Flex Office with
2302 East Divide Avenue Bismarck, ND 58501
2302 East Divide Avenue, Bismarck, ND, 58501
Contact for pricing
For Sale
Contact for pricing
Flex property includes private offices, a conference room, and a 1,800 SF garage with freight access and trench drain.
Property Size4,248 SF
Lot Size0.99 Acres
Price / SF$276.60
Days on Market79
Property Features for 2302 East Divide Avenue
General Information
- Standard status
- Active
- Size
- 4,248 SF
- Lot size
- 0.99 Acres
- Property subtype
- Office
Listing agency
Rise Property Brokers, Inc.
(701) 400-4445
Listed by
Jon Lee · License #ND 11237
Source
Crexi
Added: May 5 Updated: Jul 22 at 9:38AM Checked: Jul 22 at 9:38AM
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, Inc.
Investment Insights
Based on property information with market context.
This flex property provides private office space plus a conference room, along with a spacious kitchen/breakroom. Interior features include large windows and approximately 8' ceiling height, and there is a trench floor drain designed to support heavier day-to-day operations. Freight access is in place, and the property also offers a 1,800 SF garage for practical work or storage needs.
Located on E Divide Ave with high-volume traffic exposure of 14,520 vehicles per day, the property includes delivery parking and pylon signage to support visibility and customer access.
The building was built in 1971 and totals about 4,243 SF, with a 42,982 SF lot. The offering is for sale.
Located on E Divide Ave with high-volume traffic exposure of 14,520 vehicles per day, the property includes delivery parking and pylon signage to support visibility and customer access.
The building was built in 1971 and totals about 4,243 SF, with a 42,982 SF lot. The offering is for sale.
Key Highlights
- 4,243 SF flex building with private offices, a conference room, and a spacious kitchen/breakroom
- 1,800 SF garage on‑site with freight access and a trench floor drain
- Large windows and 8' ceiling height
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
Flex RnD
$474.7K
$415.3K – $553.8K
NOI $33,227 @ 7.0% cap · market cap 2.83%
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?
Flex space - Flex property includes private offices, a conference room, and a 1,800 SF garage with freight access and trench drain.
Where is this flex space located?
The property is located at 2302 East Divide Avenue 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: 4,243 SF flex building with private offices, a conference room, and a spacious kitchen/breakroom; 1,800 SF garage on‑site with freight access and a trench floor drain; Large windows and 8' ceiling height
