Automotive Detailing
For Sale
$599,500
7107 N 19th St Unit 106, Bismarck, ND 58503
For sale detailing and flex space with full two-zone HVAC, dedicated wash area, and a fully finished second-floor simulator loft.
Property Size2,600 SF
Days on Market120
Property Features for 7107 N 19th St Unit 106
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Building Details
Building Size
2,600 SF
Year Built
2023
Stories
2
Listing Agency:
Rise Property Brokers
Listed By:
Jon Lee · License #ND #11237
(701) 400-4445
Source:
Risepropertybrokers
Added: May 8
Changed: Sep 3
Last Checked: Sep 2 at 2:15PM
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.
This automotive detailing and flex facility is equipped for on-site vehicle wash and clean workflows, with a dedicated wash space that includes a 20' slot drain, countertop work area, and built-in storage/cabinetry. The interior also features a full bathroom with shower plus laundry amenities, central vacuum, and a professionally coated garage floor. Mechanical and utility features include heat and AC with two HVAC zones, a dehumidifier and air exchanger, and an air compressor/welding-outlet ready setup. Vehicle support equipment includes a hot/cold pressure washer system with bucket filler, spot-free wash capability, and a pressure washer setup, along with multiple cleaning devices such as a robot floor vacuum/mop and a robot floor cleaning system.
A security system with alarm and remote access is included, along with smoke detectors and water sensors. The second-floor loft is fully finished and built around entertainment and training simulator areas, including a golf simulation zone with an Uneekor Eyexo 2 gaming PC, projector, and full turf hitting mat, plus a shooting simulation setup with laser ammo, a smokeless range tracking camera, and included firearm items. The property also includes a range of integrated electronics and audio equipment, plus a garage-stacked washer/dryer and additional built-in storage.
A security system with alarm and remote access is included, along with smoke detectors and water sensors. The second-floor loft is fully finished and built around entertainment and training simulator areas, including a golf simulation zone with an Uneekor Eyexo 2 gaming PC, projector, and full turf hitting mat, plus a shooting simulation setup with laser ammo, a smokeless range tracking camera, and included firearm items. The property also includes a range of integrated electronics and audio equipment, plus a garage-stacked washer/dryer and additional built-in storage.
Key Highlights
- Built in 2023 with full 2‑zone HVAC
- Dedicated vehicle wash and detailing setup with 20' slot drain and pressure washer with hot & cold water
- Fully finished 2nd‑floor loft with golf and shooting simulators and a complete 2nd HVAC zone
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
$33,610
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
5.61%
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%
$672,200
$672.2K
Cap Rate 7%
$480,143
$480.1K
Cap Rate 9%
$373,444
$373.4K
Market Conditions
NOI Build-Up for 2,600 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
$49.3K $18.96/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$48.0K $18.47/SF
− OpEx
−$14.4K −$5.54/SF
NOI
$33.6K $12.93/SF
Area
Burleigh County, ND
Vacancy
2.60%
Lease Rate
$18.96 /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%
$672,200
Cap Rate 7%
$480,143
Cap Rate 9%
$373,444
Alternative Uses
Best Use
Retail
$480.1K
$420.1K – $560.2K
NOI $33,610 @ 7.0% cap · market cap 5.61%
Second Best
Flex RnD
$290.5K
$254.2K – $339.0K
NOI $20,337 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$618.7K
$541.4K – $721.8K
NOI $43,310 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58503, ND
37,157
Population
15,997
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
135.6 sq mi
ZIP Area
274
Density / Sq Mi
$105,108
Median Household Income
$60,058
Median Earnings
$1,131
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - For sale detailing and flex space with full two-zone HVAC, dedicated wash area, and a fully finished second-floor simulator loft.
Where is this auto shop located?
The property is located at 7107 N 19th St Unit 106 Bismarck, ND.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Built in 2023 with full 2‑zone HVAC; Dedicated vehicle wash and detailing setup with 20' slot drain and pressure washer with hot & cold water; Fully finished 2nd‑floor loft with golf and shooting simulators and a complete 2nd HVAC zone
