Flex Space with Concrete
For Sale
Contact for pricing
126 6th St Wst, West Fargo, ND 58078
Industrial-oriented flex property with office accommodations, specialized shop systems, and convenient access to Interstate 94.
Property Size16,696 SF
Price / SF$92.84
Days on Market145
Property Features for 126 6th St Wst
General Information
Standard status
Active
Size
16,696 SF
Class
C
Property subtype
Industrial
Zoning
Heavy Commercial
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Three-Phase Power
Yes
Amenities
reception
kitchenette
conference room
Building Details
Year Built
1962
Year Renovated
2007
Buildings
3
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Horizon Real Estate Group
(701) 793-0653
Listed By:
Brian Tulibaski · License #ND: 9607
Source:
Crexi
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 29 at 4:59PM
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 Horizon Real Estate Group
Investment Insights
Based on property information with market context.
This 16,696 SF flex property combines a 14,000+ SF shop with 2,500+ SF of office area. The shop is equipped with an exhaust system, air cleaner, three-phase power, LED lighting, and 14-foot overhead doors. A large concrete yard with a 6-inch slab supports exterior operations and equipment movement.
The office portion provides four private offices, a reception area, kitchenette, and conference room. Built in 1962, the property carries Heavy Commercial zoning and offers access to Interstate 94 and Main Avenue. Its combination of industrial improvements, service-oriented workspace, and dedicated yard area supports a range of commercial operations.
The office portion provides four private offices, a reception area, kitchenette, and conference room. Built in 1962, the property carries Heavy Commercial zoning and offers access to Interstate 94 and Main Avenue. Its combination of industrial improvements, service-oriented workspace, and dedicated yard area supports a range of commercial operations.
Key Highlights
- 14,000+ SF shop with 2,500+ SF of office space
- 14‑foot overhead doors, exhaust system, air cleaner, and LED lighting
- Three‑phase power serving the shop area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,784
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,375,680
$2.4M
Cap Rate 7%
$1,696,914
$1.7M
Cap Rate 9%
$1,319,822
$1.3M
Market Conditions
NOI Build-Up for 16,696 SF
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.
Gross rent
$150.3K $9.00/SF
− Vacancy
−$10.5K −$0.63/SF
EGI
$139.7K $8.37/SF
− OpEx
−$21.0K −$1.26/SF
NOI
$118.8K $7.11/SF
Area
Cass County, ND
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,375,680
Cap Rate 7%
$1,696,914
Cap Rate 9%
$1,319,822
Alternative Uses
Best Use
Flex RnD
$2.05M
$1.80M – $2.40M
NOI $143,773 @ 7.0% cap · market cap 9.28%
Second Best
Warehouse
$1.70M
$1.48M – $1.98M
NOI $118,784 @ 7.0% cap · market cap 7.66%
Theoretical Best
Specialty Retail
$3.08M
$2.70M – $3.60M
NOI $215,929 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58078, ND
39,161
Population
16,416
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
97%
High-School Grad
39.8 sq mi
ZIP Area
984
Density / Sq Mi
$97,206
Median Household Income
$51,208
Median Earnings
$1,073
Median Rent
$303,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-oriented flex property with office accommodations, specialized shop systems, and convenient access to Interstate 94.
Where is this flex space located?
The property is located at 126 6th St Wst West Fargo, ND.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 14,000+ SF shop with 2,500+ SF of office space; 14‑foot overhead doors, exhaust system, air cleaner, and LED lighting; Three‑phase power serving the shop area
