Condo Shop and Flex Warehouse
2-3232 Airway Ave, Bismarck, ND 58504
Condo shop units with 14x14 overhead doors and secured outside storage options for flexible business use.
Property size:
2,010 SFPrice / SF:
$150/SF- Added:
- Apr 30, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 20 at 7:37 am
Property Features for 2-3232 Airway Ave
General Information
- Standard status
- Active
- Size
- 2,010 SF
Listing office Oaktree Realty (701) 226-5942
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
- South Bismarck condo shop units (2,010–2,040 SF) for business or personal use; available for sale or lease
- 14x14 front overhead door with opener and WIFI capabilities, plus 16‑foot sidewalls
- Utilities and power: radiant heat, hot & cold water, trench floor drain, and 220A/220V 3‑phase electrical power
- Front office with window and installed PTAC heat & A/C; bathroom with toilet, sink, and 50‑gallon water heater (option for shower/laundry)
- Legal business access with front and rear service doors; lighted exterior and signage space available
- Association covers snow removal, water, sewer, exterior maintenance, and exterior insurance; monthly fees estimated at $0.60 psf/yr
Overview
The Airway Project Shop Condominiums offer individual condo shop units designed for business and personal use, with optional 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 three-phase electrical power. A front office with a window is included, along with an installed PTAC heat and A/C unit for temperature control. The bathroom features a toilet and sink and a 50-gallon water heater, with options for adding a shower and laundry area. Units also include front and rear service doors to support ongoing operations, and there is signage space plus lighted exterior areas. An open interior span option allows units to be combined.
Located in south Bismarck, the development provides easy access to the Bismarck Expressway and I-94. The project includes 137 total parking spaces for the development.
For tenants or buyers looking for a self-contained shop setup, the combination of overhead access, power, radiant heat, and on-site office and bathroom facilities supports a range of legal business operations. The association provides snow removal, water, sewer, exterior maintenance, and exterior insurance, while unit-level covenants and monthly association fees apply. Units are expected to be ready for occupancy in Summer 2026.
Located in south Bismarck, the development provides easy access to the Bismarck Expressway and I-94. The project includes 137 total parking spaces for the development.
For tenants or buyers looking for a self-contained shop setup, the combination of overhead access, power, radiant heat, and on-site office and bathroom facilities supports a range of legal business operations. The association provides snow removal, water, sewer, exterior maintenance, and exterior insurance, while unit-level covenants and monthly association fees apply. Units are expected to be ready for occupancy in Summer 2026.
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 | $40.5k | $20.16 |
| − Vacancy | −$5.7k | −$2.84 |
| EGI | $34.8k | $17.32 |
| − OpEx | −$8.7k | −$4.33 |
| NOI | $26.1k | $12.99 |
2,010 SF · lease $20.16/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$372.9K
$326.3K – $435.1K
NOI $26,106 @ 7.0% cap · market cap 8.66%
Second Best
Flex RnD
$224.6K
$196.5K – $262.0K
NOI $15,722 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$478.3K
$418.5K – $558.0K
NOI $33,482 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
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
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Condo shop units with 14x14 overhead doors and secured outside storage options for flexible business use.
Where is this flex space located?
The property is located at 2-3232 Airway Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $301,500.
What are key features of this property?
This property features: South Bismarck condo shop units (2,010–2,040 SF) for business or personal use; available for sale or lease; 14x14 front overhead door with opener and WIFI capabilities, plus 16‑foot sidewalls; Utilities and power: radiant heat, hot & cold water, trench floor drain, and 220A/220V 3‑phase electrical power
