Downtown Office Building with
421 N 4th St, Bismarck, ND 58501
For Sale
Contact for pricing
Updated office building with a drive-thru, large lobby, skylights, and off-street parking.
Property Size3,880 SF
Price / SF$252.55
Days on Market260
Property Features for 421 N 4th St
General Information
Standard status
Size
Property subtype
Listing Agency:
Rise Property Brokers
(701) 222-0232
Listed By:
Jon Lee · License ND #11237
(701) 400-4445
Source:
Moodyscre
Added: Feb 27
Changed: Oct 26
Last Checked: Nov 12 at 8:50AM
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
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Investment Insights
Based on property information with market context.
This downtown office building offers an updated interior and a practical layout centered on a large lobby. The space includes five private offices, a kitchenette, and bathrooms on both levels, with one bathroom on the main level and two bathrooms in the basement. Daylighting is provided through skylights and large windows, supported by a brick exterior.
The property sits in a downtown corner location and features off-street parking. A large cube pylon sign is also on site, which can help support visibility for the right business.
Built in 1971 and positioned on a 8,416 SF lot, the building is currently designated for DC - Core Zoning District. Office occupants and related professional uses should evaluate fit based on zoning requirements and any applicable regulations for the drive-thru component.
The property sits in a downtown corner location and features off-street parking. A large cube pylon sign is also on site, which can help support visibility for the right business.
Built in 1971 and positioned on a 8,416 SF lot, the building is currently designated for DC - Core Zoning District. Office occupants and related professional uses should evaluate fit based on zoning requirements and any applicable regulations for the drive-thru component.
Key Highlights
- Updated office building with a drive‑thru and downtown corner location
- 3,880 SF building on an 8,416 SF lot with brick exterior
- Large lobby with skylights and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,394
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,880
$1.0M
Cap Rate 7%
$719,914
$719.9K
Cap Rate 9%
$559,933
$559.9K
Market Conditions
NOI Build-Up for 3,880 SF
Gross rent
$78.2K $20.16/SF
− Vacancy
−$11.0K −$2.84/SF
EGI
$67.2K $17.32/SF
− OpEx
−$16.8K −$4.33/SF
NOI
$50.4K $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%
$1,007,880
Cap Rate 7%
$719,914
Cap Rate 9%
$559,933
Alternative Uses
Best Use
Office B
$719.9K
$629.9K – $839.9K
NOI $50,394 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.3K
$807.9K – $1.08M
NOI $64,632 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,257
Businesses Nearby
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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
Properties on Market for Office buildings in Bismarck
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Updated office building with a drive-thru, large lobby, skylights, and off-street parking.
Where is this office building located?
The property is located at 421 N 4th St Bismarck, ND.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Updated office building with a drive‑thru and downtown corner location; 3,880 SF building on an 8,416 SF lot with brick exterior; Large lobby with skylights and large windows
