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Fargo Industrial/Flex Space Available

1902 1st Ave S, Fargo, ND

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For Sale

Contact for pricing

17,810 SF industrial/flex space in central Fargo.

Type:INDUSTRIAL

Property size:

17,810 SF

Lot size:

1.35 Acres

Price / SF:

$89/SF

HighLights

17,810 SF industrial/flex space available
Excellent central Fargo location
Shops currently at 100% occupancy
SBA financing available for owner‑users
Partial seller financing available to qualified buyers
Value add opportunity with a 610 SF office currently unoccupied

We can help!

Contact an agent

Brian Tulibaski, MBA

For Sale

Contact for pricing

17,810 SF industrial/flex space in central Fargo.

Type:INDUSTRIAL

Property size:

17,810 SF

Lot size:

1.35 Acres

Price / SF:

$89/SF

Added:: Aug 8, 2025
Days on Market:: 324
Last Refresh:: May 20 at 8:23 pm

Property Features for 1902 1st Ave S

General Information

Standard status: Active
Size: 17,810 SF
Lot size: 1.35 Acres
Property subtype: INDUSTRIAL

We can help!

Contact an agent

Brian Tulibaski, MBA

Listing office Horizon Real Estate Group

Listing date Aug 8, 2025

Source Moodyscre

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

HighLights

17,810 SF industrial/flex space available
Excellent central Fargo location
Shops currently at 100% occupancy
SBA financing available for owner‑users
Partial seller financing available to qualified buyers
Value add opportunity with a 610 SF office currently unoccupied

Overview

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.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$235.1k	$13.20
− Vacancy	−$14.1k	−$0.79
EGI	$221.0k	$12.41
− OpEx	−$77.3k	−$4.34
NOI	$143.6k	$8.07

17,810 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$2.05M

$1.80M – $2.39M (±1% cap)

NOI $143,641 @ 7.0% cap · market cap 8.98%

Second Best

Industrial

$1.73M

$1.52M – $2.02M (±1% cap)

NOI $121,441 @ 7.0% cap · market cap 7.59%

Theoretical Best

Office A

$3.86M

$3.38M – $4.51M (±1% cap)

NOI $270,441 @ 7.0% cap · market cap 16.90%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

J&C Luxury Motor ... Car Dealership Greasy-wrench.com Auto Repair Shop United Concrete Construction Construction Company Wrench Pros LLC Auto Repair Shop

Suggested Use

Similar Places Nearby

Brew Catering & Events — 1213 Northern Pacific Ave Suite 101, Fargo, ND 58102
Chef's Table Catering — 670 4th Ave N, Fargo, ND 58102
Classic Cakes And Catering Llc — 411 2nd Ave S, Moorhead, MN 56560
The Juan and Only — Broadway N, Fargo, ND 58102
Nosh Kitchen — 220 broadway n, fargo, nd 58102

Location Insight

Map
Local Demand

City: Fargo
County: Cass
State: North Dakota
Longitude: -96.8117
Latitude: 46.874

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