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Property profile & analytics
OFF-MARKET Estimated value $895,000
Flex space

601 Channel Dr Bismarck, ND 58501-7757

8,800 SF 1.06 ac lot Built 2006
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US56-0198144
Property summary
AI-generated overview

This exceptional Bismarck, North Dakota commercial property at 601 Channel Drive offers 13,600 square feet of versatile space, ideal for a variety of businesses. Built in 2006, the property features a two-story building situated on a 45,949 square foot lot. The layout includes 6,800 square feet of office space, complemented by a 1,600 square foot mezzanine, providing ample room for administration and operations. A substantial 5,200 square foot heated shop area boasts impressive 24-foot ceilings, two 14-foot overhead drive-thru doors, durable steel-lined wall panels, energy-efficient LED lighting, radiant heat for consistent comfort, and comprehensive fire sprinklers for safety. Additional features include a convenient private parking lot, a secure fenced area, a practical mechanic bay, private restrooms for employee convenience, efficient compressed air lines, and trench floor drains for easy maintenance. The property is zoned MA - Light Industrial, located in Burleigh County, and offers a single tenancy. This combination of office and industrial space, coupled with its modern amenities and strategic location, presents a unique opportunity for businesses seeking a functional and well-equipped workspace. The property's size and features make it suitable for a wide range of commercial uses.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2006
Total area 8,800 SF
Lot 1.06 ac (45,956 SF)
Zoning code MA
APN 0776-000-140
UPID US56-0198144
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
  • Highway Patrol Police Department
  • Parole & Probation State Government Office
  • Parole and Probation Government Office
  • Express Shuttle Accounting Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$580k
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$895k
Owner & transaction history
New Vision Properties LLC · 13 yrs held
New Vision Properties LLC
since 2013
2 recorded transactions
2013
Price N/A
2006
Price N/A
Zoning & alternative use
MA · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 3,534.34 ac
Source TABLE OF CONTENTS
Top alternative use upside
Commercial (general) $1.3M +30.3%
Retail stores $1.3M +28.5%
Neighborhood: shopping center $1.2M +20.5%
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