Property profile

1830 E Century Ave Bismarck, ND 58503

FOR LEASE
Strip malls
Property ID
US56-0236045
14,400 SF 1.42 ac lot Built 1992
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Bismarck commercial property, located at 1830 E Century Ave, Unit 2, offers 1,157 square feet of versatile space ideal for a variety of businesses. The single-story building features two private offices, a reception area, a break room, and a private restroom, providing a comfortable and functional workspace. Its prime location ensures high visibility and accessibility, complemented by ample parking for tenants and visitors. The property is available for lease from September 1st, with a lease rate of $22 per square foot, plus gas and electricity. A 3% escalator clause is included in the 5-year lease term. Landlord responsibilities encompass snow removal, lawn care, taxes, building insurance, water, and building maintenance. This property presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space. The unit can also be leased in conjunction with Unit 1 for a combined total of 3,000 square feet, offering even greater flexibility for expanding businesses. This is a single-tenant space classified as Traditional Office, Medical Office, Commercial, and Retail. The property's zip code is 58503.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1992
Total area 14,400 SF
Lot 1.42 ac (61,899 SF)
Zoning code CG
APN 1225-003-240
UPID US56-0236045

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Employment Agency
  • Financial Advisor
  • Physician
  • Physician

Location

1830 E Century Ave Bismarck, ND 58503
Bismarck metro Census 11001 BISMARCK, ND METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$595k

Owner & transaction history

Zoning & alternative use

CG · Bismarck, ND
Zoning description

14-04-12. CG Commercial District . In any CG commercial district , the following regulations shall apply: 1. General description. The CG commercial district is a heavy commercial area located outside the central business…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $2.3M +14.0%
Industrial (general) $2.1M +5.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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