Warehouse with Office and Secure
For Sale
Contact for pricing
2101 12TH ST N, Fargo, ND 58102
Gated warehouse property includes an onsite office with restroom and some temperature-controlled units.
Property Size50,450 SF
Price / SF$128.84
Days on Market286
Property Features for 2101 12TH ST N
General Information
Standard status
Active
Size
50,450 SF
Property subtype
INDUSTRIAL
Amenities
onsite office with restroom
gated and secure
some temperature controlled units
Listing Agency:
JBC Commercial
(701) 929-6000
Listed By:
Jim Buus · License #2216
(701) 936-8165
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Sep 15
Last Checked: Sep 15 at 10:14AM
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 JBC Commercial
Investment Insights
Based on property information with market context.
This for-sale warehouse property features an onsite office with a restroom. The site is gated and secure, and includes some temperature controlled units.
In addition to the existing improvements, the property offers additional buildable space on site described as a half acre.
Overall, the configuration supports warehouse operations with dedicated office space and controlled-access yard conditions.
In addition to the existing improvements, the property offers additional buildable space on site described as a half acre.
Overall, the configuration supports warehouse operations with dedicated office space and controlled-access yard conditions.
Key Highlights
- Gated and secure warehouse property
- Onsite office with a restroom
- Some temperature‑controlled units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$444,606
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,892,120
$8.9M
Cap Rate 7%
$6,351,514
$6.4M
Cap Rate 9%
$4,940,067
$4.9M
Market Conditions
NOI Build-Up for 50,450 SF
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.
Gross rent
$544.9K $10.80/SF
− Vacancy
−$21.8K −$0.43/SF
EGI
$523.1K $10.37/SF
− OpEx
−$78.5K −$1.56/SF
NOI
$444.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,892,120
Cap Rate 7%
$6,351,514
Cap Rate 9%
$4,940,067
Alternative Uses
Best Use
Warehouse
$6.35M
$5.56M – $7.41M
NOI $444,606 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.94M
$9.58M – $12.77M
NOI $766,073 @ 7.0% cap · market cap 11.79%
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
518
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Mid-States Storage — 2101 12th St N, Fargo, ND 58102
- North Dakota Grain Dealers — 2417 N University Dr suite a, Fargo, ND 58102
Frequently Asked Questions
What type of property is this?
Warehouse - Gated warehouse property includes an onsite office with restroom and some temperature-controlled units.
Where is this warehouse located?
The property is located at 2101 12TH ST N Fargo, ND.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Gated and secure warehouse property; Onsite office with a restroom; Some temperature‑controlled units
