4700 Ottawa StBismarck, ND 58503

Property Details for 4700 Ottawa St

Year built

2020

Lot size

1.57 AC

Property size (Sq ft)

12,630 SF

Zone code

CG

Property type

Retail properties

Property subtype

Strip malls

APN

1598-001-002

APU

1598001002

Description

This exceptional 1,375 square foot office space is located at 4700 Ottawa St, Unit F, in Bismarck, North Dakota, zip code 58503. Situated in the rapidly expanding North Bismarck retail district, this single-tenant unit is part of a larger 12,635 square foot building constructed in 2021. The property boasts a convenient one-story design, offering easy accessibility. The space is ideally suited for a variety of uses, including medical offices, creative offices, coworking spaces, or executive offices, reflecting its versatile zoning classification (CG). Ample parking is provided with 64 spaces available in a large concrete lot, featuring convenient front door parking. The lease rate is $22.00 per square foot, plus $4.00 per square foot in NNN charges. This is the last available unit in the building, presenting a unique opportunity for businesses seeking a modern, well-located office space in a thriving area of Bismarck. The property's prime location and abundant parking make it an attractive option for employees and clients alike. Don't miss this chance to secure your business's future in this dynamic North Dakota market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,903,754

  6.5%

  $2,680,388

  7%

  $2,488,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,624,481

  Geo Method

  $1,624,481

• Alternative Use

  Use

  Valuation

  Residential

  $2,261,008

  Hospitality

  $2,071,071

  Educational

  $1,723,107

  Medical

  $1,782,367

  Retail

  $2,680,388

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8568

Longitude

-100.775

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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