231 S 22nd St Bismarck, ND
Established auto shop with future bookings and expansion potential.
Property Features for 231 S 22nd St
General Information
- Standard status
- Active
- Size
- 9,990 SF
- Lot size
- 0.50 Acres
- Property subtype
- RETAIL
Listing office The CRA Group (701) 400-5373
Listing date Aug 21, 2025
Source Moodyscre
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 The CRA Group
Investment Insights
Based on property information with market context.
Key Highlights
- Very profitable with room for expansion
- Three years worth of future business booked
- Inventory and equipment included
Local Financial Insights For Retail
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 | $189.4k | $18.96 |
| − Vacancy | −$4.9k | −$0.49 |
| EGI | $184.5k | $18.47 |
| − OpEx | −$55.3k | −$5.54 |
| NOI | $129.1k | $12.93 |
