Office and Shop Flex
112 21st Street S, Fargo, ND 58103
For Sale
Contact for pricing
Commercial zoning accommodates the building’s office and shop components.
Property Size3,390 SF
Price / SF$82.30
Days on Market47
Property Features for 112 21st Street S
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Building Size
Listing Agency:
Goldmark Commercial Real Estate Inc
Listed By:
Brett Saladin, CCIM · License ND #10761
(701) 566-1052
Source:
Crexi
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 8 at 4:55PM
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 Goldmark Commercial Real Estate Inc
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Investment Insights
Based on property information with market context.
This 3,390-square-foot flex property combines office space with a compact shop area. Commercial zoning applies to the site, and the building is offered for sale in Fargo, North Dakota.
Key Highlights
- 3,390 square feet of flex space
- Office area paired with a small shop
- Zoned Commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,115
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,300
$462.3K
Cap Rate 7%
$330,214
$330.2K
Cap Rate 9%
$256,833
$256.8K
Market Conditions
NOI Build-Up for 3,390 SF
Gross rent
$34.6K $10.20/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$33.0K $9.74/SF
− OpEx
−$9.9K −$2.92/SF
NOI
$23.1K $6.82/SF
Area
Fargo, ND
Vacancy
4.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,300
Cap Rate 7%
$330,214
Cap Rate 9%
$256,833
Alternative Uses
Best Use
Flex RnD
$390.6K
$341.8K – $455.7K
NOI $27,341 @ 7.0% cap · market cap 9.80%
Second Best
Industrial
$330.2K
$288.9K – $385.3K
NOI $23,115 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$735.4K
$643.5K – $857.9K
NOI $51,476 @ 7.0% cap · market cap 18.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58103, ND
46,754
Population
25,241
Households
1.9
Avg Household Size
36
Median Age
37%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
4,066
Density / Sq Mi
$57,699
Median Household Income
$38,241
Median Earnings
$831
Median Rent
$239,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Fargo
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Milk Made Catering — 612 23rd St S, Fargo, ND 58102
- Ade's Cuisine — 1407 1st Ave N, Fargo, ND 58102
- Sugar Hill Catering — 1407 1st Ave N, Fargo, ND 58102
- Oven Door Catering Services — 1338 3rd Ave N, Fargo, ND 58102
- One On One Pro Catering — 1421 7th Ave N, Fargo, ND 58102
Frequently Asked Questions
What type of property is this?
Flex space - Commercial zoning accommodates the building’s office and shop components.
Where is this flex space located?
The property is located at 112 21st Street S Fargo, ND.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 3,390 square feet of flex space; Office area paired with a small shop; Zoned Commercial
