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Property profile & analytics
OFF-MARKET Estimated value $915,000
Flex space

707 Airport Rd Bismarck, ND 58504-6110

14.7 ac lot Built 1956
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US56-0139723
Property summary
AI-generated overview

This exceptional industrial property, located at 707 Airport Rd, Bismarck, ND 58504, presents a significant investment opportunity. The 198,360 to 211,003 square foot facility sits on a 14.7-acre lot and boasts a rich history as a former distribution center for prominent national companies. The building, constructed between 1956 and 1986, is classified as Class C and zoned MA-Industrial. The warehouse features a substantial amount of ambient storage space (approximately 129,000 square feet) and significant refrigerated/freezer space (approximately 55,000 square feet), with estimated pallet racking capacity of 9,902 pallets in the ambient area and 5,239 pallets in the refrigerated section. The property includes 25 dock-high doors, each equipped with hydraulic levelers and trailer safety locks. Building amenities include a key fob access system, reception area, work area, conference room, three offices, a second-floor IT room, breakroom, and additional office space. Ceiling heights range from 16.5 to 30 feet. The warehouse benefits from a recent LED lighting upgrade and a robust 450 kW, three-phase power supply. A large fenced yard provides ample outdoor space. The property enjoys convenient access to major transportation arteries and trucking routes. The 2023 property taxes totaled $161,444.69. The APN is 0320-004-001. This property is ideal for a variety of distribution and storage needs.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1956
Lot 14.7 ac (640,376 SF)
Zoning code MA
APN 0320-004-001
UPID US56-0139723
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
  • SUPERVALU Distribution Center Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$915k
Owner & transaction history
Next Play LLC
Next Play LLC
since 2025
1 recorded transaction
2025
$9.1M
Zoning & alternative use
MA · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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