3800 98TH Avenue S Unit C Fargo, ND 58104
High-end garage condominiums customizable for hobbies and passions.
Property Features for 3800 98TH Avenue S Unit C
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2022
Listing office Property Resources Group (701) 356-8888
Listing date Sep 5, 2020
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Property Resources Group
Investment Insights
Based on property information with market context.
Key Highlights
- High‑end garage condominiums customizable for hobbies and passions.
- Suitable for showcasing cars, RVs, boats, motorcycles, or hobby workspaces.
- Amenities create a comfortable 'home away from home' atmosphere.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $15.00 |
| − Vacancy | −$4.3k | −$0.90 |
| EGI | $67.7k | $14.10 |
| − OpEx | −$20.3k | −$4.23 |
| NOI | $47.4k | $9.87 |
