2000 Schafer StBismarck, ND 58501

Property Details for 2000 Schafer St

Year built

1984

Lot size

4.27 AC

Property size (Sq ft)

43,708 SF

Zone code

RT

Property type

Office properties

APN

1091-001-100

APU

1091001100

Description

This exceptional Bismarck, North Dakota office complex, located at 2000 Schafer Street, presents a unique investment opportunity. The property boasts a total of 43,708 square feet of versatile office space, spread across two buildings and three stories. Built in 1984, this property is zoned CG and sits on a substantial 168,438 square foot lot, offering ample parking and potential for future expansion. The buildings are equipped with elevators for convenient access to all floors. The flexible space caters to a variety of office needs, suitable for medical, creative, traditional, and professional uses. Its convenient location just off Divide Avenue in Northwest Bismarck provides excellent accessibility and visibility. The multiple tenancy structure offers a diversified income stream and potential for long-term growth. This property represents a compelling opportunity for investors seeking a well-established and adaptable office complex in a thriving North Dakota market. The zip code is 58501. The property's versatility and prime location make it an ideal investment for those seeking a strong return on investment in the Bismarck area. This is a rare opportunity to acquire a substantial office complex in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,835,969

  6.5%

  $6,310,125

  7%

  $5,859,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,230,856

  Geo Method

  $2,230,856

• Alternative Use

  Use

  Valuation

  Residential

  $7,824,555

  Hospitality

  $7,167,250

  Educational

  $5,963,068

  Medical

  $6,168,147

  Retail

  $9,275,884

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8258

Longitude

-100.817

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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