Office Building with Pylon
New
For Sale
Contact for pricing
301 E Thayer Ave, Bismarck, ND 58501
On-site downtown parking offers the possibility of rental income.
Property Size4,251 SF
Price / SF$211.71
Days on Market4
Property Features for 301 E Thayer Ave
General Information
Standard status
Active
Size
4,251 SF
Property subtype
OFFICE
Listing Agency:
Duemelands Commercial Real Estate
(701) 221-2222
Listed By:
Jill Duemeland · License #7141
(701) 221-9033
Source:
Moodyscre
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:23PM
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 Duemelands Commercial Real Estate
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 office building contains 4,251 square feet and includes on-site parking. Parking may also provide rental income.
At the corner of N 3rd Street and E Thayer Avenue, the property has pylon signage at the intersection. N 3rd Street carries nearly 10,000 vehicles per day.
At the corner of N 3rd Street and E Thayer Avenue, the property has pylon signage at the intersection. N 3rd Street carries nearly 10,000 vehicles per day.
Key Highlights
- 4,251‑square‑foot office building
- Corner location at N 3rd Street and E Thayer Avenue
- Nearly 10,000 vehicles per day on N 3rd Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,212
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,240
$1.1M
Cap Rate 7%
$788,743
$788.7K
Cap Rate 9%
$613,467
$613.5K
Market Conditions
NOI Build-Up for 4,251 SF
Gross rent
$85.7K $20.16/SF
− Vacancy
−$12.1K −$2.84/SF
EGI
$73.6K $17.32/SF
− OpEx
−$18.4K −$4.33/SF
NOI
$55.2K $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%
$1,104,240
Cap Rate 7%
$788,743
Cap Rate 9%
$613,467
Alternative Uses
Best Use
Office B
$788.7K
$690.2K – $920.2K
NOI $55,212 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$885.2K – $1.18M
NOI $70,812 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,396
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - On-site downtown parking offers the possibility of rental income.
Where is this office building located?
The property is located at 301 E Thayer Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,251‑square‑foot office building; Corner location at N 3rd Street and E Thayer Avenue; Nearly 10,000 vehicles per day on N 3rd Street
