Flex Space with Drive-In
For Sale
$475,000
802 1st Ave N, Fargo, ND 58102
Modernized façade, glass storefront, dedicated entry, and on-site parking support varied commercial configurations.
Property Size2,500 SF
Days on Market66
Property Features for 802 1st Ave N
General Information
Standard status
Active
Size
2,500 SF
Class
B
Property subtype
Office - General Office
Additional Details
Drive-In Doors
2
Amenities
expansive glass storefront
dedicated entry
two 12' overhead drive-in doors
Building Details
Building Size
2,500 SF
Year Built
1936
Buildings
1
Listing Agency:
JBC Commercial Real Estate
Listed By:
Lori Ibach · License #5732
(701) 235-2920
Source:
Commercialcafe
Added: Aug 3
Changed: Oct 5
Last Checked: Oct 7 at 9:20AM
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 JBC Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,500-square-foot flex space combines a modernized façade with an expansive glass storefront and a dedicated customer or staff entry. Two 12-foot overhead drive-in doors add functional access for operations requiring direct building entry. On-site parking is also provided.
The property is located at 802 1st Ave N in Fargo, with access to downtown Fargo and the surrounding market. Its physical configuration supports office, showroom, contractor, service, and light flex-use operations, giving users multiple ways to organize the space around their business needs. Built in 1936, the property pairs an established building shell with updated exterior presentation and practical access features.
The property is located at 802 1st Ave N in Fargo, with access to downtown Fargo and the surrounding market. Its physical configuration supports office, showroom, contractor, service, and light flex-use operations, giving users multiple ways to organize the space around their business needs. Built in 1936, the property pairs an established building shell with updated exterior presentation and practical access features.
Key Highlights
- 2,500 SF flex space at 802 1st Ave N, Fargo, ND 58102
- Two 12' overhead drive‑in doors
- Modernized façade with expansive glass storefront
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,295
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,900
$585.9K
Cap Rate 7%
$418,500
$418.5K
Cap Rate 9%
$325,500
$325.5K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$46.5K $18.60/SF
− Vacancy
−$7.4K −$2.98/SF
EGI
$39.1K $15.62/SF
− OpEx
−$9.8K −$3.91/SF
NOI
$29.3K $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%
$585,900
Cap Rate 7%
$418,500
Cap Rate 9%
$325,500
Alternative Uses
Best Use
Office B
$418.5K
$366.2K – $488.3K
NOI $29,295 @ 7.0% cap · market cap 6.17%
Second Best
Retail
$352.5K
$308.4K – $411.3K
NOI $24,675 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$542.3K
$474.5K – $632.7K
NOI $37,962 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,588
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ade's Cuisine — 1407 1st Ave N, Fargo, ND 58102
- Sugar Hill Catering — 1407 1st Ave N, Fargo, ND 58102
- Brew Catering & Events — 1213 Northern Pacific Ave Suite 101, Fargo, ND 58102
- The Juan and Only — Broadway N, Fargo, ND 58102
- Oven Door Catering Services — 1338 3rd Ave N, Fargo, ND 58102
Frequently Asked Questions
What type of property is this?
Flex space - Modernized façade, glass storefront, dedicated entry, and on-site parking support varied commercial configurations.
Where is this flex space located?
The property is located at 802 1st Ave N Fargo, ND.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,500 SF flex space at 802 1st Ave N, Fargo, ND 58102; Two 12' overhead drive‑in doors; Modernized façade with expansive glass storefront
