West Fargo Office and
For Sale
Contact for pricing
2528 Main Ave W, West Fargo, ND 58078
16,015 SF office and shop building in West Fargo.
Property Size16,015 SF
Price / SF$140.49
Days on Market1126
Property Features for 2528 Main Ave W
General Information
Standard status
Active
Size
16,015 SF
Class
A
Property subtype
Industrial
Lease Type
NNN
Building Details
Year Built
2013
Tenancy
Multi
Listing Agency:
Core Property Group
Listed By:
Jeremy Horst · License #ND 8209
(701) 235-2920
Source:
Crexi
Added: Sep 15, 2023
Changed: Oct 4
Last Checked: Oct 12 at 6:25PM
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.
This 16,015 square foot building, located along Main Avenue in West Fargo, features office and shop space. The property is positioned just off Interstate 94. The building includes two floors of Class A office space, featuring custom built-in cabinets and desks, high-end bathrooms with a shower, a designer kitchen, and fireplaces. An elevator provides access between floors. The building also offers four demised shop bays, each with a private bathroom. Adequate parking is available, and a monument sign provides visibility to Main Avenue and I-94.
Key Highlights
- Excellent location just off Interstate 94 and along Main Avenue in West Fargo.
- 16,015 square foot office and shop building.
- Class ‘A’ office space with custom built‑in cabinets, desks, high end bathrooms with shower, designer kitchen, and fireplaces.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,908
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,758,160
$2.8M
Cap Rate 7%
$1,970,114
$2.0M
Cap Rate 9%
$1,532,311
$1.5M
Market Conditions
NOI Build-Up for 16,015 SF
Gross rent
$230.6K $14.40/SF
− Vacancy
−$18.4K −$1.15/SF
EGI
$212.2K $13.25/SF
− OpEx
−$74.3K −$4.64/SF
NOI
$137.9K $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%
$2,758,160
Cap Rate 7%
$1,970,114
Cap Rate 9%
$1,532,311
Alternative Uses
Best Use
Flex RnD
$1.97M
$1.72M – $2.30M
NOI $137,908 @ 7.0% cap · market cap 6.13%
Second Best
Industrial
$1.34M
$1.17M – $1.56M
NOI $93,832 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.45M
NOI $207,122 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
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
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 - 16,015 SF office and shop building in West Fargo.
Where is this flex space located?
The property is located at 2528 Main Ave W West Fargo, ND.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Excellent location just off Interstate 94 and along Main Avenue in West Fargo.; 16,015 square foot office and shop building.; Class ‘A’ office space with custom built‑in cabinets, desks, high end bathrooms with shower, designer kitchen, and fireplaces.**
