250 31St StBismarck, ND 58501

Property Details for 250 31St St

Year built

2004

Lot size

1.30 AC

Property size (Sq ft)

21,588 SF

Zone code

MA

Property type

Office properties

APN

0655-004-075

APU

655004075

Description

This exceptional Bismarck, North Dakota office building, located at 250 N 31st St, zip code 58501, offers a diverse range of office spaces perfect for various business needs. Built in 2004, the single building encompasses 21,588 square feet situated on a generous 56,646 square foot lot. The property is zoned MA and features a variety of suite sizes, ranging from 2,520 to 7,133 square feet, providing flexibility for businesses of all sizes. Lease rates are highly competitive, ranging from $11 to $12 per square foot. Tenancy is multiple, allowing for a diverse tenant mix. The building offers the convenience of a full-service lease and ample parking, ensuring a secure and comfortable environment for tenants. Its strategic location east of 26th Street, just off Broadway Avenue, provides excellent accessibility and visibility. This property is ideal for businesses seeking a versatile and accommodating space to elevate their operations in a thriving Bismarck location. The property's traditional office layout is complemented by the availability of executive office suites and coworking options, catering to a wide spectrum of business models and preferences.

• CAP approach

  CAP return

  Valuation

  6%

  $3,376,382

  6.5%

  $3,116,660

  7%

  $2,894,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,101,852

  Geo Method

  $1,101,852

• Alternative Use

  Use

  Valuation

  Residential

  $3,864,658

  Hospitality

  $3,540,006

  Educational

  $2,945,244

  Medical

  $3,046,535

  Retail

  $4,581,490

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8066

Longitude

-100.746

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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