Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    112 N University Dr Fargo, ND 58102

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease in Fargo, North Dakota.

    Property size:
    1,647 SF
    Lot size:
    0.96 Acres

    Property Features for 112 N University Dr

    General Information

    Size
    1,647 SF
    Lot size
    0.96 Acres

    We can help!

    Listing Contact
    Risa Holman
    Risa Holman
    Source: Moodyscre

    Listing Agency: Archer Real Estate Services Listing Agent: Risa Holman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fargo Office Space For Rent

    This office space, located at 112 N University Dr in Fargo, ND, offers 1653 square feet. The layout includes a large, open work area. The property is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anvil Design & Manufacturing Industrial Manufacturer Signum (Bike/Boat/Book/etc) Store Positive Psychological Initiatives ... Crisis Center GoEngineer - Fargo (Bike/Boat/Book/etc) Store Josh Arnold & Associates Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.7986754
    Latitude
    46.8781497

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Brandt Office Park

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      3523 45Th St, Fargo, ND 58104
      View Details
    • Contact for pricing

      Fargo 32nd Avenue

      Workspaces, services and support to help you work better in Shelton
      1531 32Nd Ave, Fargo, ND 58103
      View Details
    • $9 SF/Yr
      1,588 SF

      Fargo Office Space For Rent

      Office space available for lease in Fargo, North Dakota.
      417 Main Ave, Fargo, ND 58103
      View Details
    • $10 SF/Yr
      15,000 SF

      Turn-Key Office Space Available

      Move-in ready office space with flexible size options.
      2201 12Th St North, Fargo, ND 58102
      View Details
    • Contact for pricing
      11,400 SF

      Fargo Warehouse with Outdoor Storage

      11,500 SF warehouse on 3-acre site with fenced yard.
      3202 7Th Ave North, Fargo, ND 58102
      View Details
    • Contact for pricing
      72,600 SF

      Fargo Warehouse Space Available

      72,600 sq ft warehouse space for lease in Fargo.
      2466 42Nd St North, Fargo, ND 58102
      View Details
    • $9 SF/Yr
      500 SF

      High-Traffic Office Space Available

      Office space for rent in West 45th Business Center.
      200-400 45Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,599 SF

      Fargo Office Space For Rent

      Second floor office space available for rent in Fargo.
      1650-1680 45Th St S, Fargo, ND 58103
      View Details
    • $12 SF/Yr
      11,088 SF

      Updated Office Space For Rent

      Turn-key office space with ample parking and high visibility.
      3202 13Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,204 SF

      Office Space For Lease

      Office space available for lease in growing Fargo area.
      4749 Amber Valley Pkwy S, Fargo, ND 58104
      View Details
    • $16 SF/Yr
      578 SF

      Downtown Adjacent Office For Lease

      Office space for lease with free parking downtown.
      808 3Rd Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,250 SF

      Restaurant Space Near Schools

      2,250 SF restaurant space for lease near schools.
      2640 52Nd Ave S, Fargo, ND 58104
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for lease in Fargo, North Dakota.
    Where is this office units located?
    The property is located at 112 N University Dr Fargo, ND.
    What are key features of this property?
    This property features: - Large open work area
    (701) 866-6157 Call to check price and availability
    Request Owner's contact information
    112 N University Dr Fargo, ND 58102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    112 N University Dr
    Fargo, ND 58102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    112 N University Dr Fargo, ND 58102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Risa Holman
    Risa Holman
    (701) 866-6157 (701) 356-5099
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!