Fully Occupied Office
New
For Sale
$2,150,000
2632 47th Street South, Fargo, ND 58104
An established office asset with drive-up parking and a fully leased building.
Property Size13,091 SF
Price / SF$164.23
Days on Market1
Property Features for 2632 47th Street South
General Information
Standard status
Active
Size
13,091 SF
Class
B
Property subtype
Office - General Office
Occupancy
100%
Additional Details
Asking Price
$2,150,000
Building Details
Building Size
13,091 SF
Buildings
1
Listing Agency:
JBC Commercial Real Estate
Listed By:
Lori Ibach · License #5732
(701) 235-2920
Source:
Commercialcafe
Added: Oct 7
Last Checked: Oct 7 at 2:17PM
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 13,091-square-foot office building at 2632 47th Street South in Fargo is fully occupied, with 100% occupancy supporting an established income stream. Drive-up parking serves the property.
The building is in southwest Fargo, amid established commercial and residential development, with convenient access.
The building is in southwest Fargo, amid established commercial and residential development, with convenient access.
Key Highlights
- 13,091 SF office building
- 100% occupied
- Drive‑up parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,400
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,068,000
$3.1M
Cap Rate 7%
$2,191,429
$2.2M
Cap Rate 9%
$1,704,444
$1.7M
Market Conditions
NOI Build-Up for 13,091 SF
Gross rent
$243.5K $18.60/SF
− Vacancy
−$39.0K −$2.98/SF
EGI
$204.5K $15.62/SF
− OpEx
−$51.1K −$3.91/SF
NOI
$153.4K $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%
$3,068,000
Cap Rate 7%
$2,191,429
Cap Rate 9%
$1,704,444
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.56M
NOI $153,400 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,784 @ 7.0% cap · market cap 9.25%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 58104, ND
48,150
Population
21,847
Households
2.2
Avg Household Size
32
Median Age
49%
College-Educated
98%
High-School Grad
28.0 sq mi
ZIP Area
1,720
Density / Sq Mi
$85,014
Median Household Income
$51,148
Median Earnings
$1,087
Median Rent
$346,100
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.
Frequently Asked Questions
What type of property is this?
Office building - An established office asset with drive-up parking and a fully leased building.
Where is this office building located?
The property is located at 2632 47th Street South Fargo, ND.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 13,091 SF office building; 100% occupied; Drive‑up parking
