Office Suite with
New
For Sale
Contact for pricing
2521 Railroad Avenue Suite 1, Bismarck, ND 58501
A private office, conference area, storage, and restroom create a flexible commercial layout.
Property Size1,124 SF
Price / SF$0.88
Days on Market6
Property Features for 2521 Railroad Avenue Suite 1
General Information
Standard status
Active
Size
1,124 SF
Additional Details
Property Use
Office
Amenities
private office
conference area
showroom
storage room
private restroom
Listing Agency:
CENTURY 21 Morrison Realty
(701) 223-6654
Listed By:
JASON L BECKER · License #9487
(701) 400-9930
Source:
Hunterroll
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 30 at 2:03PM
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 CENTURY 21 Morrison Realty
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Investment Insights
Based on property information with market context.
Suite 1 at 2521 Railroad Avenue contains 1,124 square feet arranged with a private office, conference area, showroom, storage room, and private restroom. The configuration brings office and display functions together within one commercial space.
The property is in Bismarck, just south of Big Boy, and provides off-street parking for visitors and staff.
The property is in Bismarck, just south of Big Boy, and provides off-street parking for visitors and staff.
Key Highlights
- 1,124 SF office suite
- Includes a private office, conference area, showroom, storage room, and private restroom
- Off‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,530
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,600
$290.6K
Cap Rate 7%
$207,571
$207.6K
Cap Rate 9%
$161,444
$161.4K
Market Conditions
NOI Build-Up for 1,124 SF
Gross rent
$21.3K $18.96/SF
− Vacancy
−$554 −$0.49/SF
EGI
$20.8K $18.47/SF
− OpEx
−$6.2K −$5.54/SF
NOI
$14.5K $12.93/SF
Area
Burleigh County, ND
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,600
Cap Rate 7%
$207,571
Cap Rate 9%
$161,444
Alternative Uses
Best Use
Office B
$208.6K
$182.5K – $243.3K
NOI $14,599 @ 7.0% cap · market cap 1,474.65%
Second Best
Retail
$207.6K
$181.6K – $242.2K
NOI $14,530 @ 7.0% cap · market cap 1,467.68%
Theoretical Best
Office A
$267.5K
$234.0K – $312.1K
NOI $18,723 @ 7.0% cap · market cap 1,891.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A private office, conference area, storage, and restroom create a flexible commercial layout.
Where is this office unit located?
The property is located at 2521 Railroad Avenue Suite 1 Bismarck, ND.
What are key features of this property?
This property features: 1,124 SF office suite; Includes a private office, conference area, showroom, storage room, and private restroom; Off‑street parking available
