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1237 W Divide Ave 64,286 SF 100% Leased Office Building Bismarck, ND 58501 $15,911,777 CAD ($247.52 CAD/SF) 7.10% Cap Rate
Investment Highlights
- Flexible commercial environment positioned at a prominent I 94 and West Divide Avenue corner offering strong visibility and steady traffic flow
- Updated features including ADA compliant access, fire sprinklers, and a low maintenance exterior that enhances operational ease
- Large site with abundant parking and strong corner presence contributing to long term desirability and user convenience
- Clear span red iron construction creating adaptable interior volume suited for a wide range of commercial uses
- Surrounded by notable community anchors including Bismarck State College, Highland Acres, and the Bismarck Community Bowl
Executive Summary
Built in 1980 and zoned CG, the property offers a versatile space for a variety of uses. With a clear span design, red iron construction, and numerous updates, this property boasts high visibility and existing lease agreements. Its prime location at the high-traffic corner of I-94 and Divide, with 13,500 VPD on W Divide Ave and 19,335 VPD on I-94/Schafer Street, ensures maximum exposure. ADA compliant, heated/insulated, and featuring a maintenance-free exterior, this landmark building is a prominent asset in the Bismarck area.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
64,286 SF
Building Class
B
Year Built
1980
Price
$15,911,777 CAD
Price Per SF
$247.52 CAD
Cap Rate
7.10%
NOI
$1,129,736 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
64,286 SF
Building FAR
0.30
Lot Size
4.91 AC
Zoning
General Commercial - General Commercial
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0821-001-050 | Improvements Assessment | $5,729,775 CAD |
| Land Assessment | $1,168,888 CAD | Total Assessment | $6,898,663 CAD |
Property Taxes
Parcel Number
0821-001-050
Land Assessment
$1,168,888 CAD
Improvements Assessment
$5,729,775 CAD
Total Assessment
$6,898,663 CAD
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1237 W Divide Ave
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