1409 Lockheed Dr Bismarck, ND 58504
This exceptional 2,000-square-foot industrial condo, built in 2023, presents a unique investment opportunity in Bismarck, North Dakota. Located at 1409 Lockheed Dr 16, this two-story property boasts a 16-foot ceiling height, a spacious 32x40-foot floor plan, and a wrap-around loft, adding significant versatility. The unit includes a 14x14-foot overhead door with a remote opener, perfect for easy access and efficient material handling. Practical features such as a utility sink, floor drain, and bathroom enhance functionality. The property is well-lit and equipped with keyless entry and a video doorbell for added security. Heating is included. Zoned for light industrial use (MA), this condo is ideal for various businesses, storage needs, or even personal use. The HOA fee of $100 per month covers exterior maintenance and insurance, snow removal, dumpster service, an outside security system, and water/sewer. Conveniently located near the expressway, this property offers easy access to major transportation routes. Additional amenities include USPS mail delivery lockers and a private drive. The property is currently vacant and offers high rental potential, with market rates averaging $1 per square foot. This rapidly growing area ensures a strong return on investment and significant future resale value.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.