Downtown Bismarck Retail/Professional
For Sale
Contact for pricing
114 N 4th St, Bismarck, ND 58501
Retail/professional space featuring original wood floors and storefront windows.
Property Size6,570 SF
Price / SF$182.65
Days on Market1126
Property Features for 114 N 4th St
General Information
Standard status
Active
Size
6,570 SF
Property subtype
Retail
Building Details
Stories
2
Listing Agency:
Aspen Group LLP
Listed By:
Michael Ilse · License #ND 8214
(701) 223-2450
Source:
Crexi
Added: Sep 15, 2023
Changed: Oct 4
Last Checked: Oct 12 at 5:28PM
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 downtown Bismarck property offers retail or professional space featuring original wood floors and large storefront windows. The building includes two restrooms on the main floor and one on the second floor. The property size is 6570 square feet.
Key Highlights
- Downtown Bismarck location
- Suitable for retail or professional use
- Original wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,930
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,698,600
$1.7M
Cap Rate 7%
$1,213,286
$1.2M
Cap Rate 9%
$943,667
$943.7K
Market Conditions
NOI Build-Up for 6,570 SF
Gross rent
$124.6K $18.96/SF
− Vacancy
−$3.2K −$0.49/SF
EGI
$121.3K $18.47/SF
− OpEx
−$36.4K −$5.54/SF
NOI
$84.9K $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 Rate 5%
$1,698,600
Cap Rate 7%
$1,213,286
Cap Rate 9%
$943,667
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,930 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,441 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Retail space - Retail/professional space featuring original wood floors and storefront windows.
Where is this retail space located?
The property is located at 114 N 4th St Bismarck, ND.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Downtown Bismarck location; Suitable for retail or professional use; Original wood floors
