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Property profile & analytics
FOR SALE
Banks

400 East Broadway Ave Bismarck, ND 58501

99,216 SF 0.96 ac lot Built 1976
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US56-0530387
400 East Broadway Ave, Bismarck, ND 58501 For Sale
$3,000,000 99,216 SF
400 East Broadway Ave, Bismarck, ND 58501
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Property summary
AI-generated overview

The Grand Pacific Center, a seven-story downtown Bismarck landmark at the corner of N 4th St and Broadway Ave, offers exceptional full-service office suites. This modern building boasts an updated lobby, two elevators, and in-suite janitorial services. Tenants enjoy convenient amenities including restrooms on each floor, a shared break room, and a shared conference room located on the third floor. A gym with sauna and showers is also available for tenant use. Lease rates range from $12.00 to $16.00 per square foot, full-service (tenant pays internet and phone). Suite sizes vary from approximately 343 to 3,385 square feet. The landlord covers building expenses up to $7.00 per square foot (2023 expenses estimated at $6.40 PSF). Parking is available via street parking and nearby city ramps. This prime location offers a walk score of 87, providing easy access to numerous restaurants, shops, gyms, banks, and the courthouse. The building's updated exterior and convenient amenities create a sophisticated and efficient work environment.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1976
Total area 99,216 SF
Lot 0.96 ac (42,000 SF)
Zoning code DC
APN 0001-066-025
UPID US56-0530387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Aflac Insurance: Brokaw Lynn Insurance Agency
  • Cindy Kaelberer - Aflac Insurance Agent Insurance Agency
  • Aflac Insurance Agency
  • Dakota NW Bank Building Bank Loan Service
  • Wells Fargo Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$2.64M
Owner & transaction history
Netreit Bismarck LLC · 12 yrs held
Netreit Bismarck LLC
since 2014
3 recorded transactions
2023
Price N/A
2016
Price N/A
2014
Price N/A
Zoning & alternative use
DC · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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