Office Building with
For Sale
$995,000
2302 East Divide Avenue, Bismarck, ND 58501
Standalone office building includes private offices, a conference room, and a large garage with freight access and delivery parking.
Property Size8,496 SF
Lot Size1.00 Acre
Price / SF$164.52
Days on Market121
Property Features for 2302 East Divide Avenue
General Information
Standard status
Active
Size
8,496 SF
Total Parking Spaces
38
Lot size
1.00 Acre
Property subtype
Office
Additional Details
Traffic Count
14,520 vehicles/day
Clear Height
8 ft
Amenities
private offices
conference room
kitchen/breakroom
large windows
trench floor drain
freight access
delivery parking
pylon signage
Building Details
Building Size
8,496 SF
Year Built
1971
Listing Agency:
Rise Property Brokers, Inc
Listed By:
Jon Lee · License #ND #11237
(701) 400-4445
Source:
Risepropertybrokers
Added: Jun 16
Changed: Oct 2
Last Checked: Oct 12 at 6:31PM
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 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,552
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,040
$1.6M
Cap Rate 7%
$1,122,171
$1.1M
Cap Rate 9%
$872,800
$872.8K
Market Conditions
NOI Build-Up for 6,048 SF
Gross rent
$121.9K $20.16/SF
− Vacancy
−$17.2K −$2.84/SF
EGI
$104.7K $17.32/SF
− OpEx
−$26.2K −$4.33/SF
NOI
$78.6K $12.99/SF
Area
Burleigh County, ND
Vacancy
14.10%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,040
Cap Rate 7%
$1,122,171
Cap Rate 9%
$872,800
Alternative Uses
Best Use
Office B
$1.12M
$981.9K – $1.31M
NOI $78,552 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8 ft
Clear height
14,520 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
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 East Divide Avenue Bismarck, ND.
What is the asking price?
The asking price for this property is $995,000.
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
