Heated Flex Space with
For Sale
$725,000
3100 E Broadway Ave, Bismarck, ND 58501
Office and shop configuration with heated, cooled, insulated space and yard area.
Property Size7,200 SF
Price / SF$100.69
Days on Market47
Property Features for 3100 E Broadway Ave
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Industrial
Zoning
IX-Industrial Mixed-Use
Amenities
heated cooled & insulated
floor drains
mezzanine
overhead doors
yard space
Building Details
Building Size
7,200 SF
Year Built
1974
Listed By:
Kristyn Steckler, Commercial REALTOR · License #ND #9182
(701) 527-0138
Source:
Thecragroup
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 20 at 7:43PM
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 Kristyn Steckler, Commercial REALTOR
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.
This flex property at 3100 E Broadway Ave in Bismarck combines office, shop, and yard components within an industrial mixed-use setting. Approximately 4,800 SF is available for occupancy, while an additional approximately 2,400 SF is leased to a short-term tenant. The building is heated, cooled, and insulated, with floor drains, a mezzanine, and two overhead doors measuring 12 feet by 10 feet. Constructed in 1974, the property provides a practical layout for office and shop operations.
The building occupies a corner lot and is zoned IX-Industrial Mixed-Use. The combination of available space, leased area, yard space, and functional shop improvements supports both owner-user and investment-oriented use without relying on a single configuration.
The building occupies a corner lot and is zoned IX-Industrial Mixed-Use. The combination of available space, leased area, yard space, and functional shop improvements supports both owner-user and investment-oriented use without relying on a single configuration.
Key Highlights
- Approximately 4,800 SF available for occupancy
- Approximately 2,400 SF leased to a short‑term tenant
- IX‑Industrial Mixed‑Use zoning on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,317
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,340
$1.1M
Cap Rate 7%
$804,529
$804.5K
Cap Rate 9%
$625,744
$625.7K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$99.4K $13.80/SF
− Vacancy
−$12.7K −$1.77/SF
EGI
$86.6K $12.03/SF
− OpEx
−$30.3K −$4.21/SF
NOI
$56.3K $7.82/SF
Area
Burleigh County, ND
Vacancy
12.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,340
Cap Rate 7%
$804,529
Cap Rate 9%
$625,744
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,514 @ 7.0% cap · market cap 12.90%
Second Best
Flex RnD
$804.5K
$704.0K – $938.6K
NOI $56,317 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,936 @ 7.0% cap · market cap 16.54%
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
Location Intelligence
Trade Area within ½ mile
394
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
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?
Flex space - Office and shop configuration with heated, cooled, insulated space and yard area.
Where is this flex space located?
The property is located at 3100 E Broadway Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 4,800 SF available for occupancy; Approximately 2,400 SF leased to a short‑term tenant; IX‑Industrial Mixed‑Use zoning on a corner lot
