Industrial Warehouse with Office
2410 & 2422 E Bowen Ave, Bismarck, ND 58504
For Sale
$3,500,000
Light-industrial facility combines warehouse operations with private offices, meeting space, employee areas, and multiple overhead doors.
Property Size65,999 SF
Lot Size4.26 Acres
Price / SF$53.03
Days on Market93
Property Features for 2410 & 2422 E Bowen Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Sprinkler System
Additional Details
Asking Price
Amenities
10 private offices
open work area
conference room
kitchenette
men's and women's restrooms
warehouse restroom
2 warehouse offices
warehouse breakroom
Building Details
Building Size
Buildings
Listing Agency:
Rise Property Brokers
Listed By:
Adam Geiger, CCIM · License ND #10233
(701) 425-9427
Source:
Risepropertybrokers
Added: Aug 13
Changed: Nov 9
Last Checked: Nov 12 at 4:37AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises a 65,999-square-foot warehouse and distribution facility on 4.26 acres. Interior improvements include 10 private offices, an open work area, conference room, kitchenette, men’s and women’s restrooms, two warehouse offices, a warehouse restroom, and a breakroom. Material-handling access includes 21 overhead doors measuring 8 feet by 10 feet, four overhead doors measuring 8 feet by 8 feet, and two additional overhead doors at the rear. Building systems include radiant and fan-forced natural gas heat and a sprinkler system.
The facility is zoned MA—Light Industrial and is located in Bismarck near Main Avenue and 26th Street. The 65,999 square feet is divided among 15,999 square feet leased to Conlin’s Furniture, 28,000 square feet leased to Metronet, and 22,000 square feet currently available.
The facility is zoned MA—Light Industrial and is located in Bismarck near Main Avenue and 26th Street. The 65,999 square feet is divided among 15,999 square feet leased to Conlin’s Furniture, 28,000 square feet leased to Metronet, and 22,000 square feet currently available.
Key Highlights
- 65,999 SF warehouse and distribution building on a 4.26‑acre lot
- MA - Light Industrial zoning
- 10 private offices, open work area, conference room, kitchenette, and multiple restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$282,047
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,640,940
$5.6M
Cap Rate 7%
$4,029,243
$4.0M
Cap Rate 9%
$3,133,856
$3.1M
Market Conditions
NOI Build-Up for 65,999 SF
Gross rent
$435.6K $6.60/SF
− Vacancy
−$32.7K −$0.50/SF
EGI
$402.9K $6.10/SF
− OpEx
−$120.9K −$1.83/SF
NOI
$282.0K $4.27/SF
Area
Burleigh County, ND
Vacancy
7.50%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,640,940
Cap Rate 7%
$4,029,243
Cap Rate 9%
$3,133,856
Alternative Uses
Best Use
Warehouse
$4.66M
$4.08M – $5.44M
NOI $326,255 @ 7.0% cap · market cap 9.32%
Second Best
Industrial
$4.03M
$3.53M – $4.70M
NOI $282,047 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$15.71M
$13.74M – $18.32M
NOI $1,099,393 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58504, ND
29,517
Population
12,479
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
94%
High-School Grad
103.3 sq mi
ZIP Area
286
Density / Sq Mi
$78,671
Median Household Income
$45,817
Median Earnings
$940
Median Rent
$282,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Bismarck, ND
Properties on Market for Warehouses in Bismarck
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- A & M Storage — 1920 Lovett Ave, Bismarck, ND 58504
- Anytime Storage — 2000 Lee Ave, Bismarck, ND 58504
- Lee Avenue Mini Warehouse Storage — 2012 Lee Ave, Bismarck, ND 58501
- Bis-Man Storage — 3045 Truck Ctr Dr, Bismarck, ND 58504
- Morrison Ave Storage — 3250 Rock Island Pl #4, Bismarck, ND 58504
Frequently Asked Questions
What type of property is this?
Warehouse - Light-industrial facility combines warehouse operations with private offices, meeting space, employee areas, and multiple overhead doors.
Where is this warehouse located?
The property is located at 2410 & 2422 E Bowen Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 65,999 SF warehouse and distribution building on a 4.26‑acre lot; MA - Light Industrial zoning; 10 private offices, open work area, conference room, kitchenette, and multiple restrooms
