Heated Flex Shop
For Sale
$227,500
12-5590 13th Ave N, Fargo, ND 58103
The secure unit accommodates equipment, vehicles, contractor operations, or personal shop use.
Property Size1,680 SF
Price / SF$135.42
Days on Market13
Property Features for 12-5590 13th Ave N
General Information
Standard status
Active
Size
1,680 SF
Site & Location
Neighborhood
Clara Barton Neighborhood
Additional Details
Asking Price
$235,000
Property Use
Shop
Amenities
24/7 security camera monitoring
Listing Agency:
Raboin Realty
Listed By:
Dan Coombe
(701) 929-1188
Source:
Exprealty
Added: Oct 14
Changed: Oct 25
Last Checked: Oct 25 at 2:33AM
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 Raboin Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,680-square-foot shop condo offers heated space within a flex property. The unit is available in November and can be leased or purchased. Its stated applications include contractor and service business operations, as well as equipment, vehicle, and personal shop use.
Large overhead doors support access for trucks and trailers, and the property has 24/7 security camera monitoring. The property is in North Fargo.
Large overhead doors support access for trucks and trailers, and the property has 24/7 security camera monitoring. The property is in North Fargo.
Key Highlights
- 1,680 SF unit available in November
- Heated shop space with large overhead doors
- 24/7 security camera monitoring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,806
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,120
$296.1K
Cap Rate 7%
$211,514
$211.5K
Cap Rate 9%
$164,511
$164.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$18.1K $10.80/SF
− Vacancy
−$726 −$0.43/SF
EGI
$17.4K $10.37/SF
− OpEx
−$2.6K −$1.56/SF
NOI
$14.8K $8.81/SF
Area
Fargo, ND
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,120
Cap Rate 7%
$211,514
Cap Rate 9%
$164,511
Alternative Uses
Best Use
Warehouse
$211.5K
$185.1K – $246.8K
NOI $14,806 @ 7.0% cap · market cap 6.51%
Second Best
Flex RnD
$193.6K
$169.4K – $225.8K
NOI $13,550 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$364.4K
$318.9K – $425.2K
NOI $25,510 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The secure unit accommodates equipment, vehicles, contractor operations, or personal shop use.
Where is this flex space located?
The property is located at 12-5590 13th Ave N Fargo, ND.
What is the asking price?
The asking price for this property is $227,500.
What are key features of this property?
This property features: 1,680 SF unit available in November; Heated shop space with large overhead doors; 24/7 security camera monitoring
