Historic Office Building with
For Sale
Contact for pricing
64 4th St N, Fargo, ND 58102
Historic building with natural light, original brick, and fit-up office space on the 2nd and 3rd floors.
Property Size20,210 SF
Price / SF$168.23
Days on Market763
Property Features for 64 4th St N
General Information
Standard status
Active
Size
20,210 SF
Total Parking Spaces
32
Property subtype
OFFICE
Additional Details
Opportunity Zone
Yes
Building Details
Stories
3
Listing Agency:
Property Resources Group
(701) 238-7370
Listed By:
Justin Gustofson
(701) 238-7370
Source:
Moodyscre
Added: Jul 1, 2024
Changed: Jul 25
Last Checked: Aug 1 at 5:54AM
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 Loudon Building is a historic downtown Fargo office property featuring natural light with exposed wood and original brick. The first floor is currently occupied by Botanical Brothers, and the 2nd and 3rd floors are fit up as office space.
The offering also includes a parking lot to the west with 32 parking spots.
Opportunity Zone tax benefits may apply, depending on eligibility.
The offering also includes a parking lot to the west with 32 parking spots.
Opportunity Zone tax benefits may apply, depending on eligibility.
Key Highlights
- Historic Loudon Building available for sale or lease in downtown Fargo
- Natural light, exposed wood, and original brick throughout the building
- Botanical Brothers occupies the first floor
Financial Insights For Office B
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 | $375.9k | $18.60 |
| − Vacancy | −$60.1k | −$2.98 |
| EGI | $315.8k | $15.62 |
| − OpEx | −$78.9k | −$3.91 |
| NOI | $236.8k | $11.72 |
20,210 SF · lease $18.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.38M
$2.96M – $3.95M
NOI $236,821 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.38M
$3.84M – $5.11M
NOI $306,885 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,241
Businesses Nearby
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 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?
Office building - Historic building with natural light, original brick, and fit-up office space on the 2nd and 3rd floors.
Where is this office building located?
The property is located at 64 4th St N Fargo, ND.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Historic Loudon Building available for sale or lease in downtown Fargo; Natural light, exposed wood, and original brick throughout the building; Botanical Brothers occupies the first floor
