Multi-Tenant Metal
For Sale
$1,950,000
1310 55th Street, Fargo, ND 58102
Brand-new metal warehouse includes 14' overhead doors, a 9'8" dock door, and paved building lot.
Property Size18,712 SF
Price / SF$104.21
Days on Market476
Property Features for 1310 55th Street
General Information
Standard status
Active
Size
18,712 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
22 ft
Dock-High Doors
1
Taxes and HOA fees
Annual Taxes
$24,483
Amenities
Central Air
3
Parking.
Lot.
Building Details
Year Built
2019
Stories
2
Construction
metal
Listing Agency:
CORE Property Group
(701) 371-8234
Listed By:
Jeremy Horst · License #40199898
(701) 371-8234
Source:
Xome
Added: Apr 23, 2025
Changed: Aug 8
Last Checked: Aug 11 at 5:10AM
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 CORE Property Group
Investment Insights
Based on property information with market context.
Brand-new metal warehouse designed to accommodate multi-tenant use. The facility offers 21'-22' ceiling height, six (6) 14' overhead doors, and one (1) 9' 8" dock door. The building lot is paved, supporting day-to-day loading and access.
The property is located off 12th Avenue North in Fargo with easy Interstate 29 access, positioned in an area described as one of the newer industrial parks, Commerce on 12th. A portion of the building is currently leased to Mattress Firm.
This configuration supports flexible occupancy within a single warehouse structure, with loading capacity provided by multiple overhead doors plus a dock door for operations requiring dock-level access.
The property is located off 12th Avenue North in Fargo with easy Interstate 29 access, positioned in an area described as one of the newer industrial parks, Commerce on 12th. A portion of the building is currently leased to Mattress Firm.
This configuration supports flexible occupancy within a single warehouse structure, with loading capacity provided by multiple overhead doors plus a dock door for operations requiring dock-level access.
Key Highlights
- 2019‑built metal warehouse with central air cooling and heating system listed as "3"
- 21'-22' ceiling height with six 14' overhead doors plus one 9'8" dock door
- Paved building lot and exterior parking/parking lot on‑site
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
$164,905
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
8.46%
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%
$3,298,100
$3.3M
Cap Rate 7%
$2,355,786
$2.4M
Cap Rate 9%
$1,832,278
$1.8M
Market Conditions
NOI Build-Up for 18,712 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
$202.1K $10.80/SF
− Vacancy
−$8.1K −$0.43/SF
EGI
$194.0K $10.37/SF
− OpEx
−$29.1K −$1.56/SF
NOI
$164.9K $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 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%
$3,298,100
Cap Rate 7%
$2,355,786
Cap Rate 9%
$1,832,278
Alternative Uses
Best Use
Warehouse
$2.36M
$2.06M – $2.75M
NOI $164,905 @ 7.0% cap · market cap 8.46%
Second Best
Flex RnD
$2.16M
$1.89M – $2.52M
NOI $150,916 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$4.06M
$3.55M – $4.74M
NOI $284,138 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Union Storage Cold Storage — 1500 47th St N, Fargo, ND 58102
Frequently Asked Questions
What type of property is this?
Warehouse - Brand-new metal warehouse includes 14' overhead doors, a 9'8" dock door, and paved building lot.
Where is this warehouse located?
The property is located at 1310 55th Street Fargo, ND.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 2019‑built metal warehouse with central air cooling and heating system listed as "3"; 21'-22' ceiling height with six 14' overhead doors plus one 9'8" dock door; Paved building lot and exterior parking/parking lot on‑site
