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    1409 Lockheed Dr 16 Bismarck, ND 58504

    Sponsored
    For Sale
    $282,000

    2,000 sq ft Warehouse Condo, Great Location

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,000-square-foot industrial condo, built in 2023, presents a unique investment opportunity in Bismarck, North Dakota. Located at 1409 Lockheed Dr 16, this two-story property boasts a 16-foot ceiling height, a spacious 32x40-foot floor plan, and a wrap-around loft, adding significant versatility. The unit includes a 14x14-foot overhead door with a remote opener, perfect for easy access and efficient material handling. Practical features such as a utility sink, floor drain, and bathroom enhance functionality. The property is well-lit and equipped with keyless entry and a video doorbell for added security. Heating is included. Zoned for light industrial use (MA), this condo is ideal for various businesses, storage needs, or even personal use. The HOA fee of $100 per month covers exterior maintenance and insurance, snow removal, dumpster service, an outside security system, and water/sewer. Conveniently located near the expressway, this property offers easy access to major transportation routes. Additional amenities include USPS mail delivery lockers and a private drive. The property is currently vacant and offers high rental potential, with market rates averaging $1 per square foot. This rapidly growing area ensures a strong return on investment and significant future resale value.

    Property Features for 1409 Lockheed Dr 16

    General Information

    Property type
    Distribution properties
    Square Feet
    2,000 SF

    Building Details

    Year Built
    2023
    Stories
    2

    HighLights

    • 2,000 sq ft industrial condo built in 2023, located at 1409 Lockheed Dr 16, Bismarck, ND.
    • Two‑story unit with 16' ceilings, 32'x40' floor plan, and wrap‑around loft.
    • Features a 14'x14' overhead door with remote, utility sink, floor drain, bathroom, keyless entry, and video doorbell.
    • Heating included; $100/month HOA covers exterior maintenance, insurance, snow removal, dumpster, security system, and water/sewer.
    • Light industrial zoning (MA), excellent location near expressway with USPS mail lockers and private drive; currently vacant with high rental potential ($1/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.756033
    Latitude
    46.7883889

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    FAQs

    What type of property is this?
    Distribution property - 2,000 sq ft Warehouse Condo, Great Location
    Where is this distribution property located?
    The property is located at 1409 Lockheed Dr 16 Bismarck, ND.
    What is the asking price?
    The asking price for this property is $282,000.
    What are key features of this property?
    This property features: 2,000 sq ft industrial condo built in 2023, located at 1409 Lockheed Dr 16, Bismarck, ND.; Two-story unit with 16' ceilings, 32'x40' floor plan, and wrap-around loft.; Features a 14'x14' overhead door with remote, utility sink, floor drain, bathroom, keyless entry, and video doorbell.
    Request Owner's contact information
    1409 Lockheed Dr 16 Bismarck, ND 58504
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    Realmo Value Estimation

    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.

    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.

    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
    1409 Lockheed Dr 16 Bismarck, ND 58504
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