Expansive Land with
For Sale
Contact for pricing
2202 5th Ave N, Fargo, ND 58102
Large land parcel with warehouse and office space.
Property Size10,116 SF
Price / SF$148.28
Days on Market775
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
Listing Agency:
Horizon Real Estate Group
Listed By:
David Schlossman · License #ND 8360
(701) 478-7600
Source:
Crexi
Added: Aug 22, 2024
Changed: Sep 8
Last Checked: Oct 4 at 7:54AM
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.
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.
Key Highlights
- Expansive amount of land for limitless development possibilities.
- Exceptional warehouse with high ceilings.
- Spacious warehouse area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,539
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,780
$2.4M
Cap Rate 7%
$1,693,414
$1.7M
Cap Rate 9%
$1,317,100
$1.3M
Market Conditions
NOI Build-Up for 10,116 SF
Gross rent
$188.2K $18.60/SF
− Vacancy
−$30.1K −$2.98/SF
EGI
$158.1K $15.62/SF
− OpEx
−$39.5K −$3.91/SF
NOI
$118.5K $11.72/SF
Area
Fargo, ND
Vacancy
16.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,780
Cap Rate 7%
$1,693,414
Cap Rate 9%
$1,317,100
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.98M
NOI $118,539 @ 7.0% cap · market cap 7.90%
Second Best
Warehouse
$1.27M
$1.11M – $1.49M
NOI $89,150 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,609 @ 7.0% cap · market cap 10.24%
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
701
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
