4023 State StBismarck, ND 58503

Property Details for 4023 State St

Year built

1971

Lot size

1.24 AC

Property size (Sq ft)

12,092 SF

Zone code

CG

Property type

Office properties

APN

1625-001-200

APU

1625001200

Description

This exceptional 1,893-square-foot office suite, located in North Bismarck at 4023 State St, Suite 45 & 55, offers versatile space ideal for traditional, executive, coworking, medical, or creative office uses. The suite is situated on the lower level and features a large open workspace, perfect for customization. Landlord will complete tenant improvements. The lease rate is $10.00 per square foot, totaling $1,577.50 per month for the 1,306 square feet of usable space. Common area janitorial services, utilities, and snow removal are included. The property boasts excellent visibility with signage opportunities and benefits from an average daily traffic count of 25,800 vehicles. Common restrooms are available. This prime location is just east of State Street in Bismarck, North Dakota, zip code 58503, and is enhanced by upcoming exterior improvements. The property is a single-tenant space within Burleigh County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,891,199

  6.5%

  $1,745,722

  7%

  $1,621,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $617,176

  Geo Method

  $617,176

• Alternative Use

  Use

  Valuation

  Residential

  $2,164,696

  Hospitality

  $1,982,850

  Educational

  $1,649,708

  Medical

  $1,706,444

  Retail

  $2,566,212

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8501

Longitude

-100.771

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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