Renovated Warehouse with
For Sale
Contact for pricing
3205 E Thayer Ave, Bismarck, ND 58501
Renovated industrial facility with dock-high and drive-in loading infrastructure.
Property Size48,740 SF
Price / SF$61.55
Days on Market247
Property Features for 3205 E Thayer Ave
General Information
Standard status
Active
Size
48,740 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
23 ft
Dock-High Doors
3
Drive-In Doors
2
Building Details
Year Built
1973
Year Renovated
2018
Building Size
48,740 SF
Listing Agency:
CBRE - Fargo
Listed By:
Kyle Ferderer · License #ND10560
(612) 709-7950
Source:
Crexi
Added: Feb 10
Changed: Sep 13
Last Checked: Oct 12 at 7:28PM
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 CBRE - Fargo
Investment Insights
Based on property information with market context.
This warehouse facility contains 48,740 SF and was originally constructed in 1973, with renovations completed in 2018. The building is equipped with three dock-high loading positions and two drive-in doors, supporting the movement and storage of goods. Clear heights range from 18’ to 23’, providing varied vertical capacity for warehouse and operational requirements.
Located at 3205 E Thayer Ave in Bismarck, North Dakota, the property is positioned as an infill industrial facility. Its combination of loading access, substantial interior area, and updated improvements supports logistics, warehousing, and related operations.
Located at 3205 E Thayer Ave in Bismarck, North Dakota, the property is positioned as an infill industrial facility. Its combination of loading access, substantial interior area, and updated improvements supports logistics, warehousing, and related operations.
Key Highlights
- 48,740 SF warehouse facility
- Renovated in 2018; originally constructed in 1973
- Three dock‑high loading positions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,938
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,818,760
$4.8M
Cap Rate 7%
$3,441,971
$3.4M
Cap Rate 9%
$2,677,089
$2.7M
Market Conditions
NOI Build-Up for 48,740 SF
Gross rent
$304.1K $6.24/SF
− Vacancy
−$20.7K −$0.42/SF
EGI
$283.5K $5.82/SF
− OpEx
−$42.5K −$0.87/SF
NOI
$240.9K $4.94/SF
Area
Burleigh County, ND
Vacancy
6.80%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,818,760
Cap Rate 7%
$3,441,971
Cap Rate 9%
$2,677,089
Alternative Uses
Best Use
Warehouse
$3.44M
$3.01M – $4.02M
NOI $240,938 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.60M
$10.15M – $13.53M
NOI $811,898 @ 7.0% cap · market cap 27.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
23 ft
Clear height
3
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Well-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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Record Keepers, LLC — 2624 Vermont Ave, Bismarck, ND 58504
- Otis Elevator Company — 2910 E Broadway Ave # 36, Bismarck, ND 58501
- Regency Storage Center — 354 N 35th St, Bismarck, ND 58501
- AAction Movers — 3403 E Rosser Ave, Bismarck, ND 58501
- Access Relocation — 3401 E Rosser Ave, Bismarck, ND 58501
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial facility with dock-high and drive-in loading infrastructure.
Where is this warehouse located?
The property is located at 3205 E Thayer Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 48,740 SF warehouse facility; Renovated in 2018; originally constructed in 1973; Three dock‑high loading positions
