2-3224 Airway Ave, Bismarck, ND 58504
Flex-style condo shop units feature secure outside storage and a 14x14 overhead door for flexible business use.
- Added:
- Apr 30, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 16 at 2:28 am
Property Features for 2-3224 Airway Ave
General Information
- Standard status
- Active
- Size
- 2,040 SF
Listing agent DARREN SCHMIDT License #7897 (701) 226-5942
Listing office Oaktree Realty (701) 226-5942
Listing date Apr 30, 2026
Source Exprealty
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HighLights
- Flex‑style condo shop units in south Bismarck, available for sale or lease (2,010–2,040 SF), with option to combine units.
- Includes a 14x14 front overhead door with opener and WiFi connection, plus rear 8x10 overhead door.
- 16‑foot sidewalls with radiant heat and hot/cold water, trench floor drain, and 220A 220V 3‑phase electrical power.
- Front office with window includes an installed PTAC heat and A/C; bathroom has toilet, sink, and 50‑gallon water heater (option for shower/laundry).
- Association‑managed services include snow removal, water, sewer, exterior maintenance, and exterior insurance; monthly fees estimated at $0.60 psf per year.
- Expected occupancy: Summer 2026; lease rate listed as $10.00 psf NNN (taxes/specials incomplete and to be verified).
Overview
Located in south Bismarck, the development offers easy access to Bismarck Expressway and I-94. The project includes 137 total parking spaces. An association governed by covenants and by-laws maintains snow removal, water, sewer, exterior maintenance, and exterior insurance.
For tenants or buyers seeking a self-contained shop setup, the combination of office space, two service door options, and optional secured fenced storage supports a range of light commercial uses. Units are available for sale or lease, with monthly association fees estimated at $0.60 per square foot per year per unit; taxes and special installments are incomplete and require verification by the buyer.
Local Financial Insights For Office B
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 | $41.1k | $20.16 |
| − Vacancy | −$5.8k | −$2.84 |
| EGI | $35.3k | $17.32 |
| − OpEx | −$8.8k | −$4.33 |
| NOI | $26.5k | $12.99 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Key West Cafe Food Truck — carpet garage, bismarck, nd 58504
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.7583284
- Latitude
- 46.7876754