Multi-Tenant Metal
1310 55th Street NE Fargo, ND 58102
1310 55th Street NE, Fargo, ND, 58102
$1,950,000
For Sale
$1,950,000
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 Market356
Property Features for 1310 55th Street NE
General Information
- Standard status
- Active
- Size
- 18,712 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2019
Listing agency
Core Property Group
(701) 371-8234
Listed by
Jeremy Horst · License #8209
(701) 371-8234
Source
Xome
Added: Jul 31, 2025 Updated: Jul 21 at 5:38PM Checked: Jul 21 at 5:38PM
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
Local Financial Insights For Warehouse
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 | $202.1k | $10.80 |
| − Vacancy | −$8.1k | −$0.43 |
| EGI | $194.0k | $10.37 |
| − OpEx | −$29.1k | −$1.56 |
| NOI | $164.9k | $8.81 |
18,712 SF · lease $10.80/SF/yr · vacancy 4.00% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Same Day Mattress ...
Furniture & Home Goods
TruGreen Lawn Care ...
Landscaping
Similar For Sale Nearby
Similar Off Market Nearby
- Union Storage Cold Storage — 1500 47th St N, Fargo, ND 58102
FAQs
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 NE 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
