Office Building with
2302 E Divide Ave Bismarck, ND 58501
2302 E Divide Ave, Bismarck, ND, 58501
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For Sale
Contact for pricing
Standalone office building includes private offices, a conference room, and a large garage with freight access and delivery parking.
Property Size4,248 SF
Lot Size1.00 Acre
Price / SF$276.60
Days on Market42
Property Features for 2302 E Divide Ave
General Information
- Standard status
- Active
- Size
- 4,248 SF
- Lot size
- 1.00 Acre
- Property subtype
- OFFICE
Listing agency
Rise Property Brokers
(701) 400-4445
Listed by
Jon Lee · License #11237
(701) 400-4445
Source
Moodyscre
Added: Jun 12 Updated: Jul 23 at 3:48AM Checked: Jul 23 at 3:48AM
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 Rise Property Brokers
Investment Insights
Based on property information with market context.
This office building totals 4,248 SF and features private offices, a conference room, and a spacious kitchen/breakroom. The interior includes large windows and an 8' ceiling height, along with a trench floor drain to support more functional day-to-day operations. The property also includes a 1,800 SF garage, and is served by freight access with designated delivery parking.
Located at 2302 E Divide Ave in Bismarck, ND, the building benefits from pylon signage and a high-traffic corridor, with 14,520 vehicles per day reported on E Divide Ave. The property provides 38 parking spaces, supporting tenant and visitor parking needs.
Built in 1971, this offering includes the main office space, the attached/associated garage area, and the site’s parking and access features designed for both client visits and deliveries.
Located at 2302 E Divide Ave in Bismarck, ND, the building benefits from pylon signage and a high-traffic corridor, with 14,520 vehicles per day reported on E Divide Ave. The property provides 38 parking spaces, supporting tenant and visitor parking needs.
Built in 1971, this offering includes the main office space, the attached/associated garage area, and the site’s parking and access features designed for both client visits and deliveries.
Key Highlights
- 4,248 SF office building plus 1,800 SF garage on a 1‑acre, 42,982 SF lot
- Private offices, conference room, and kitchen/breakroom with large windows and 8' ceiling height
- Freight access with trench floor drain for supporting heavier operational needs
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 | $85.6k | $20.16 |
| − Vacancy | −$12.1k | −$2.84 |
| EGI | $73.6k | $17.32 |
| − OpEx | −$18.4k | −$4.33 |
| NOI | $55.2k | $12.99 |
4,248 SF · lease $20.16/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$788.2K
$689.7K – $919.6K
NOI $55,173 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$884.5K – $1.18M
NOI $70,762 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dakota Crematory
Social Service Agency
Eastgate Funeral & Cremation ...
Social Service Agency
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FAQs
What type of property is this?
Office building - Standalone office building includes private offices, a conference room, and a large garage with freight access and delivery parking.
Where is this office building located?
The property is located at 2302 E Divide Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 4,248 SF office building plus 1,800 SF garage on a 1‑acre, 42,982 SF lot; Private offices, conference room, and kitchen/breakroom with large windows and 8' ceiling height; Freight access with trench floor drain for supporting heavier operational needs
