3204 Airway Ave Bismarck, ND 58504-7802
This exceptional retail condo unit, located in south Bismarck near Sam's Club and Walmart, offers 1,980 to 2,040 square feet of customizable space. The unit boasts 16-foot sidewalls, a 14x14 overhead door with remote and WiFi capabilities, energy-efficient radiant heat, hot and cold water, a trench floor drain, and robust 220A-220v 3-phase electrical power. Convenient front and rear service doors facilitate efficient business operations. Ample parking is provided with 137 spaces in the development. The interior includes a front office with a PTAC heating and A/C unit, a bathroom equipped with a toilet, sink, and a 50-gallon water heater. Lighted exterior space is available for prominent signage. The property is part of an association that manages snow removal, water, sewer, exterior maintenance, and exterior insurance. Estimated annual association fees are $0.50 per square foot. Lease terms are available at $9.00 per square foot NNN, with the tenant responsible for association fees, annual taxes, annual special installments, and utilities. Taxes and special assessments require verification. Units can be combined, with sizes ranging from 1,980 to 2,040 square feet. Construction was completed starting Winter 2022. Note that photos depict both completed and in-progress units. This is a truly remarkable opportunity for a business seeking a high-traffic, well-maintained location.
z. Data Center. A data center may be permitted in any MA district as a special use or any MB district as an administrative special use provided: 1. All data processing and storage is contained within a building constructed in compliance with the International Building Code and International Fire Code. 2. Written verification is submitted from the utility pro…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MA · Bismarck, NDz. Data Center. A data center may be permitted in any MA district as a special use or any MB district as an administrative special use provided: 1. All data processing and storage is contained within a building constructed in compliance with the International Building Code and International Fire Code. 2. Written verification is submitted from the utility provider that sufficient capacity will be available to meet anticipated needs for electrical power. 3. Facilities are equipped with environmental controls to maintain the proper conditions for the operation of electronic equipment. 4. The applicant verifies at the time of application that all requirements of Chapter 8-10 (Noises) of the Bismarck Code of Ordinances will be met during operations, as measured from the property line of the subject parcel. Verification may be in the form of a noise study, manufacturer specifications, data from comparable facilities, or any combination thereof. aa. Agriculture Recreation, Major. Agriculture Recreation, Major may be permitted in any A - Agricultural district as a special use provided: 1. The use is ancillary to the primary agricultural use. 2. The lot in which the use is located is at least thirty -five (35) acres in area. 3. The lot in which the use is located is outside the Urban Service
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
