Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unique Building in Downtown Bismarck Title is generated by Realmo AI

    510 E Main Ave, Bismarck, ND 58501

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    One-of-a-kind building with perfect demographics in Downtown Bismarck.

    Type:Office, Retail
    Added:
    Aug 2, 2023
    Days on Market:
    1039
    Last Refresh:
    May 12 at 9:20 pm

    Property Features for 510 E Main Ave

    General Information

    Standard status
    Active
    Property subtype
    Office, Retail

    Building Details

    Year Built
    2012

    Spaces For Lease

    at 510 E Main Ave Contact us

    Suite 4A $25/Mo

    Size
    1,828 SF
    Type
    Office, Retail
    • $45.00 PSF Tenant Improvement Allowancen• One of a kind 4th floor suites with...
    show more
    Contact us

    We can help!

    Listing Contact
    Liz Spaeth

    Listing agent Liz Spaeth License #9940

    Listing office Aspen Group LLP

    Listing date Aug 2, 2023

    Source Crexi

    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

    HighLights

    • Located in the heart of Downtown Bismarck
    • Perfect demographics
    • One‑of‑a‑kind building
    • Beautiful building
    • Built in 2012

    Overview

    This unique building is located in the heart of Downtown Bismarck. The property is intended for commercial real estate use and has perfect demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    India clay oven ... Restaurant Red Eye Casino Bar & Pub Greater North Dakota ... Business Service Center Beauty Renew LLC Hair Salon LÜFT Rooftop Bar Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7839299
    Latitude
    46.8056267

    Nearby Similar for Lease

    • $2,000/Mo
      1,025 SF

      Remodeled Downtown Commercial Space Available

      Recently remodeled commercial space in a historic downtown building.
      401 East Broadway Avenue, Bismarck, ND 58501
      View Details
    • $5,000/Mo
      5,200 SF

      Remodeled Downtown Commercial Space

      Recently remodeled commercial space in a historic downtown building.
      401 East Broadway Avenue, Bismarck, ND 58501
      View Details
    • $3,500/Mo
      4,000 SF

      Downtown Commercial Space For Rent

      Remodeled commercial space with showroom, offices, and high visibility.
      401 East Broadway Avenue, Bismarck, ND 58501
      View Details
    • $14 SF/Yr
      3,495 SF

      Downtown Bismarck Class A Office

      Class A office space with customizable options in downtown Bismarck.
      401 East Broadway Avenue, Bismarck, ND 58501
      View Details
    • $15 SF/Yr
      3,700 SF

      Unique Commercial Space on Main

      Versatile commercial property suitable for various business concepts.
      212 E Main Ave, Bismarck, ND 58501
      View Details
    • $14 SF/Yr
      5,290 SF

      Downtown Office Space Available

      5,290 SF office space in a desirable downtown location.
      505 East Main Avenue, Bismarck, ND 58501
      View Details
    • $12 SF/Yr
      5,517 SF

      High-End Office Space Available

      Prime location with high-end finishes and abundant parking.
      931 S 9th St, Unit 201, Bismarck, ND 58504
      View Details
    • $2,564/Mo
      2,564 SF

      Versatile Shop with Office Space

      2,564 SF shop with office, storage, and essential amenities.
      1239 Hemlock St, Bismarck, ND 58504
      View Details
    • $22 SF/Yr
      1,666 SF

      Bismarck Office Suite with Amenities

      1,666 SF office space in a fast-growing Bismarck area.
      4719 Shelburne St, Bismarck, ND 58503
      View Details
    • $15 SF/Yr
      6,000 SF

      Arrowhead Plaza Retail Storefront

      Retail space in Arrowhead Plaza with flexible leasing options.
      1138 North 3rd Street, Bismarck, ND 58501
      View Details
    • $1,500/Mo
      1,500 SF

      Downtown Bismarck Office Space

      1,500 SF office space in downtown Bismarck for lease.
      215 N 3rd St., Bismarck, ND 58501
      View Details
    • $13 SF/Yr
      7,500 SF

      Industrial Warehouse with Overhead Doors

      Warehouse space with 18' sidewalls, radiant heat, and multiple overhead doors, designed for ready-to-run industrial operations.
      1700 Piper St, Bismarck, ND 58504
      View Details

    FAQs

    What type of property is this?
    Specialty property - One-of-a-kind building with perfect demographics in Downtown Bismarck.
    Where is this specialty property located?
    The property is located at 510 E Main Ave Bismarck, ND.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Located in the heart of Downtown Bismarck; Perfect demographics; One‑of‑a‑kind building
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Liz Spaeth
    Real Estate License ID: 9940
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    510 E Main Ave, Bismarck, ND 58501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!