Leased Retail Condo
For Sale
Contact for pricing
300 Broadway N, Fargo, ND 58102
Purchase three fully leased retail condo units totaling 5,513 square feet in downtown Fargo.
Property Size2,738 SF
Price / SF$250
Days on Market773
Property Features for 300 Broadway N
General Information
Standard status
Active
Size
2,738 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Listing Agency:
Property Resources Group
(701) 238-7370
Listed By:
Justin Gustofson
(701) 238-7370
Source:
Moodyscre
Added: Jun 20, 2024
Changed: Jul 28
Last Checked: Aug 1 at 6:04AM
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.
300 Broadway in downtown Fargo offers the opportunity to purchase three separately leased retail condo units. The property is presented as fully leased at the time of sale, providing retail space in a single address with multiple unit sizes.
Unit 101 is 2,738 SF, Unit 102 is 1,067 SF, and Unit 103/104 is 1,708 SF.
The offering notes that Opportunity Zone tax benefits may apply.
Unit 101 is 2,738 SF, Unit 102 is 1,067 SF, and Unit 103/104 is 1,708 SF.
The offering notes that Opportunity Zone tax benefits may apply.
Key Highlights
- Three fully leased retail condo units in downtown Fargo: Unit 101 (2,738 SF), Unit 102 (1,067 SF), and Unit 103/104 (1,708 SF)
- Total retail condo size: 5,513 SF across three units
- Opportunity Zone tax benefits may apply
Financial Insights For Retail
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 | $41.1k | $15.00 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $38.6k | $14.10 |
| − OpEx | −$11.6k | −$4.23 |
| NOI | $27.0k | $9.87 |
2,738 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$386.1K
$337.8K – $450.4K
NOI $27,024 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.9K
$519.7K – $692.9K
NOI $41,576 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,407
Businesses Nearby
Under-served
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 Retail 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?
Storefront property - Purchase three fully leased retail condo units totaling 5,513 square feet in downtown Fargo.
Where is this storefront property located?
The property is located at 300 Broadway N Fargo, ND.
What is the asking price?
The asking price for this property is $684,500.
What are key features of this property?
This property features: Three fully leased retail condo units in downtown Fargo: Unit 101 (2,738 SF), Unit 102 (1,067 SF), and Unit 103/104 (1,708 SF); Total retail condo size: 5,513 SF across three units; Opportunity Zone tax benefits may apply
