707 Airport RdBismarck, ND 58504

  • Industrial properties
  • 14.70 AC
For Sale
$7,900,000 View listing

Property Details for 707 Airport Rd

Year built
1956
Lot size
14.70 AC
Zone code
MA
Property type
Industrial properties
Property subtype
Flex space
APN
0320-004-001
APU
320004001

Description

This exceptional industrial property, located at 707 Airport Rd, Bismarck, ND 58504, presents a significant investment opportunity. The 198,360 to 211,003 square foot facility sits on a 14.7-acre lot and boasts a rich history as a former distribution center for prominent national companies. The building, constructed between 1956 and 1986, is classified as Class C and zoned MA-Industrial. The warehouse features a substantial amount of ambient storage space (approximately 129,000 square feet) and significant refrigerated/freezer space (approximately 55,000 square feet), with estimated pallet racking capacity of 9,902 pallets in the ambient area and 5,239 pallets in the refrigerated section. The property includes 25 dock-high doors, each equipped with hydraulic levelers and trailer safety locks. Building amenities include a key fob access system, reception area, work area, conference room, three offices, a second-floor IT room, breakroom, and additional office space. Ceiling heights range from 16.5 to 30 feet. The warehouse benefits from a recent LED lighting upgrade and a robust 450 kW, three-phase power supply. A large fenced yard provides ample outdoor space. The property enjoys convenient access to major transportation arteries and trucking routes. The 2023 property taxes totaled $161,444.69. The APN is 0320-004-001. This property is ideal for a variety of distribution and storage needs.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $114,639,360
    Hospitality
    $105,009,040
    Educational
    $87,366,288
    Medical
    $90,370,952
    Retail
    $135,903,120
707 Airport Rd, Bismarck, North Dakota
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Location Insight

City
Bismarck
County
Burleigh
State
North Dakota
Latitude
46.7983
Longitude
-100.76
CBSA code
13900
CBSA name
BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$161,445
$996,400
$5,215,400
$6,211,800
-
$1,992,800
$10,430,800
$12,423,600

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