2-3232 Airway Ave Bismarck, ND 58504
Condo shop units with 14x14 overhead doors and secured outside storage options for flexible business use.
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
Investment Insights
Based on property information with market context.
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.
Key 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
Local Financial Insights For Flex RnD
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 | $27.7k | $13.80 |
| − Vacancy | −$3.6k | −$1.77 |
| EGI | $24.2k | $12.03 |
| − OpEx | −$8.5k | −$4.21 |
| NOI | $15.7k | $7.82 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Key West Cafe Food Truck — carpet garage, bismarck, nd 58504