Shop Condo with Mezzanine
2629 12th Street North, Fargo, ND 58102
For Sale
Contact for pricing
Flexible 900 SF shop condo with overhead door access, mezzanine office, and private bath with shower.
Property Size1,016 SF
Price / SF$184.06
Days on Market155
Property Features for 2629 12th Street North
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Units
Listing Agency:
Horizon Real Estate Group
Listed By:
Brian Tulibaski · License ND #9607
(701) 793-0653
Source:
Crexi
Added: Jun 9
Changed: Nov 8
Last Checked: Nov 8 at 6:12AM
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 Horizon Real Estate Group
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Investment Insights
Based on property information with market context.
This offering is a 900 SF shop condo designed to combine a working area with a functional office setup. The unit includes overhead door access, a floor drain, and an epoxy floor, with a mezzanine office for additional workspace. A private bathroom with shower supports hands-on use, while the building also provides owner access to a shared restroom and shared wash bay. The property is set up for utilities and security needs, including high-speed internet, DirecTV, and security cameras.
The condo is part of a gated property with fire sprinklers and a security fence, supporting controlled access for contractors, trades, and equipment-focused users. Additional on-site features include the shared wash bay, which can be convenient for maintaining tools and vehicles used in everyday operations.
This space can work well for businesses that need a shop environment plus dedicated workspace, as well as for storage and personal use that benefits from overhead door entry and an office area. With the combination of shop amenities, a private bath, and access to shared restrooms and wash facilities, the layout supports a range of small operators and hobbyist needs without sacrificing practicality.
The condo is part of a gated property with fire sprinklers and a security fence, supporting controlled access for contractors, trades, and equipment-focused users. Additional on-site features include the shared wash bay, which can be convenient for maintaining tools and vehicles used in everyday operations.
This space can work well for businesses that need a shop environment plus dedicated workspace, as well as for storage and personal use that benefits from overhead door entry and an office area. With the combination of shop amenities, a private bath, and access to shared restrooms and wash facilities, the layout supports a range of small operators and hobbyist needs without sacrificing practicality.
Key Highlights
- 2017‑built 900 SF north Fargo shop condo with flexible space for business, storage, or personal use
- Overhead door access plus a floor drain and epoxy floor for shop‑ready functionality
- Mezzanine office area and private bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,954
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,080
$179.1K
Cap Rate 7%
$127,914
$127.9K
Cap Rate 9%
$99,489
$99.5K
Market Conditions
NOI Build-Up for 1,016 SF
Gross rent
$11.0K $10.80/SF
− Vacancy
−$439 −$0.43/SF
EGI
$10.5K $10.37/SF
− OpEx
−$1.6K −$1.56/SF
NOI
$9.0K $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 Rate 5%
$179,080
Cap Rate 7%
$127,914
Cap Rate 9%
$99,489
Alternative Uses
Best Use
Warehouse
$127.9K
$111.9K – $149.2K
NOI $8,954 @ 7.0% cap · market cap 4.79%
Second Best
Self Storage
$117.8K
$103.1K – $137.4K
NOI $8,244 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$220.4K
$192.9K – $257.1K
NOI $15,428 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
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Market
Properties on Market for Flex space in Fargo
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible 900 SF shop condo with overhead door access, mezzanine office, and private bath with shower.
Where is this flex space located?
The property is located at 2629 12th Street North Fargo, ND.
What is the asking price?
The asking price for this property is $187,000.
What are key features of this property?
This property features: 2017‑built 900 SF north Fargo shop condo with flexible space for business, storage, or personal use; Overhead door access plus a floor drain and epoxy floor for shop‑ready functionality; Mezzanine office area and private bathroom with shower
