Industrial Warehouse with Office and
For Sale
Contact for pricing
4314 Centurion Drive, Bismarck, ND 58504
Well-equipped warehouse with overhead and dock doors plus office space and a fenced, gated yard for equipment staging.
Property Size20,705 SF
Lot Size2.94 Acres
Price / SF$120.74
Days on Market55
Property Features for 4314 Centurion Drive
General Information
Standard status
Active
Size
20,705 SF
Lot size
2.94 Acres
Property subtype
Office, Industrial, Land
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
2
Drive-In Doors
6
Heavy Power
Yes
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Aspen Group LLP
(701) 223-2450
Listed By:
Charles Reichert · License #ND 11466
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 11 at 8:36AM
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 Aspen Group LLP
Investment Insights
Based on property information with market context.
This industrial property includes a 20,705 SF warehouse building with office and support space, positioned on approximately 2.94 acres. The warehouse is set up for active operations with six 16’ x 14’ overhead doors and two 8’ x 8’ dock doors, 16-foot sidewalls, and both electric heat and suspended unit heaters. Power is available via 120/208V 4-wire, 3-phase service.
The office component provides eight private offices, two open work areas, a conference room, break room, and a server room, along with dedicated men’s and women’s restrooms. The yard is fenced and gated, surfaced with asphalt and gravel, and includes two access points from Centurion Drive to support circulation for vehicles and contractors.
The combination of multiple loading points, higher sidewalls, and fleet-friendly yard space makes this facility practical for warehousing, distribution, service, or contractor-oriented businesses. It also offers an established on-site office layout that can support administrative functions alongside warehouse operations, whether for owner occupancy or an operator seeking a turnkey industrial footprint.
The office component provides eight private offices, two open work areas, a conference room, break room, and a server room, along with dedicated men’s and women’s restrooms. The yard is fenced and gated, surfaced with asphalt and gravel, and includes two access points from Centurion Drive to support circulation for vehicles and contractors.
The combination of multiple loading points, higher sidewalls, and fleet-friendly yard space makes this facility practical for warehousing, distribution, service, or contractor-oriented businesses. It also offers an established on-site office layout that can support administrative functions alongside warehouse operations, whether for owner occupancy or an operator seeking a turnkey industrial footprint.
Key Highlights
- 2004‑built 20,705 SF warehouse on approx. 2.94 acres in South Bismarck
- Warehouse features six 16' x 14' overhead doors, plus two 8' x 8' dock doors and 16‑foot sidewalls
- Power and HVAC for industrial use: 120/208V 4‑wire, 3‑phase power; electric heat with suspended unit heaters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,352
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,047,040
$2.0M
Cap Rate 7%
$1,462,171
$1.5M
Cap Rate 9%
$1,137,244
$1.1M
Market Conditions
NOI Build-Up for 20,705 SF
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.
Gross rent
$129.2K $6.24/SF
− Vacancy
−$8.8K −$0.42/SF
EGI
$120.4K $5.82/SF
− OpEx
−$18.1K −$0.87/SF
NOI
$102.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,047,040
Cap Rate 7%
$1,462,171
Cap Rate 9%
$1,137,244
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,352 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$1.26M
$1.11M – $1.47M
NOI $88,483 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$4.93M
$4.31M – $5.75M
NOI $344,898 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Dock-high doors
6
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58504, ND
29,517
Population
12,479
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
94%
High-School Grad
103.3 sq mi
ZIP Area
286
Density / Sq Mi
$78,671
Median Household Income
$45,817
Median Earnings
$940
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Well-equipped warehouse with overhead and dock doors plus office space and a fenced, gated yard for equipment staging.
Where is this warehouse located?
The property is located at 4314 Centurion Drive Bismarck, ND.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 2004‑built 20,705 SF warehouse on approx. 2.94 acres in South Bismarck; Warehouse features six 16' x 14' overhead doors, plus two 8' x 8' dock doors and 16‑foot sidewalls; Power and HVAC for industrial use: 120/208V 4‑wire, 3‑phase power; electric heat with suspended unit heaters
