Mixed-Use Office and Distribution
For Sale
$3,250,000
707 E Front Ave, Bismarck, ND 58504
CX zoning supports a commercial mixed-use configuration with office and distribution areas.
Property Size62,222 SF
Price / SF$52.23
Days on Market8
Property Features for 707 E Front Ave
General Information
Standard status
Active
Size
62,222 SF
Elevators
Yes
Property subtype
Office
Zoning
CX
Warehouse & Industrial
Power
7,000 amps
Heavy Power
Yes
Additional Details
Asking Price
$3,250,000
Amenities
conference room
outdoor patio/break area
storage vault
breakroom
loading dock
IT/computer room
Building Details
Building Size
62,222 SF
Year Built
1979
Buildings
1
Stories
3
Construction
concrete/steel
Listing Agency:
Rise Property Brokers
Listed By:
Adam Geiger, CCIM · License #ND #10233
(701) 425-9427
Source:
Risepropertybrokers
Added: Sep 28
Changed: Sep 29
Last Checked: Oct 4 at 7:34AM
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
Investment Insights
Based on property information with market context.
Built in 1979, this concrete-and-steel property combines office and distribution space across multiple levels. Office areas include private and executive offices, open work areas, conference rooms, reception, breakrooms, and restrooms. A large IT room and elevator serve the upper floor, while the basement offers open space, restrooms, and lockers. The distribution area includes overhead doors, a loading dock, and a freight elevator to the basement. Electrical service is listed at 7,000 Amp, and outdoor parking and a patio/break area are also present.
The property is at the corner of East Front Avenue and South 7th Street in Bismarck. The location sees 17,400+ vehicles per day. Zoning is CX - Commercial Mixed Use.
The property is at the corner of East Front Avenue and South 7th Street in Bismarck. The location sees 17,400+ vehicles per day. Zoning is CX - Commercial Mixed Use.
Key Highlights
- Office and distribution areas arranged across multiple levels, with a basement
- 7,000 Amp power service
- Loading dock area, overhead doors, and freight elevator to the basement
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
$265,906
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
8.18%
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%
$5,318,120
$5.3M
Cap Rate 7%
$3,798,657
$3.8M
Cap Rate 9%
$2,954,511
$3.0M
Market Conditions
NOI Build-Up for 62,222 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
$410.7K $6.60/SF
− Vacancy
−$30.8K −$0.50/SF
EGI
$379.9K $6.10/SF
− OpEx
−$114.0K −$1.83/SF
NOI
$265.9K $4.27/SF
Area
Burleigh County, ND
Vacancy
7.50%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
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%
$5,318,120
Cap Rate 7%
$3,798,657
Cap Rate 9%
$2,954,511
Alternative Uses
Best Use
Office B
$11.54M
$10.10M – $13.47M
NOI $808,144 @ 7.0% cap · market cap 24.87%
Second Best
Mixed Use
$6.67M
$5.84M – $7.79M
NOI $467,132 @ 7.0% cap · market cap 14.37%
Theoretical Best
Office A
$14.81M
$12.96M – $17.27M
NOI $1,036,477 @ 7.0% cap · market cap 31.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
3,605
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - CX zoning supports a commercial mixed-use configuration with office and distribution areas.
Where is this mixed-use property located?
The property is located at 707 E Front Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Office and distribution areas arranged across multiple levels, with a basement; 7,000 Amp power service; Loading dock area, overhead doors, and freight elevator to the basement
