Back to Search

Expansive Land with Warehouse

2202 5th Ave N, Fargo, ND 58102

View on Map

For Sale

Contact for pricing

Large land parcel with warehouse and office space.

Type:Retail, Industrial, Land

Property size:

10,116 SF

Price / SF:

$148/SF

We can help!

Contact for Pricing

Please call us for current price
and status of this listing

David Schlossman

Real Estate License ID: ND 8360

HighLights

Expansive amount of land for limitless development possibilities.
Exceptional warehouse with high ceilings.
Spacious warehouse area.
Abundant office space.
Ideal facility for business.
Year Built: 1967

For Sale

Contact for pricing

Large land parcel with warehouse and office space.

Type:Retail, Industrial, Land

Property size:

10,116 SF

Price / SF:

$148/SF

Added:: Aug 22, 2024
Days on Market:: 684
Last Refresh:: Jul 4 at 1:19 pm

Property Features for 2202 5th Ave N

General Information

Standard status: Active
Size: 10,116 SF
Property subtype: Retail, Industrial, Land

Building Details

Year Built: 1967

We can help!

Contact an agent

David Schlossman

Listing office Horizon Real Estate Group

Listing date Aug 22, 2024

Source Crexi

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

Expansive amount of land for limitless development possibilities.
Exceptional warehouse with high ceilings.
Spacious warehouse area.
Abundant office space.
Ideal facility for business.
Year Built: 1967

Overview

The property includes a warehouse with high ceilings, a spacious warehouse area, and abundant office space. The property offers an expansive amount of land suitable for development. The warehouse is an ideal facility for business operations.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$188.2k	$18.60
− Vacancy	−$30.1k	−$2.98
EGI	$158.1k	$15.62
− OpEx	−$39.5k	−$3.91
NOI	$118.5k	$11.72

10,116 SF · lease $18.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.69M

$1.48M – $1.98M (±1% cap)

NOI $118,539 @ 7.0% cap · market cap 7.90%

Second Best

Warehouse

$1.27M

$1.11M – $1.49M (±1% cap)

NOI $89,150 @ 7.0% cap · market cap 5.94%

Theoretical Best

Office A

$2.19M

$1.92M – $2.56M (±1% cap)

NOI $153,609 @ 7.0% cap · market cap 10.24%

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

Property Profile Location Intelligence

Current Use by Public Records

Hotel Hotel & Motel Berg Grain & Produce Trucking Company

Suggested Use

Location Insight

Map
Local Demand

City: Fargo
County: Cass
State: North Dakota
Longitude: -96.8157562
Latitude: 46.8810371

Nearby Similar for Sale

$389,900

4,842 SF

Vacant Unit Three Triplex

Rental-ready four-bedroom unit with private patios and a heated garage, plus two occupied two-bedroom units.

1824 14th Street S, Fargo, ND 58103

View Details
$330,000

6,864 SF

Brick 4-Plex Investment Property

Cash-flowing 4-plex with a two- and one-bedroom unit mix and recently vacated units ready for re-leasing.

1105 11th Street N, Fargo, ND 58102

View Details
$255,000

2,112 SF

Duplex with Two Independent Units

Duplex with an upstairs 3-bedroom unit and a downstairs 2-bedroom unit, with tenant-paid electric and owner-paid heat/gas.

1305 16 1/2 Street S, Fargo, ND 58103

View Details
$265,000

2,016 SF

Duplex with Separate Entrances

Each side offers three bedrooms, one bath, in-unit laundry, and off-street parking for flexible residential income use.

910-912 32nd Street N, Fargo, ND 58102

View Details
$179,000

3,167 SF

Corner Lot Multi-Unit Duplex

Well-configured multi-unit home with hardwood floors and a 3-stall garage on a corner lot in Fargo.

1045 10 Street N, Fargo, ND 58102

View Details
$266,000

2,855 SF

Fully Rented 4-Plex Investment

Turn-key four-unit residential income property with on-site parking and recent unit updates.

1002 5th Street N, Fargo, ND 58102

View Details
$1,573,800

Annexed Development Land Parcel

Annexed commercial land opportunity with AG zoning and access to future city water and sewer extensions.

9350 & 9124 57th Street S, Fargo, ND 58104

View Details
$600,000

4,016 SF

Flex Warehouse with Office Space

Clear-span warehouse area with overhead doors, plus an office and reception setup for day-to-day operations.

25 14th St S, Fargo, ND 58103

View Details
$983,000

1,648 SF

Limited Industrial Self-Storage Facility

Level, limited industrial site with an existing 27-unit self-storage building and a home adaptable for office use.

3910 25th St N, Fargo, ND 58102

View Details
$2,950,000

13,275 SF

High-Exposure Corner Commercial Property

Versatile commercial property with office, showroom, and warehouse space.

3803/3817 Main Ave, Fargo, ND 58103

View Details
$620,730

130,499 SF

Limited Industrial Land Parcel

Industrial land totaling about three acres, zoned Limited Industrial for constrained industrial uses.

4130 24th Ave N, Fargo, ND 58102

View Details
$2,325,000

4,236 SF

Downtown Fargo Service Center Opportunity

Gas station, convenience store, and repair facility in downtown Fargo.

330 Main Ave, Fargo, ND 58103

View Details

For sale
Commercial land
ND
Fargo
58102
2202 5th Ave N

What type of property is this?

Commercial land - Large land parcel with warehouse and office space.

Where is this commercial land located?

The property is located at 2202 5th Ave N Fargo, ND.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Expansive amount of land for limitless development possibilities.; Exceptional warehouse with high ceilings.; Spacious warehouse area.