Historic Mixed-Use Building Near
117-119 Broadway N Fargo, ND
117-119 Broadway N, Fargo, ND, 00000
Contact for pricing
For Sale
Contact for pricing
Mixed-use building with retail and residential units near Broadway.
Property Size5,736 SF
Lot Size0.24 Acres
Price / SF$193.51
Days on Market749
Property Features for 117-119 Broadway N
General Information
- Standard status
- Active
- Size
- 5,736 SF
- Lot size
- 0.24 Acres
- Property subtype
- RETAIL
Listing Agency
Property Resources Group
(701) 238-7370
Listed by
Justin Gustofson
(701) 238-7370
Source
Moodyscre
Added: Jul 1, 2024 Checked: Jul 19 at 4:00 am
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.
The historic Bostad building is located less than a block from Broadway Square. The property benefits from steady foot traffic due to its location in downtown Fargo, which has 5,000 residents and 20,000 employees. The building includes residential condos above a windowed storefront. The property is currently 100% occupied. The property size is 5,736 square feet. Opportunity Zone tax benefits may apply.
Key Highlights
- High‑impact exposure from steady foot traffic.
- Located less than a block from Broadway Square.
- Investment property in downtown Fargo.
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 | $86.0k | $15.00 |
| − Vacancy | −$5.2k | −$0.90 |
| EGI | $80.9k | $14.10 |
| − OpEx | −$24.3k | −$4.23 |
| NOI | $56.6k | $9.87 |
5,736 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$808.8K
$707.7K – $943.6K
NOI $56,614 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$677.5K
$592.9K – $790.5K
NOI $47,428 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,100 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Mixed-use building with retail and residential units near Broadway.
Where is this storefront property located?
The property is located at 117-119 Broadway N Fargo, ND.
What is the asking price?
The asking price for this property is $1,110,000.
What are key features of this property?
This property features: High‑impact exposure from steady foot traffic.; Located less than a block from Broadway Square.; Investment property in downtown Fargo.
