Heated Flex
For Sale
$243,000
2-5598 13th Ave N, Fargo, ND 58103
Large overhead doors and truck-friendly access accommodate equipment movement and storage.
Property Size1,800 SF
Price / SF$135
Days on Market13
Property Features for 2-5598 13th Ave N
General Information
Standard status
Active
Size
1,800 SF
Site & Location
Neighborhood
Clara Barton Neighborhood
Additional Details
Asking Price
$250,000
Property Use
Shop
Amenities
24/7 security camera monitoring
Listing Agency:
Raboin Realty
Listed By:
Dan Coombe
(701) 929-1188
Source:
Exprealty
Added: Oct 14
Changed: Oct 24
Last Checked: Oct 24 at 3:25PM
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 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.
These flex-space shop condos provide 1,800 SF of heated shop area with large overhead doors. The property has security camera monitoring around the clock, and access is suited to trucks and trailers.
Located in North Fargo, the units are available for purchase or lease. Uses identified for the space include contractor and service-business operations, equipment or vehicle storage, and personal shop use.
Located in North Fargo, the units are available for purchase or lease. Uses identified for the space include contractor and service-business operations, equipment or vehicle storage, and personal shop use.
Key Highlights
- 1800 SF of heated shop space
- Large overhead doors
- 24/7 security camera monitoring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,863
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,260
$317.3K
Cap Rate 7%
$226,614
$226.6K
Cap Rate 9%
$176,256
$176.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$19.4K $10.80/SF
− Vacancy
−$778 −$0.43/SF
EGI
$18.7K $10.37/SF
− OpEx
−$2.8K −$1.56/SF
NOI
$15.9K $8.81/SF
Area
Fargo, ND
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,260
Cap Rate 7%
$226,614
Cap Rate 9%
$176,256
Alternative Uses
Best Use
Warehouse
$226.6K
$198.3K – $264.4K
NOI $15,863 @ 7.0% cap · market cap 6.53%
Second Best
Flex RnD
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$390.5K
$341.7K – $455.6K
NOI $27,333 @ 7.0% cap · market cap 11.25%
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
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Large overhead doors and truck-friendly access accommodate equipment movement and storage.
Where is this flex space located?
The property is located at 2-5598 13th Ave N Fargo, ND.
What is the asking price?
The asking price for this property is $243,000.
What are key features of this property?
This property features: 1800 SF of heated shop space; Large overhead doors; 24/7 security camera monitoring
