For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Condo Shop with Fenced Storage Title is generated by Realmo AI

    2-3224 Airway Ave, Bismarck, ND 58504

    View on Map
    Claim this Listing
    For Sale
    $324,900

    Flex-style condo shop units feature secure outside storage and a 14x14 overhead door for flexible business use.

    Property size:
    2,040 SF
    Price / SF:
    $159/SF
    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

    We can help!

    Listing Contact
    DARREN SCHMIDT
    DARREN SCHMIDT

    Listing agent DARREN SCHMIDT License #7897

    Listing office Oaktree Realty

    Listing date Apr 30, 2026

    Source Exprealty

    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 Oaktree Realty

    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

    Airway Project Shop Condominiums offer individual condo shop units designed for business or personal use, with the option for individually secured outside fenced storage areas. Each unit includes a 14x14 front overhead door with opener and WIFI connection capabilities, 16-foot sidewalls, energy efficient radiant heat, hot and cold water, a trench floor drain, and 220A/220V 3-phase electrical power. The front office area with a window features an installed PTAC heat and A/C unit for temperature control, and the bathroom includes a toilet and sink plus a 50-gallon water heater with an option for a shower and laundry area. Service access is supported by front and rear service doors, and the unit also includes a rear 8x10 overhead door. Lighted exterior space and signage space are available. Units may be combined to create an open interior span, providing flexibility for growing operators.

    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
    2,040 SF · lease $20.16/SF/yr · vacancy 14.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $378.5K
    $331.2K – $441.6K (±1% cap)
    NOI $26,496 @ 7.0% cap · market cap 8.16%
    Second Best
    Flex RnD
    $228.0K
    $199.5K – $266.0K (±1% cap)
    NOI $15,957 @ 7.0% cap · market cap 4.91%
    Theoretical Best
    Office A
    $485.5K
    $424.8K – $566.4K (±1% cap)
    NOI $33,982 @ 7.0% cap · market cap 10.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    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

    FAQs

    What type of property is this?
    Flex space - Flex-style condo shop units feature secure outside storage and a 14x14 overhead door for flexible business use.
    Where is this flex space located?
    The property is located at 2-3224 Airway Ave Bismarck, ND.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: 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.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message