Office Condo with Flexible Suite
For Sale
$675,000
F-1401 Skyline Boulevard, Bismarck, ND 58503
Office and medical space in a business park includes private work areas, shared elevator access, and common restrooms.
Property Size1,908 SF
Price / SF$353.77
Days on Market14
Property Features for F-1401 Skyline Boulevard
General Information
Standard status
Active
Size
1,908 SF
Elevators
Yes
Taxes and HOA fees
Annual Taxes
$5,535
Amenities
common area bathrooms
Listing Agency:
Realty One Group - Encore
(701) 751-7040
Listed By:
PATRICK KOSKI · License #8121
(701) 471-1331
Source:
Exprealty
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 13 at 1:20AM
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 Realty One Group - Encore
Investment Insights
Based on property information with market context.
This office condo in a Bismarck business park offers 1,908 square feet arranged with four offices, a reception area, and a large conference room. A break room and an additional storage/flex room round out the suite. Some furniture may be included in the sale.
The building has a shared elevator and common-area restrooms. Located in northwest Bismarck, the property is part of an established business park.
The building has a shared elevator and common-area restrooms. Located in northwest Bismarck, the property is part of an established business park.
Key Highlights
- 1,908‑square‑foot office/medical condo
- Four offices, reception area, and large conference room
- Break room plus a large storage/flex room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,781
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,620
$495.6K
Cap Rate 7%
$354,014
$354.0K
Cap Rate 9%
$275,344
$275.3K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$38.5K $20.16/SF
− Vacancy
−$5.4K −$2.84/SF
EGI
$33.0K $17.32/SF
− OpEx
−$8.3K −$4.33/SF
NOI
$24.8K $12.99/SF
Area
Burleigh County, ND
Vacancy
14.10%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,620
Cap Rate 7%
$354,014
Cap Rate 9%
$275,344
Alternative Uses
Best Use
Office B
$354.0K
$309.8K – $413.0K
NOI $24,781 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.0K
$397.3K – $529.7K
NOI $31,783 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 58503, ND
37,157
Population
15,997
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
135.6 sq mi
ZIP Area
274
Density / Sq Mi
$105,108
Median Household Income
$60,058
Median Earnings
$1,131
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office and medical space in a business park includes private work areas, shared elevator access, and common restrooms.
Where is this office units located?
The property is located at F-1401 Skyline Boulevard Bismarck, ND.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,908‑square‑foot office/medical condo; Four offices, reception area, and large conference room; Break room plus a large storage/flex room
