418 Broadway AveBismarck, ND 58501

Property Details for 418 Broadway Ave

Year built

1956

Lot size

0.32 AC

Property size (Sq ft)

26,936 SF

Zone code

DC

Property type

Office properties

Property subtype

Other office properties

APN

0001-066-020

APU

1066020

Description

This exceptional Bismarck, North Dakota office building, located at 418 E Broadway Ave, offers 26,936 square feet of versatile space. Built in 1956, the single-building property features a mix of traditional, executive, and creative office suites, perfect for a variety of businesses. The building includes an elevator and a common conference room, enhancing tenant convenience and collaboration. Multiple tenancy options are available, ranging from 356 to 3,803 square feet, with nine units currently available. The full-service lease rates range from $10 to $20.22 per square foot. Situated in the heart of downtown Bismarck, this property boasts a Walk Score of 79, providing easy access to numerous amenities. Its central location is further enhanced by its proximity to a city parking ramp, ensuring convenient parking for tenants and clients. The building is zoned DC and is located in Burleigh County, North Dakota, zip code 58501. This secure environment offers a prime opportunity to establish or expand your business in a highly desirable location. The property's central location and convenient amenities make it an ideal choice for businesses seeking a thriving and accessible workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $4,212,814

  6.5%

  $3,888,751

  7%

  $3,610,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,374,814

  Geo Method

  $1,374,814

• Alternative Use

  Use

  Valuation

  Residential

  $4,822,051

  Hospitality

  $4,416,973

  Educational

  $3,674,870

  Medical

  $3,801,254

  Retail

  $5,716,464

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8067

Longitude

-100.785

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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