Built-Out Spa and Wellness
For Sale
$995,000
2525 Railroad Avenue Unit 2, Bismarck, ND 58501
Two-floor wellness facility with reception, treatment areas, sauna rooms, multiple sinks, and an ADA-compliant bathroom.
Property Size2,704 SF
Lot Size0.52 Acres
Price / SF$367.97
Days on Market63
Property Features for 2525 Railroad Avenue Unit 2
General Information
Standard status
Active
Size
2,704 SF
Lot size
0.52 Acres
Property subtype
Special Purpose
Financials
Asking Price
$1,100,000
Business Included
Yes
Amenities
reception area
storage
ADA-compliant bathroom
sauna room
large windows
3-phase power
Building Details
Building Size
2,704 SF
Year Built
2019
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Rise Property Brokers, Inc
Listed By:
Jon Lee · License #ND #11237
(701) 400-4445
Source:
Risepropertybrokers
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 12 at 6:10PM
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 spa and wellness property offers 2,704 SF of completed interior space across two floors and includes 11 total rooms. The layout features a reception area, storage, an ADA-compliant bathroom, sauna rooms, multiple sinks, large windows, and 3-phase power. The building was constructed in 2019, with a 22,766 SF lot supporting the property.
The site is positioned along South 26th Street, where the source information reports traffic of 12,420 vehicles per day. Sale inclusions include InMode Morpheus8, Diolaze Hair Removal, Forma, and Lumecca equipment. The property is identified as a medical spa and wellness destination with services spanning cosmetic aesthetics, body contouring, injectables, massage therapy, salon services, wellness therapies, and retail products.
The site is positioned along South 26th Street, where the source information reports traffic of 12,420 vehicles per day. Sale inclusions include InMode Morpheus8, Diolaze Hair Removal, Forma, and Lumecca equipment. The property is identified as a medical spa and wellness destination with services spanning cosmetic aesthetics, body contouring, injectables, massage therapy, salon services, wellness therapies, and retail products.
Key Highlights
- 2,704 SF spa and wellness property on a 22,766 SF lot
- Two floors with 11 total rooms
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,120
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,400
$702.4K
Cap Rate 7%
$501,714
$501.7K
Cap Rate 9%
$390,222
$390.2K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$54.5K $20.16/SF
− Vacancy
−$7.7K −$2.84/SF
EGI
$46.8K $17.32/SF
− OpEx
−$11.7K −$4.33/SF
NOI
$35.1K $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%
$702,400
Cap Rate 7%
$501,714
Cap Rate 9%
$390,222
Alternative Uses
Best Use
Office B
$501.7K
$439.0K – $585.3K
NOI $35,120 @ 7.0% cap · market cap 3.53%
Second Best
Healthcare Medical
$460.5K
$402.9K – $537.3K
NOI $32,235 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$643.5K
$563.0K – $750.7K
NOI $45,042 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Under-served
Demand for This Use
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?
Spa & wellness property - Two-floor wellness facility with reception, treatment areas, sauna rooms, multiple sinks, and an ADA-compliant bathroom.
Where is this spa & wellness property located?
The property is located at 2525 Railroad Avenue Unit 2 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: 2,704 SF spa and wellness property on a 22,766 SF lot; Two floors with 11 total rooms; Built in 2019
