200 E Main Ave Bismarck, ND 58501
Three-story commercial building with updated finishes and abundant natural light.
Property Features for 200 E Main Ave
General Information
- Standard status
- Active
- Size
- 12,922 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1880
Listing office Aspen Group LLP (701) 223-2450
Listing date Jun 5, 2024
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
Investment Insights
Based on property information with market context.
Key Highlights
- Historic commercial building in downtown Bismarck
- Updated & modern finishes
- New roof
Local Financial Insights For Mixed Use
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 | $170.6k | $13.20 |
| − Vacancy | −$15.4k | −$1.19 |
| EGI | $155.2k | $12.01 |
| − OpEx | −$58.2k | −$4.50 |
| NOI | $97.0k | $7.51 |
