Self-Storage Facility Near Lincoln,
For Sale
Contact for pricing
2209 Fido Dr, Bismarck, ND 58504
6,300 SF self-storage facility with 30 units on 1.8 acres.
Property Size6,300 SF
Lot Size1.80 Acres
Price / SF$103.17
Days on Market772
Property Features for 2209 Fido Dr
General Information
Standard status
Active
Size
6,300 SF
Lot size
1.80 Acres
Property subtype
Land, Self Storage
Zoning
Commercial
Building Details
Year Built
2020
Buildings
1
Stories
1
Units
30
Listing Agency:
Aspen Group LLP
Listed By:
Charles Reichert, CCIM · License #ND 11466
Source:
Crexi
Added: Sep 4, 2024
Changed: Oct 10
Last Checked: Oct 12 at 4:59PM
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.
This self-storage facility is located just outside of Lincoln, North Dakota. The property includes a 6,300 square foot building situated on a 1.8-acre lot. It features 30 storage units and is equipped with security cameras.
Key Highlights
- 6,300 SF building on a generous 1.8 acre lot
- Self‑Storage Facility with 30 Units
- Located just outside of Lincoln ND
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,159
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,180
$823.2K
Cap Rate 7%
$587,986
$588.0K
Cap Rate 9%
$457,322
$457.3K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$64.3K $10.20/SF
− Vacancy
−$5.5K −$0.87/SF
EGI
$58.8K $9.33/SF
− OpEx
−$17.6K −$2.80/SF
NOI
$41.2K $6.53/SF
Area
Burleigh County, ND
Vacancy
8.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,180
Cap Rate 7%
$587,986
Cap Rate 9%
$457,322
Alternative Uses
Best Use
Self Storage
$588.0K
$514.5K – $686.0K
NOI $41,159 @ 7.0% cap · market cap 6.33%
Second Best
Industrial
$384.6K
$336.5K – $448.7K
NOI $26,923 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,944 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35
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
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - 6,300 SF self-storage facility with 30 units on 1.8 acres.
Where is this self storage facility located?
The property is located at 2209 Fido Dr Bismarck, ND.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6,300 SF building on a generous 1.8 acre lot; Self‑Storage Facility with 30 Units; Located just outside of Lincoln ND
