Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Auto Restoration Business For Sale Title is generated by Realmo AI

    229 S 22nd St, Bismarck, ND 58504

    View on Map
    Claim this Listing
    For Sale
    $1,450,000

    Profitable auto restoration business with real estate and equipment included.

    Type:Business and Property
    Property size:
    9,990 SF
    Price / SF:
    $145/SF
    Added:
    Mar 6, 2026
    Days on Market:
    86
    Last Refresh:
    Apr 6 at 1:04 am

    Property Features for 229 S 22nd St

    General Information

    Standard status
    Active
    Size
    9,990 SF
    Property subtype
    Business and Property

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Kristyn Steckler, Commercial REALTOR®

    Listing agent Kristyn Steckler, Commercial REALTOR® License ##9182

    Listing office

    Listing date Mar 6, 2026

    Source Thecragroup

    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 Kristyn Steckler, Commercial REALTOR®

    HighLights

    • Established and Profitable Auto Restoration Business: Over 40 years of operation with a strong reputation and booked future business.
    • Includes Real Estate: Two commercial buildings totaling 9,990 square feet in a desirable industrial complex.
    • Fully Equipped: Sale includes all inventory and equipment needed for continued operation.
    • Excellent Location: Situated in South Bismarck with easy access for clients and deliveries.
    • Turnkey Operation: Ready for new ownership with existing client relationships.
    • Specialized Equipment: Features a beautiful paint booth with rotisserie.

    Overview

    Dale’s Auto Restoration, a fully operational business with over four decades of history, is available for sale. Known for craftsmanship, professionalism, and long-standing client relationships, the business has a rock-solid reputation for excellence in classic and custom vehicle restoration. The sale includes two commercial buildings totaling 9,990 square feet, situated in a bustling industrial complex in South Bismarck. The location offers excellent access, making it an ideal hub for client drop-offs, deliveries, and operations. The business is very profitable with room for expansion and has three years worth of future business booked. A paint booth with rotisserie is included. The 2024 taxes are $7,843.64, with installments and balance at $0. Inventory and equipment are included in the sale.

    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
    9,990 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.84M
    $1.61M – $2.15M (±1% cap)
    NOI $129,140 @ 7.0% cap · market cap 8.91%
    Second Best
    Industrial
    $609.9K
    $533.7K – $711.5K (±1% cap)
    NOI $42,692 @ 7.0% cap · market cap 2.94%
    Theoretical Best
    Office A
    $2.38M
    $2.08M – $2.77M (±1% cap)
    NOI $166,411 @ 7.0% cap · market cap 11.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dale's Auto Restoration ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office 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

    • Paintless Dent Repair — 2410 Lockheed Dr, Bismarck, ND 58504
    • R & M Auto Body And Repair Shop LLC — 1347 S 22nd St #50, Bismarck, ND 58504
    • Broderick Repair — 1402 Basin Ave # 2, Bismarck, ND 58504
    • Pomp's Tire Service — 3001 Wanchena Wy, Bismarck, ND 58504
    • Precision ADAS — 1347 S 22nd St, Bismarck, ND 58504

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.758
    Latitude
    46.8025

    Nearby Similar for Sale

    • $660,000
      4,000 SF

      Bismarck Industrial Property with Tenant

      4,000 SF industrial property with high-end office and shop space.
      2906 Morrison Ave Unit 1, Bismarck, ND 58504
      View Details
    • $599,000
      5,517 SF

      Spacious Office Condo in Bismarck

      5,517 SF office condo with high-end finishes and prime location.
      931 S 9th St, Unit 201, Bismarck, ND 58504
      View Details
    • $1,950,000
      23,490 SF

      Profitable Office Building on State

      23,490 SF office building with high visibility.
      4023 State Street, Bismarck, ND 58503
      View Details
    • $11,400,000
      64,286 SF

      High-Visibility Commercial Building For Sale

      Landmark building on high-traffic corner with existing leases.
      1237 W Divide Ave, Bismarck, ND 58501
      View Details
    • $1,250,000
      9,920 SF

      Functional Flex Space with Modern Amenities

      9,920 SF property with shop and office space.
      1414 Industrial Dr Ste B, Bismarck, ND 58501
      View Details
    • $3,750,000
      19,536 SF

      Class A Office Building Bismarck

      Class A office building in North Bismarck with high-quality amenities.
      4719 Shelburne St, Bismarck, ND 58503
      View Details
    • $1,100,000
      13,063 SF

      Historic Gem with Showroom

      Three-story commercial property with showroom and repair department.
      223 E Main Ave, Bismarck, ND 58501
      View Details
    • $1,890,000
      12,000 SF

      Bismarck Investment Shop Condos

      Fully leased commercial property near Walmart and Sam's Club.
      2908 Morrison Avenue, Bismarck, ND 58501
      View Details
    • $979,900
      3,880 SF

      Versatile Office/Medical Building For Sale

      3,880 SF building ideal for office or medical use.
      421 N 4th St, Bismarck, ND 58501
      View Details
    • $379,000
      2,280 SF

      South Bismarck Shop Condo

      2,280 SF shop condo in South Bismarck.
      1800 Burlington Drive, Bismarck, ND 58504
      View Details
    • $450,000

      Bismarck Restaurant Opportunity For Sale

      Restaurant property in Bismarck with high visibility and equipped kitchen.
      108 N Mandan Street, Bismarck, ND 58501
      View Details
    • $775,000
      4,362 SF

      Versatile Building in Bismarck Area

      4,362 SF building suitable for office or retail use.
      233 W Broadway Ave, Bismarck, ND 58501
      View Details

    FAQs

    What type of property is this?
    Auto shop - Profitable auto restoration business with real estate and equipment included.
    Where is this auto shop located?
    The property is located at 229 S 22nd St Bismarck, ND.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Established and Profitable Auto Restoration Business: Over 40 years of operation with a strong reputation and booked future business.; Includes Real Estate: Two commercial buildings totaling 9,990 square feet in a desirable industrial complex.; Fully Equipped: Sale includes all inventory and equipment needed for continued operation.
    (701) 527-0138
    We can help!
    Listing Contact
    Kristyn Steckler, Commercial REALTOR®
    Real Estate License ID: #9182
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    229 S 22nd St, Bismarck, ND 58504
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!