Historic Office Building with
For Sale
Contact for pricing
Pending
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
Days on Market854
Property Features for 64 4th St N
General Information
Standard status
Pending
Size
20,210 SF
Total Parking Spaces
32
Property subtype
OFFICE
Site & Location
Neighborhood
Downtown Neighborhood
Additional Details
Opportunity Zone
Yes
Building Details
Stories
3
Listing Agency:
Property Resources Group
(701) 499-3875
Listed By:
Justin Gustofson
(701) 238-7370
Source:
Moodyscre
Added: Jul 1, 2024
Changed: Oct 25
Last Checked: Nov 1 at 8:30AM
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
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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.
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
Estimated NOI and Cap Rate
NOI / Yr
$236,821
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,736,420
$4.7M
Cap Rate 7%
$3,383,157
$3.4M
Cap Rate 9%
$2,631,344
$2.6M
Market Conditions
NOI Build-Up for 20,210 SF
Gross rent
$375.9K $18.60/SF
− Vacancy
−$60.1K −$2.98/SF
EGI
$315.8K $15.62/SF
− OpEx
−$78.9K −$3.91/SF
NOI
$236.8K $11.72/SF
Area
Fargo, ND
Vacancy
16.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,736,420
Cap Rate 7%
$3,383,157
Cap Rate 9%
$2,631,344
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open 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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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
