Clear-Span Flex
For Sale
Contact for pricing
25 14th St S, Fargo, ND 58103
Flex warehouse with a clear span shop, overhead doors, office/reception area, and onsite parking on a corner lot.
Property Size4,016 SF
Price / SF$149.40
Days on Market105
Property Features for 25 14th St S
General Information
Standard status
Active
Size
4,016 SF
Property subtype
INDUSTRIAL
Additional Details
Clear Span
Yes
Listing Agency:
CBRE | Fargo
(701) 660-3500
Listed By:
Chance Lindsey
Source:
Moodyscre
Added: Jun 4
Changed: Sep 12
Last Checked: Sep 15 at 6:56AM
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 CBRE | Fargo
Investment Insights
Based on property information with market context.
This flex warehouse offers a clear span shop designed for open storage or light industrial use, with overhead doors for practical loading and access. The building also includes an office/reception area to support day-to-day operations. Onsite parking is available for employees and visitors.
The property is located in central Fargo with easy access to Main Ave. It sits on a corner lot, providing additional location flexibility.
Overall, the combination of a clear span interior and dedicated office/reception space makes the property well-suited for businesses that need both warehouse functionality and customer-facing or administrative space.
The property is located in central Fargo with easy access to Main Ave. It sits on a corner lot, providing additional location flexibility.
Overall, the combination of a clear span interior and dedicated office/reception space makes the property well-suited for businesses that need both warehouse functionality and customer-facing or administrative space.
Key Highlights
- Clear span shop area with overhead doors
- Office/reception area included
- Onsite parking available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,392
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,840
$707.8K
Cap Rate 7%
$505,600
$505.6K
Cap Rate 9%
$393,244
$393.2K
Market Conditions
NOI Build-Up for 4,016 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.4K $10.80/SF
− Vacancy
−$1.7K −$0.43/SF
EGI
$41.6K $10.37/SF
− OpEx
−$6.2K −$1.56/SF
NOI
$35.4K $8.81/SF
Area
Fargo, ND
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,840
Cap Rate 7%
$505,600
Cap Rate 9%
$393,244
Alternative Uses
Best Use
Warehouse
$505.6K
$442.4K – $589.9K
NOI $35,392 @ 7.0% cap · market cap 5.90%
Second Best
Flex RnD
$462.7K
$404.9K – $539.8K
NOI $32,390 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$871.2K
$762.3K – $1.02M
NOI $60,982 @ 7.0% cap · market cap 10.16%
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
1,442
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 58103, ND
46,754
Population
25,241
Households
1.9
Avg Household Size
36
Median Age
37%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
4,066
Density / Sq Mi
$57,699
Median Household Income
$38,241
Median Earnings
$831
Median Rent
$239,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse with a clear span shop, overhead doors, office/reception area, and onsite parking on a corner lot.
Where is this flex space located?
The property is located at 25 14th St S Fargo, ND.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Clear span shop area with overhead doors; Office/reception area included; Onsite parking available
