Climate-Controlled Flex
For Sale
$399,000
F-1416 Burlington Dr, Bismarck, ND 58504
Front and rear garage doors support efficient loading, unloading, and maneuvering.
Property Size2,105 SF
Price / SF$189.55
Days on Market259
Property Features for F-1416 Burlington Dr
General Information
Standard status
Active
Size
2,105 SF
Taxes and HOA fees
Annual Taxes
$7,513
Listing Agency:
Capital Real Estate Partners
(701) 557-7747
Listed By:
Desri Neether · License #8844
(701) 955-4189
Source:
Exprealty
Added: Feb 14
Changed: Oct 25
Last Checked: Oct 30 at 8:15PM
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 Capital Real Estate Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space shop condo includes 1,800 square feet of climate-controlled main-shop area with heat and A/C, a dedicated front office entrance, and interior access between the office and shop. Dual 14-ft garage doors at the front and rear support loading, unloading, and maneuvering. The property also includes a separate mechanical room, half bath, and a 305-square-foot second-story loft for additional storage or workspace.
Outside, the property provides 5,784 square feet of secured, fully fenced storage along with parking for visitors or work vehicles. The fenced area can accommodate tools, trailers, or inventory. Located at F-1416 Burlington Dr in Bismarck, ND, the property combines office, shop, loft, and outdoor storage components within a flexible commercial layout.
Outside, the property provides 5,784 square feet of secured, fully fenced storage along with parking for visitors or work vehicles. The fenced area can accommodate tools, trailers, or inventory. Located at F-1416 Burlington Dr in Bismarck, ND, the property combines office, shop, loft, and outdoor storage components within a flexible commercial layout.
Key Highlights
- 1,800 SF climate‑controlled main shop with heat and A/C
- 305 SF second‑story loft for storage or workspace
- Dual 14‑ft garage doors at the front and rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,465
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,300
$329.3K
Cap Rate 7%
$235,214
$235.2K
Cap Rate 9%
$182,944
$182.9K
Market Conditions
NOI Build-Up for 2,105 SF
Gross rent
$29.0K $13.80/SF
− Vacancy
−$3.7K −$1.77/SF
EGI
$25.3K $12.03/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$16.5K $7.82/SF
Area
Burleigh County, ND
Vacancy
12.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,300
Cap Rate 7%
$235,214
Cap Rate 9%
$182,944
Alternative Uses
Best Use
Flex RnD
$235.2K
$205.8K – $274.4K
NOI $16,465 @ 7.0% cap · market cap 4.13%
Second Best
Warehouse
$148.7K
$130.1K – $173.4K
NOI $10,406 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$500.9K
$438.3K – $584.4K
NOI $35,065 @ 7.0% cap · market cap 8.79%
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
532
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Key West Cafe Food Truck — carpet garage, bismarck, nd 58504
Frequently Asked Questions
What type of property is this?
Flex space - Front and rear garage doors support efficient loading, unloading, and maneuvering.
Where is this flex space located?
The property is located at F-1416 Burlington Dr Bismarck, ND.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,800 SF climate‑controlled main shop with heat and A/C; 305 SF second‑story loft for storage or workspace; Dual 14‑ft garage doors at the front and rear
