1500 Capitol AveBismarck, ND 58501

Property Details for 1500 Capitol Ave

Year built

1973

Lot size

0.70 AC

Property size (Sq ft)

7,980 SF

Zone code

CG

Property type

Office properties

Property subtype

Other office properties

APN

0322-002-020

APU

322002020

Description

This exceptional 7,980 square foot office building, situated at 1500 E Capitol Ave in Bismarck, North Dakota, presents a unique investment opportunity. Built in 1973, this single-story structure sits on a generous 30,521 square foot lot and is zoned CG - Commercial, allowing for diverse usage. The property features a traditional office layout combined with coworking space options, catering to a variety of business needs. The building boasts multiple tenancies, providing flexibility for various sized businesses. Amenities include a shared common area lobby, a convenient break room, and well-maintained restrooms. Off-street parking is readily available for tenants and visitors. The property's location in North Bismarck offers easy access to major transportation routes and local amenities, making it an attractive location for businesses seeking a prominent presence in the Bismarck area. This is a prime opportunity to acquire a well-maintained and versatile commercial property in a thriving North Dakota market. The property's single-story design and ample parking make it highly accessible and convenient. The combination of traditional office space and coworking options provides a unique and adaptable space for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,248,079

  6.5%

  $1,152,073

  7%

  $1,069,782

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,299

  Geo Method

  $407,299

• Alternative Use

  Use

  Valuation

  Residential

  $1,428,570

  Hospitality

  $1,308,563

  Educational

  $1,088,709

  Medical

  $1,126,151

  Retail

  $1,693,547

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8286

Longitude

-100.77

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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