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1003 E Interstate Ave 12,656 SF Vacant Office Building Bismarck, ND 58503 $1,668,696 CAD ($131.85 CAD/SF) 6.60% Cap Rate
Executive Summary
Multi-tenant commercial investment building located in North Bismarck next to I-94 on Interstate Avenue. Building is 100% occupied with seven commercial/professional mixed suites ranging from 400 SF- 3,187 SF. Rents are Modified Gross. This property has plenty of upside potential with great long-term ownership.
Highlights
Cash flow property
Great North location
Ample parking
Units separately metered
Store front signage + Pylon signage
Common area bathrooms
Professionally managed
Taxes (2024): $16,332.00
Specials- Installments: $1,042.17 / Balance: $976.00
***SHOWING DISCLOSURE: All showings must be prescheduled to qualified buyers. All property visits must be approved by listing broker. Absolutely no contact with tenants, management, or ownership without approval from listing brokers. DO NOT CONTACT MANAGER OR DISTURB OCCUPANTS. Please contact listing broker before any visit to the site. All showings of units will only occur upon qualified offer with reasonable buyer inspections and due diligence.
Highlights
Cash flow property
Great North location
Ample parking
Units separately metered
Store front signage + Pylon signage
Common area bathrooms
Professionally managed
Taxes (2024): $16,332.00
Specials- Installments: $1,042.17 / Balance: $976.00
***SHOWING DISCLOSURE: All showings must be prescheduled to qualified buyers. All property visits must be approved by listing broker. Absolutely no contact with tenants, management, or ownership without approval from listing brokers. DO NOT CONTACT MANAGER OR DISTURB OCCUPANTS. Please contact listing broker before any visit to the site. All showings of units will only occur upon qualified offer with reasonable buyer inspections and due diligence.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,656 SF
Building Class
B
Year Built
1974
Price
$1,668,696 CAD
Price Per SF
$131.85 CAD
Cap Rate
6.60%
NOI
$110,134 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,656 SF
Building FAR
0.32
Lot Size
0.91 AC
Zoning
CG
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0630-001-010 | Improvements Assessment | $569,146 CAD |
| Land Assessment | $261,436 CAD | Total Assessment | $830,582 CAD |
Property Taxes
Parcel Number
0630-001-010
Land Assessment
$261,436 CAD
Improvements Assessment
$569,146 CAD
Total Assessment
$830,582 CAD
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1003 E Interstate Ave
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