New Construction Shop Condo
6609 Rubicon Road 1 Bismarck, ND 58504
New
For Sale
$475,000
Brand-new heavy industrial zoned shop condos with radiant heat and oversized garage doors, build-to-suit layouts, and optional unit conjoining.
Property Size2,400 SF
Price / SF$197.92
Days on Market4
Property Features for 6609 Rubicon Road 1
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Listing Agency:
Realty One Group - Encore
(701) 223-3030
Listed By:
Caylee Krein
Source:
Trademarknd
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 10:52AM
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 Realty One Group - Encore
Investment Insights
Based on property information with market context.
New construction shop condo warehouses offering flexible, build-to-suit layout options on a heavy industrial-zoned property. Standard units measure 80' deep by 30' wide, with expansion available in 30' increments to create configurations up to 120' wide. Demising walls can be removed to accommodate larger, open unit layouts, and multiple units may be conjoined for bigger footprints. Each unit includes oversized garage doors measuring 16' wide by 18' tall with 20' sidewalls, plus radiant heat. No cooling is provided; three-phase power is available at the buyer’s cost. Midco fiber optic internet is available.
The property is served by septic, with the buyer responsible for pumping. Buyers pay for heat and electricity. Water is included in the HOA, and snow removal is provided. Additional outdoor storage and/or parking may be available for an additional cost, subject to availability. HOA is to be determined. A 2-year minimum lease is required, with a 5-year lease preferred.
Construction is expected to be completed around April/May 2026, with anticipated move-in readiness in July/August 2026. Early inquiries are encouraged to secure preferred unit sizing and customization; contact the listing agent for availability and timelines.
The property is served by septic, with the buyer responsible for pumping. Buyers pay for heat and electricity. Water is included in the HOA, and snow removal is provided. Additional outdoor storage and/or parking may be available for an additional cost, subject to availability. HOA is to be determined. A 2-year minimum lease is required, with a 5-year lease preferred.
Construction is expected to be completed around April/May 2026, with anticipated move-in readiness in July/August 2026. Early inquiries are encouraged to secure preferred unit sizing and customization; contact the listing agent for availability and timelines.
Key Highlights
- Brand‑new heavy industrial‑zoned shop condos available for sale or lease.
- Units are build‑to‑suit with flexible layouts, including ability to conjoin multiple units and remove demising walls for larger footprints.
- Standard unit size is 80' deep by 30' wide, with expansion options in 30' increments up to 120' wide configurations.
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 | $33.1k | $13.80 |
| − Vacancy | −$4.2k | −$1.77 |
| EGI | $28.9k | $12.03 |
| − OpEx | −$10.1k | −$4.21 |
| NOI | $18.8k | $7.82 |
2,400 SF · lease $13.80/SF/yr · vacancy 12.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$268.2K
$234.7K – $312.9K
NOI $18,772 @ 7.0% cap · market cap 3.95%
Second Best
Warehouse
$169.5K
$148.3K – $197.7K
NOI $11,864 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$571.1K
$499.7K – $666.3K
NOI $39,979 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Brand-new heavy industrial zoned shop condos with radiant heat and oversized garage doors, build-to-suit layouts, and optional unit conjoining.
Where is this flex space located?
The property is located at 6609 Rubicon Road 1 Bismarck, ND.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Brand‑new heavy industrial‑zoned shop condos available for sale or lease.; Units are build‑to‑suit with flexible layouts, including ability to conjoin multiple units and remove demising walls for larger footprints.; Standard unit size is 80' deep by 30' wide, with expansion options in 30' increments up to 120' wide configurations.
