Fargo Industrial/Flex Space
For Sale
Contact for pricing
1902 1st Ave S, Fargo, ND
17,810 SF industrial/flex space in central Fargo.
Property Size17,810 SF
Lot Size1.35 Acres
Price / SF$89.84
Days on Market424
Property Features for 1902 1st Ave S
General Information
Standard status
Active
Size
17,810 SF
Lot size
1.35 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Horizon Real Estate Group
(701) 478-7600
Listed By:
Brian Tulibaski, MBA
(701) 793-0653
Source:
Moodyscre
Added: Aug 8, 2025
Changed: Sep 14
Last Checked: Oct 4 at 12:25PM
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 Horizon Real Estate Group
Investment Insights
Based on property information with market context.
This 17,810 square foot industrial/flex space is located in central Fargo. The shops are currently at 100% occupancy. A 610 square foot office space is currently unoccupied, presenting a value-add opportunity. SBA financing is available for owner-users. Partial seller financing is available to qualified buyers.
Key Highlights
- 17,810 SF industrial/flex space available
- Excellent central Fargo location
- Shops currently at 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,641
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,872,820
$2.9M
Cap Rate 7%
$2,052,014
$2.1M
Cap Rate 9%
$1,596,011
$1.6M
Market Conditions
NOI Build-Up for 17,810 SF
Gross rent
$235.1K $13.20/SF
− Vacancy
−$14.1K −$0.79/SF
EGI
$221.0K $12.41/SF
− OpEx
−$77.3K −$4.34/SF
NOI
$143.6K $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%
$2,872,820
Cap Rate 7%
$2,052,014
Cap Rate 9%
$1,596,011
Alternative Uses
Best Use
Flex RnD
$2.05M
$1.80M – $2.39M
NOI $143,641 @ 7.0% cap · market cap 8.98%
Second Best
Industrial
$1.73M
$1.52M – $2.02M
NOI $121,441 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,441 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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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
- Milk Made Catering — 612 23rd St S, Fargo, ND 58102
- 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
- Oven Door Catering Services — 1338 3rd Ave N, Fargo, ND 58102
Frequently Asked Questions
What type of property is this?
Flex space - 17,810 SF industrial/flex space in central Fargo.
Where is this flex space located?
The property is located at 1902 1st Ave S Fargo, ND.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 17,810 SF industrial/flex space available; Excellent central Fargo location; Shops currently at 100% occupancy
