4719 Shelburne StBismarck, ND 58503

Property Details for 4719 Shelburne St

Year built

2015

Lot size

1.16 AC

Property size (Sq ft)

9,792 SF

Zone code

RT

Property type

Office properties

Property subtype

Other office properties

APN

1598-002-010

APU

1598002010

Description

This exceptional 6,692 square foot Class A office suite, located at 4719 Shelburne St. Suite 6 in North Bismarck, presents a unique opportunity. Situated on a 50,511 square foot lot, this two-story building, constructed in 2015, offers abundant parking in a concrete lot. The suite itself boasts a comprehensive layout ideal for a variety of professional uses, including traditional office, executive office, coworking, medical office, or creative office settings. Features include a welcoming reception/lobby area, seven private offices, a large open coworking space with built-in cubicles, multiple spacious classrooms, a well-equipped breakroom/kitchen, ample storage, a dedicated work area, and an IT room. The suite also includes private male and female restrooms, supplementing the common restrooms and entrance available in the building. The zoning is RT, and the building is classified as Class A. The lease rate is $18.50 per square foot, plus $5.00 per square foot for common area maintenance. This turnkey space is ready for immediate occupancy and offers a highly functional and impressive environment for any discerning business. The total building size is 19,542 square feet, with 6,692 square feet currently available. The building does not have elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $1,531,477

  6.5%

  $1,413,671

  7%

  $1,312,695

• Comparable approach

  Method

  Valuation

  Relative Method

  $499,784

  Geo Method

  $499,784

• Alternative Use

  Use

  Valuation

  Residential

  $1,752,952

  Hospitality

  $1,605,695

  Educational

  $1,335,919

  Medical

  $1,381,864

  Retail

  $2,078,097

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8578

Longitude

-100.776

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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