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    Fargo Industrial/Flex Space Available

    1902 1st Ave S Fargo, ND

    1902 1st Ave S, Fargo, ND, 00000
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    17,810 SF industrial/flex space in central Fargo.

    Property Size17,810 SF
    Lot Size1.35 Acres
    Price / SF$89.84
    AddedAug 8, 2025
    Days on Market343
    Last RefreshJul 16 at 4:13 am

    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 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

    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

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    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 Analytics

    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

    Pharmacy Grocery & Convenience Store Restaurant Hotel & Motel Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Wine and Liquor Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

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    Similar Off Market Nearby

    • Brew Catering & Events — 1213 Northern Pacific Ave Suite 101, Fargo, ND 58102
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    FAQs

    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
    Contact an agent
    (701) 478-7600 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Tulibaski, MBA
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