Retail Space For
For Sale
Contact for pricing
1501 Mapleton Ave, Bismarck, ND 58503
Retail space available for purchase.
Property Size9,065 SF
Price / SF$182.02
Days on Market246
Property Features for 1501 Mapleton Ave
General Information
Standard status
Active
Size
9,065 SF
Property subtype
Retail
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
Stillwater Commercial Real Estate
Listed By:
Scott Ritter · License #ND 8337
Source:
Crexi
Added: Feb 2
Changed: Oct 2
Last Checked: Oct 5 at 4:28PM
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 Stillwater Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of a retail space available for sale. The property encompasses a total area of 9065 square feet. The property is intended for retail use.
Key Highlights
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,183
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,660
$2.3M
Cap Rate 7%
$1,674,043
$1.7M
Cap Rate 9%
$1,302,033
$1.3M
Market Conditions
NOI Build-Up for 9,065 SF
Gross rent
$171.9K $18.96/SF
− Vacancy
−$4.5K −$0.49/SF
EGI
$167.4K $18.47/SF
− OpEx
−$50.2K −$5.54/SF
NOI
$117.2K $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 Rate 5%
$2,343,660
Cap Rate 7%
$1,674,043
Cap Rate 9%
$1,302,033
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $117,183 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,002 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 1501 Mapleton Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Built in 2006
