Heated Flex Shop
14-5590 13th Ave N, Fargo, ND 58103
For Sale
$199,900
A 24-hour camera system monitors the property, with access designed to accommodate trucks and trailers.
Property Size1,440 SF
Price / SF$138.82
Days on Market25
Property Features for 14-5590 13th Ave N
General Information
Standard status
Size
Site & Location
Neighborhood
Additional Details
Property Use
Amenities
24/7 Security Camera Monitoring
Listing Agency:
Raboin Realty
Listed By:
Dan Coombe · License #11864
(701) 929-1188
Source:
Exprealty
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 6 at 1:00PM
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 Raboin Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property consists of shop condos with 1,440 square feet of heated space and large overhead doors. Units are presented as available for purchase or lease, with potential applications including contractor and service-business operations, equipment or vehicle storage, and personal shop use.
Located at 14-5590 13th Ave N in Fargo, the property has 24/7 security camera monitoring and access for trucks and trailers.
Located at 14-5590 13th Ave N in Fargo, the property has 24/7 security camera monitoring and access for trucks and trailers.
Key Highlights
- 1,440 square feet of heated shop space
- Large overhead doors
- 24/7 security camera monitoring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,614
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,280
$232.3K
Cap Rate 7%
$165,914
$165.9K
Cap Rate 9%
$129,044
$129.0K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$19.0K $13.20/SF
− Vacancy
−$1.1K −$0.79/SF
EGI
$17.9K $12.41/SF
− OpEx
−$6.3K −$4.34/SF
NOI
$11.6K $8.07/SF
Area
Fargo, ND
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,280
Cap Rate 7%
$165,914
Cap Rate 9%
$129,044
Alternative Uses
Best Use
Flex RnD
$165.9K
$145.2K – $193.6K
NOI $11,614 @ 7.0% cap · market cap 5.81%
Second Best
Industrial
$140.3K
$122.7K – $163.7K
NOI $9,819 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$312.4K
$273.3K – $364.4K
NOI $21,866 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58103, ND
46,754
Population
25,241
Households
1.9
Avg Household Size
36
Median Age
37%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
4,066
Density / Sq Mi
$57,699
Median Household Income
$38,241
Median Earnings
$831
Median Rent
$239,200
Median Home Value
Market
Properties on Market for Flex space in Fargo
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A 24-hour camera system monitors the property, with access designed to accommodate trucks and trailers.
Where is this flex space located?
The property is located at 14-5590 13th Ave N Fargo, ND.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,440 square feet of heated shop space; Large overhead doors; 24/7 security camera monitoring
