Industrial Building with Five Overhead
219 1st Avenue West, West Fargo, ND 58078
For Sale
Contact for pricing
Two dedicated offices, floor heat, and interior drains support a range of industrial operations.
Property Size4,000 SF
Price / SF$120
Days on Market35
Property Features for 219 1st Avenue West
General Information
Standard status
Size
Property subtype
Building Details
Year Renovated
Buildings
Building Size
Listing Agency:
Core Property Group
Listed By:
Jeremy Horst · License ND #8209
(701) 371-8234
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 2:26PM
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 Core Property Group
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Investment Insights
Based on property information with market context.
This 4,000 SF industrial building includes five 12-foot overhead doors and two dedicated offices. Floor heat and interior drains are also part of the building’s functional layout. Capital improvements completed in 2024 covered the roof, siding, windows, spray foam insulation, and overhead doors.
The property is at 219 1st Avenue West in West Fargo, one block east of Sheyenne Street and one block south of Main Avenue.
The property is at 219 1st Avenue West in West Fargo, one block east of Sheyenne Street and one block south of Main Avenue.
Key Highlights
- 4,000 SF industrial building
- Five 12‑foot overhead doors
- Two dedicated offices, floor heat, and interior drains
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,436
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,720
$468.7K
Cap Rate 7%
$334,800
$334.8K
Cap Rate 9%
$260,400
$260.4K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$36.0K $9.00/SF
− Vacancy
−$2.5K −$0.63/SF
EGI
$33.5K $8.37/SF
− OpEx
−$10.0K −$2.51/SF
NOI
$23.4K $5.86/SF
Area
Cass County, ND
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,720
Cap Rate 7%
$334,800
Cap Rate 9%
$260,400
Alternative Uses
Best Use
Industrial
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$739.0K
$646.7K – $862.2K
NOI $51,732 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
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Business Placement
Demographics for 58078, ND
39,161
Population
16,416
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
97%
High-School Grad
39.8 sq mi
ZIP Area
984
Density / Sq Mi
$97,206
Median Household Income
$51,208
Median Earnings
$1,073
Median Rent
$303,200
Median Home Value
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Market
Average Price Trend$/SF for Industrial properties in Cass County, ND
Properties on Market for Industrial properties in Cass County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Two dedicated offices, floor heat, and interior drains support a range of industrial operations.
Where is this industrial property located?
The property is located at 219 1st Avenue West West Fargo, ND.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 4,000 SF industrial building; Five 12‑foot overhead doors; Two dedicated offices, floor heat, and interior drains
