114 N 4th St Bismarck, ND 58501
Retail/professional space featuring original wood floors and storefront windows.
Property Features for 114 N 4th St
General Information
- Standard status
- Active
- Size
- 6,570 SF
- Property subtype
- Retail
Listing office Aspen Group LLP (701) 223-2450
Listing date Sep 15, 2023
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
- Downtown Bismarck location
- Suitable for retail or professional use
- Original wood floors
Local Financial Insights For Retail
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 | $124.6k | $18.96 |
| − Vacancy | −$3.2k | −$0.49 |
| EGI | $121.3k | $18.47 |
| − OpEx | −$36.4k | −$5.54 |
| NOI | $84.9k | $12.93 |
