Flex Space with Shop
2233 Sheyenne Street, West Fargo, ND 58078
For Sale
$399,000
Commercial Sale, West Fargo, ND
Property Size2,288 SF
Lot Size0.19 Acres
Price / SF$174.39
Days on Market47
Property Features for 2233 Sheyenne Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
High school district
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Buildings
Listing Agency:
eXp Realty (3240 WF)
(701) 361-5768
Listed By:
Michelle Larson-Hoppe
(612) 751-9303
Added: Sep 25
Changed: Nov 5
Last Checked: Nov 10 at 6:06AM
MLS# 7150813
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2016, this 2,288-square-foot flex property includes shop space with concrete floors and a floor drain. Baseboard heating serves the building, and a parking lot is among its site features.
The property occupies a 0.19-acre parcel at 2233 Sheyenne Street in West Fargo, North Dakota.
The property occupies a 0.19-acre parcel at 2233 Sheyenne Street in West Fargo, North Dakota.
Key Highlights
- 2,288 square feet of shop space
- Concrete floors and a floor drain
- Built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,702
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,040
$394.0K
Cap Rate 7%
$281,457
$281.5K
Cap Rate 9%
$218,911
$218.9K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$32.9K $14.40/SF
− Vacancy
−$2.6K −$1.15/SF
EGI
$30.3K $13.25/SF
− OpEx
−$10.6K −$4.64/SF
NOI
$19.7K $8.61/SF
Area
Cass County, ND
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,040
Cap Rate 7%
$281,457
Cap Rate 9%
$218,911
Alternative Uses
Best Use
Flex RnD
$281.5K
$246.3K – $328.4K
NOI $19,702 @ 7.0% cap · market cap 4.94%
Second Best
Industrial
$191.5K
$167.6K – $223.4K
NOI $13,405 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$422.7K
$369.9K – $493.2K
NOI $29,591 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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 Flex space in Cass County, ND
Properties on Market for Flex space in Cass County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Concrete flooring and a floor drain support hands-on shop activities.
Where is this flex space located?
The property is located at 2233 Sheyenne Street West Fargo, ND.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,288 square feet of shop space; Concrete floors and a floor drain; Built in 2016
