Former Restaurant Building For
For Sale
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1212 36th St S, Fargo, ND 58103
Former quick service restaurant building for sale or lease.
Property Size4,284 SF
Price / SF$221.76
Days on Market219
Property Features for 1212 36th St S
General Information
Standard status
Active
Size
4,284 SF
Total Parking Spaces
51
Property subtype
Retail
Zoning
Commercial
Lease Type
NNN
Site & Location
Neighborhood
Westgate Neighborhood
Building Details
Year Built
2014
Listing Agency:
Goldmark Commercial Real Estate Inc
Listed By:
Paul Campbell · License #ND 10554
(701) 893-2826
Source:
Crexi
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 30 at 12:52PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a former restaurant building available for sale or lease, situated at the crossroads of I-29 and 13th Avenue S. The stand-alone quick service restaurant building features a visible pylon sign, a large parking lot, and a drive-thru. Traffic counts near the property include over 66,000 on I-29 and 27,000 on 13th Avenue. The building has a total area of 4284 square feet. Inside, the turn-key restaurant space includes seating areas, booth fixtures, a large order counter, a kids play area, two restrooms, a kitchen area with equipment available, sinks, and an office area. This property is suitable for a new business or investment.
Key Highlights
- High‑traffic location at the intersection of I‑29 and 13th Avenue S.
- Turn‑key quick service restaurant space with existing seating areas, order counter, and kitchen area with equipment available.
- Stand‑alone building with drive‑thru.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,188
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,760
$983.8K
Cap Rate 7%
$702,686
$702.7K
Cap Rate 9%
$546,533
$546.5K
Market Conditions
NOI Build-Up for 4,284 SF
Gross rent
$69.4K $16.20/SF
− Vacancy
−$3.8K −$0.89/SF
EGI
$65.6K $15.31/SF
− OpEx
−$16.4K −$3.83/SF
NOI
$49.2K $11.48/SF
Area
Fargo, ND
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,760
Cap Rate 7%
$702,686
Cap Rate 9%
$546,533
Alternative Uses
Best Use
Specialty Retail
$702.7K
$614.9K – $819.8K
NOI $49,188 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$929.3K
$813.2K – $1.08M
NOI $65,052 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former quick service restaurant building for sale or lease.
Where is this drive through restaurant located?
The property is located at 1212 36th St S Fargo, ND.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of I‑29 and 13th Avenue S.; Turn‑key quick service restaurant space with existing seating areas, order counter, and kitchen area with equipment available.; Stand‑alone building with drive‑thru.
