Condo Shop With Storage
3224 Airway Avenue Bismarck, ND 58504
3224 Airway Avenue, Bismarck, ND, 58504
$316,900
Pending
For Sale
$316,900
Pending
Condo shop units include a 14x14 overhead door, 16-foot sidewalls, and optional individually secured fenced storage.
Property Size2,040 SF
Days on Market20
Property Features for 3224 Airway Avenue
General Information
- Standard status
- Pending
- Size
- 2,040 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing agency
Oaktree Realty
(701) 226-5942
Listed by
DARREN SCHMIDT · License #7897
Source
Clearwaterproperties
Added: Jul 4 Updated: Jul 22 at 10:13AM Checked: Jul 23 at 6:31AM
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 Oaktree Realty
Investment Insights
Based on property information with market context.
The Airway Project Shop Condominiums offer individual condo shop units designed for business or personal use, with the option for each unit to have an individually secured outside fenced storage area. Units feature a 14x14 front overhead door with opener and WIFI connection capabilities, 16-foot sidewalls, energy efficient radiant heat, hot and cold water, a trench floor drain, and 220A–220v 3-phase electrical power. A front office with a window includes an installed PTAC heat and A/C unit, and the bathroom includes a toilet, sink, and a 50-gallon water heater with an option for a shower and laundry area. Each unit also provides front and rear service doors for legal business operations, with the interior available in configurations that can be combined using an open interior span.
Located in south Bismarck with easy access to Bismarck Expressway and I-94, the development includes lighted exterior areas and signage space, plus a total of 137 parking spaces. An association governed by covenants and by-laws maintains snow removal, water, sewer, exterior maintenance, and exterior insurance. Units are expected to be ready for occupancy in Summer 2026, and some photos reflect previously completed units.
Located in south Bismarck with easy access to Bismarck Expressway and I-94, the development includes lighted exterior areas and signage space, plus a total of 137 parking spaces. An association governed by covenants and by-laws maintains snow removal, water, sewer, exterior maintenance, and exterior insurance. Units are expected to be ready for occupancy in Summer 2026, and some photos reflect previously completed units.
Key Highlights
- 2025‑built Airway Project Shop Condominiums with 2,010–2,040 SF condo shop units (for sale or for lease).
- 14x14 front overhead door with opener and WiFi connection; 16‑foot sidewalls and open interior span option for combined units.
- Energy efficient radiant heat, hot & cold water, and 220A (220v 3‑phase) electrical power.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.2k | $13.80 |
| − Vacancy | −$3.6k | −$1.77 |
| EGI | $24.5k | $12.03 |
| − OpEx | −$8.6k | −$4.21 |
| NOI | $16.0k | $7.82 |
2,040 SF · lease $13.80/SF/yr · vacancy 12.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$228.0K
$199.5K – $266.0K
NOI $15,957 @ 7.0% cap · market cap 5.04%
Second Best
Warehouse
$144.1K
$126.1K – $168.1K
NOI $10,084 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$485.5K
$424.8K – $566.4K
NOI $33,982 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Key West Cafe Food Truck — carpet garage, bismarck, nd 58504
FAQs
What type of property is this?
Flex space - Condo shop units include a 14x14 overhead door, 16-foot sidewalls, and optional individually secured fenced storage.
Where is this flex space located?
The property is located at 3224 Airway Avenue Bismarck, ND.
What is the asking price?
The asking price for this property is $316,900.
What are key features of this property?
This property features: 2025‑built Airway Project Shop Condominiums with 2,010–2,040 SF condo shop units (for sale or for lease).; 14x14 front overhead door with opener and WiFi connection; 16‑foot sidewalls and open interior span option for combined units.; Energy efficient radiant heat, hot & cold water, and 220A (220v 3‑phase) electrical power.
