3204 Airway Ave Bismarck, ND 58504
- Flex space
- 3.33 lot acres
Current Use by Public Records
- Flex space
Property Details for 3204 Airway Ave
- Year built
- 2022
- Lot size
- 3.33 lot acres
- Zone code
- MA
- Property type
- Flex space
- APN
- 1463-003-300
- APU
- 1463003300
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $530,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $500,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $465,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $380,000
- Mixed-Use
- $380,000
- Hospitality
- $460,000
- Educational
- $460,000
- Residential Income
- $405,000
- Energy
- $440,000
- Income-Based Land
- $465,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.759
- Latitude
- 46.7733
- CBSA code
- 13900
- CBSA name
- BISMARCK, ND METROPOLITAN STATISTICAL AREA
