4205 State StBismarck, ND 58503

Property Details for 4205 State St

Year built

1973

Lot size

1.60 AC

Property size (Sq ft)

16,976 SF

Zone code

CG

Property type

Office properties

APN

1625-001-050

APU

1625001050

Description

This 1,400-square-foot office suite in Bismarck, North Dakota, is located at 4205 State Street, lower level, in Burleigh County (zip code 58503). The single-tenant space is ideal for businesses seeking a traditional office, executive office, or coworking setup. The suite features five private offices, a reception area, and a convenient storage room. A walkout entrance and front door parking on the south side of the building provide excellent accessibility. High visibility from State Street ensures strong brand recognition. The property boasts abundant parking in a private lot. The lease is a full-service agreement, with tenants responsible only for janitorial services, internet costs, and a pro-rata share of snow removal. The monthly lease rate is $1,925, or $16.50 per square foot. This exceptional location offers an unparalleled opportunity for businesses seeking a prominent presence in Bismarck.

• CAP approach

  CAP return

  Valuation

  6%

  $2,655,061

  6.5%

  $2,450,826

  7%

  $2,275,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $866,455

  Geo Method

  $866,455

• Alternative Use

  Use

  Valuation

  Residential

  $3,039,024

  Hospitality

  $2,783,729

  Educational

  $2,316,030

  Medical

  $2,395,682

  Retail

  $3,602,714

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8516

Longitude

-100.771

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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