Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Fargo Retail/Office Space Title is generated by Realmo AI

    23 Broadway N, Fargo, ND

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Ground floor retail or office space in downtown Fargo.

    Type:RETAIL
    Property size:
    1,900 SF
    Lot size:
    0.39 Acres
    Added:
    May 23, 2023
    Days on Market:
    1086
    Last Refresh:
    Apr 5 at 10:18 pm

    Property Features for 23 Broadway N

    General Information

    Standard status
    Active
    Size
    1,900 SF
    Lot size
    0.39 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 23 Broadway N Contact us

    We can help!

    Listing Contact
    Paul Campbell

    Listing agent Paul Campbell

    Listing office Goldmark Commercial Real Estate

    Listing date May 23, 2023

    Source Moodyscre

    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 Goldmark Commercial Real Estate

    HighLights

    • Prime downtown Fargo location on Broadway and NP Avenue.
    • High visibility and easy access.
    • Ground floor office or retail space.
    • Affordable gross lease.
    • Located in a heavily trafficked area.
    • Includes multiple offices and additional basement space.

    Overview

    Located on the corner of Broadway and NP Avenue in downtown Fargo, this ground floor space is suitable for office or retail use. The property offers high visibility and accessibility in a heavily trafficked area. The space includes multiple offices on the ground floor, with additional space available in the basement. The property size is 1900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recycling Balers of North ... Factory Summit Marketing Associates Advertising Agency Johnson James Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.7874
    Latitude
    46.8757

    Nearby Similar for Lease

    • Contact for pricing

      Brandt Office Park

      3523 45Th St, Unit 100, Fargo, ND 58104
      View Details
    • Sponsored
      Contact for pricing

      Fargo 32nd Avenue

      1531 32Nd Ave, Fargo, ND 58103
      View Details
    • $5 SF/Yr

      Fargo Industrial Building Sublease Opportunity

      33,000 SF industrial building with office space for sublease.
      1402 43rd Street North, Fargo, ND, 58102
      View Details
    • $9 SF/Yr

      High-Traffic Office Space Available

      Office space for rent in West 45th Business Center.
      200-400 45th St S, Fargo, ND
      View Details
    • Contact for pricing

      Fargo Industrial Building Sublease Opportunity

      44,000 SF industrial building with office space for sublease.
      101 42nd Street South, Fargo, ND 58103
      View Details
    • $12 SF/Yr

      Updated Office Space For Rent

      Turn-key office space with ample parking and high visibility.
      3202 13th Ave S, Fargo, ND
      View Details
    • $2,141/Mo

      Downtown Fargo Retail Space Available

      Retail suite in high-traffic downtown location with natural light.
      615-635 2nd Ave N, Fargo, ND
      View Details
    • $18 SF/Yr

      Remodeled Office Space For Lease

      Well-maintained, recently remodeled office space in a desirable location.
      4612 Amber Valley Pkwy S, Fargo, ND
      View Details
    • $13 SF/Yr

      Industrial Building with Large Yard

      5,768 SF industrial space with 1.32-acre yard for lease.
      5 23rd St N, Fargo, ND
      View Details
    • Contact for pricing

      North Fargo Storage and Shop Units

      Multiple units available for lease in North Fargo.
      4108 44th St N, Fargo, ND 58102
      View Details
    • $16 SF/Yr

      Fargo Office Space For Rent

      Move-in ready office space with flexible floor plans available for rent.
      902 28th St S, Fargo, ND
      View Details
    • $17 SF/Yr

      South Fargo Office Space Available

      Office space with great visibility and underground parking available.
      4150 40th Ave S, Fargo, ND
      View Details

    FAQs

    What type of property is this?
    Retail space - Ground floor retail or office space in downtown Fargo.
    Where is this retail space located?
    The property is located at 23 Broadway N Fargo, ND.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Fargo location on Broadway and NP Avenue.; High visibility and easy access.; Ground floor office or retail space.
    (701) 235-2900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Campbell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23 Broadway N, Fargo, ND
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!