
Three-Phase Power
Yes
Property Use
Shop
Building Details
Year Built
2019
Listing Agency:
NORTHWEST REALTY GROUP
(701) 258-4800
Listed By:
JIM CHRISTIANSON
(701) 220-4888
Source:
Gabrielblackre
Added: Aug 28
Changed: Oct 31
Last Checked: Oct 31 at 2:21PM
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 NORTHWEST REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this 1,800-square-foot flex condo measures 30' x 60' and has 16' side walls. Shop features include a 14' x 14' overhead door with two remotes and Wi-Fi capability, radiant heat, three-phase electrical service, a trench floor drain and roughed-in plumbing. New LED ceiling lighting and 4'-deep industrial-grade rack shelving are also installed.
The property is near Sam's Club, south Walmart, Dunn Brothers Coffee, FedEx Ship Center and Bobcat Acceleration Center. Association services include snow removal, exterior maintenance and insurance.
The property is near Sam's Club, south Walmart, Dunn Brothers Coffee, FedEx Ship Center and Bobcat Acceleration Center. Association services include snow removal, exterior maintenance and insurance.
Key Highlights
- 1,800‑square‑foot unit built in 2019
- 30' x 60' layout with 16' side walls
- 14' x 14' overhead door; includes 2 remotes and Wi‑Fi capability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,079
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,580
$281.6K
Cap Rate 7%
$201,129
$201.1K
Cap Rate 9%
$156,433
$156.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.8K $13.80/SF
− Vacancy
−$3.2K −$1.77/SF
EGI
$21.7K $12.03/SF
− OpEx
−$7.6K −$4.21/SF
NOI
$14.1K $7.82/SF
Area
Burleigh County, ND
Vacancy
12.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,580
Cap Rate 7%
$201,129
Cap Rate 9%
$156,433
Alternative Uses
Best Use
Flex RnD
$201.1K
$176.0K – $234.7K
NOI $14,079 @ 7.0% cap · market cap 5.67%
Second Best
Warehouse
$127.1K
$111.2K – $148.3K
NOI $8,898 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$428.3K
$374.8K – $499.7K
NOI $29,984 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58504, ND
29,517
Population
12,479
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
94%
High-School Grad
103.3 sq mi
ZIP Area
286
Density / Sq Mi
$78,671
Median Household Income
$45,817
Median Earnings
$940
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Key West Cafe Food Truck — carpet garage, bismarck, nd 58504
Frequently Asked Questions
What type of property is this?
Flex space - Three-phase electrical service, radiant heat and roughed-in plumbing equip the unit for shop use.
Where is this flex space located?
The property is located at 1429 Burlington Drive Bismarck, ND.
What is the asking price?
The asking price for this property is $248,400.
What are key features of this property?
This property features: 1,800‑square‑foot unit built in 2019; 30' x 60' layout with 16' side walls; 14' x 14' overhead door; includes 2 remotes and Wi‑Fi capability
