2000 Schafer St Bismarck, ND 58501
- Office Properties & Spaces
- 43,708 SF
- 4.27 lot acres
Current Use by Public Records
- Media Productions / Video Production Service
- Thrive Anesthesia Services / Pain Control Clinic
- FiscalBridge LLC / Life Insurance Agency
- Jeffrey S. Weikum / Attorney
- PDW Fitness / Gym
Property Details for 2000 Schafer St
- Year built
- 1984
- Lot size
- 4.27 lot acres
- Property size
- 43,708 SF
- Zone code
- RT
- Property type
- Office Properties & Spaces
- APN
- 1091-001-100
- APU
- 1091001100
Description
This exceptional Bismarck, North Dakota office complex, located at 2000 Schafer Street, presents a unique investment opportunity. The property boasts a total of 43,708 square feet of versatile office space, spread across two buildings and three stories. Built in 1984, this property is zoned CG and sits on a substantial 168,438 square foot lot, offering ample parking and potential for future expansion. The buildings are equipped with elevators for convenient access to all floors. The flexible space caters to a variety of office needs, suitable for medical, creative, traditional, and professional uses. Its convenient location just off Divide Avenue in Northwest Bismarck provides excellent accessibility and visibility. The multiple tenancy structure offers a diversified income stream and potential for long-term growth. This property represents a compelling opportunity for investors seeking a well-established and adaptable office complex in a thriving North Dakota market. The zip code is 58501. The property's versatility and prime location make it an ideal investment for those seeking a strong return on investment in the Bismarck area. This is a rare opportunity to acquire a substantial office complex in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,585,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,735,000
- 6.5%
- $3,465,000
- 7%
- $3,540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,490,000
- Geo Method
- $3,880,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,150,000
- Retail
- $4,035,000
- Mixed-Use
- $3,450,000
- Hospitality
- $3,315,000
- Educational
- $3,755,000
- Residential Income
- $3,230,000
- Energy
- $3,210,000
- Income-Based Land
- $3,495,000
- Food Service
- $3,930,000
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.817
- Latitude
- 46.8258
- CBSA code
- 13900
- CBSA name
- BISMARCK, ND METROPOLITAN STATISTICAL AREA
