2520 Main Ave W West Fargo, ND 58078
New freestanding steel building with I-94 access and outdoor storage.
Property Features for 2520 Main Ave W
General Information
- Standard status
- Active
- Size
- 11,760 SF
- Property subtype
- Industrial
Listing office Core Property Group (701) 371-5977
Listing date Jan 16, 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 Core Property Group
Investment Insights
Based on property information with market context.
Key Highlights
- Newly built free standing steel building
- Located just off Main Avenue and I‑94
- Several 28’ x 60’ bays
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $9.00 |
| − Vacancy | −$7.4k | −$0.63 |
| EGI | $98.4k | $8.37 |
| − OpEx | −$14.8k | −$1.26 |
| NOI | $83.7k | $7.11 |
Alternative Uses
Property Analytics
Current Use by Public Records
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