Multi-Tenant Industrial
For Sale
Contact for pricing
1800 Main Ave E, West Fargo, ND 58078
Three industrial buildings combine shop, office, residential, and outdoor storage components on a multi-tenant commercial property.
Property Size34,220 SF
Lot Size4.60 Acres
Price / SF$87.52
Days on Market53
Property Features for 1800 Main Ave E
General Information
Standard status
Active
Size
34,220 SF
Lot size
4.60 Acres
Property subtype
Industrial
Zoning
HC – Heavy Commercial
Investment Type
Value Add
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Gross Income
$202,740
Building Details
Buildings
9
Tenancy
Multi
Listing Agency:
Goldmark Commercial Real Estate Inc
Listed By:
Andy Westby · License #ND 9120
(701) 235-2920
Source:
Crexi
Added: Aug 14
Changed: Oct 2
Last Checked: Oct 4 at 9:04AM
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 Goldmark Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This 34,220 SF industrial property spans approximately 4.6 acres and includes three buildings, six detached garage units, and a combination of shop, office, residential, and outdoor storage areas. The property is zoned HC – Heavy Commercial, with nearly all industrial leases structured on a month-to-month basis.
Approximately two acres of excess land are currently used for outdoor storage and short-term rentals. The site has direct frontage on Main Avenue, where approximately 16,900 vehicles pass daily, with immediate access to 45th Street and Interstate 29 located just minutes away. The property is at 1800 Main Ave E in West Fargo, North Dakota.
Approximately two acres of excess land are currently used for outdoor storage and short-term rentals. The site has direct frontage on Main Avenue, where approximately 16,900 vehicles pass daily, with immediate access to 45th Street and Interstate 29 located just minutes away. The property is at 1800 Main Ave E in West Fargo, North Dakota.
Key Highlights
- 34,220 SF industrial property on approximately 4.6 acres
- Three industrial buildings plus six detached garage units
- Approximately two acres of excess land used for outdoor storage and short‑term rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,458
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,869,160
$4.9M
Cap Rate 7%
$3,477,971
$3.5M
Cap Rate 9%
$2,705,089
$2.7M
Market Conditions
NOI Build-Up for 34,220 SF
Gross rent
$308.0K $9.00/SF
− Vacancy
−$21.6K −$0.63/SF
EGI
$286.4K $8.37/SF
− OpEx
−$43.0K −$1.26/SF
NOI
$243.5K $7.11/SF
Area
Cass County, ND
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,869,160
Cap Rate 7%
$3,477,971
Cap Rate 9%
$2,705,089
Alternative Uses
Best Use
Flex RnD
$4.21M
$3.68M – $4.91M
NOI $294,675 @ 7.0% cap · market cap 9.84%
Second Best
Warehouse
$3.48M
$3.04M – $4.06M
NOI $243,458 @ 7.0% cap · market cap 8.13%
Theoretical Best
Specialty Retail
$6.32M
$5.53M – $7.38M
NOI $442,567 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58078, ND
39,161
Population
16,416
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
97%
High-School Grad
39.8 sq mi
ZIP Area
984
Density / Sq Mi
$97,206
Median Household Income
$51,208
Median Earnings
$1,073
Median Rent
$303,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- North American Van Lines — B, 1830 4th Ave NW B1, West Fargo, ND 58078
- Fettes Transportation Systems — B, 1830 4th Ave NW Bldg B, West Fargo, ND 58078
Frequently Asked Questions
What type of property is this?
Warehouse - Three industrial buildings combine shop, office, residential, and outdoor storage components on a multi-tenant commercial property.
Where is this warehouse located?
The property is located at 1800 Main Ave E West Fargo, ND.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 34,220 SF industrial property on approximately 4.6 acres; Three industrial buildings plus six detached garage units; Approximately two acres of excess land used for outdoor storage and short‑term rentals
