Move-in Ready Drive-Thru
For Sale
$545,000
1922 E Broadway Ave, Bismarck, ND 58501
1,578 SF drive-thru restaurant with ample parking.
Property Size958 SF
Lot Size0.43 Acres
Price / SF$345.37
Days on Market193
Property Features for 1922 E Broadway Ave
General Information
Standard status
Active
Size
958 SF
Lot size
0.43 Acres
Property subtype
Retail
Building Details
Building Size
958 SF
Year Built
1972
Listing Agency:
Rise Property Brokers
Listed By:
Adam Geiger, CCIM · License #ND #10233
(701) 425-9427
Source:
Risepropertybrokers
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 4 at 6:58AM
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 1,578 square foot drive-thru restaurant, remodeled in 1995 and built in 1972, includes ample parking. The property features walk-in coolers, a small dining area with tables and chairs, a fire suppression system, and security features. High-capacity electrical panels, a grease trap, a reverse osmosis water purifier, and rooftop HVAC units are also present. The lot size is 18,914 square feet. The 2025 taxes are $4,018.84, with a specials balance of $4,650.28 and specials installments of $1,185.08.
Key Highlights
- Move‑in‑ready restaurant property with drive‑thru.
- Equipped with essential restaurant features: walk‑in coolers, grease trap, and fire suppression system.
- Includes a small dining area with tables and chairs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,916
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,320
$378.3K
Cap Rate 7%
$270,229
$270.2K
Cap Rate 9%
$210,178
$210.2K
Market Conditions
NOI Build-Up for 1,578 SF
Gross rent
$26.9K $17.04/SF
− Vacancy
−$1.7K −$1.06/SF
EGI
$25.2K $15.98/SF
− OpEx
−$6.3K −$4.00/SF
NOI
$18.9K $11.99/SF
Area
Burleigh County, ND
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,320
Cap Rate 7%
$270,229
Cap Rate 9%
$210,178
Alternative Uses
Best Use
Specialty Retail
$270.2K
$236.5K – $315.3K
NOI $18,916 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.5K
$328.6K – $438.1K
NOI $26,286 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - 1,578 SF drive-thru restaurant with ample parking.
Where is this drive through restaurant located?
The property is located at 1922 E Broadway Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Move‑in‑ready restaurant property with drive‑thru.; Equipped with essential restaurant features: walk‑in coolers, grease trap, and fire suppression system.; Includes a small dining area with tables and chairs.
