Remodeled Retail
For Sale
Contact for pricing
30 University Dr N, Fargo, ND 58102
Retail building constructed in 1948 and fully remodeled in 2017, currently leased under a new multiyear agreement.
Property Size1,948 SF
Price / SF$307.49
Days on Market47
Property Features for 30 University Dr N
General Information
Standard status
Active
Size
1,948 SF
Property subtype
RETAIL
Additional Details
Cap Rate
9.2%
Building Details
Year Built
1948
Year Renovated
2017
Listing Agency:
Archer Real Estate Services
(701) 730-0290
Listed By:
Jay Nelson · License #6934
Source:
Moodyscre
Added: Jun 16
Changed: Jul 30
Last Checked: Aug 1 at 6:54AM
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 Archer Real Estate Services
Investment Insights
Based on property information with market context.
This retail building was constructed in 1948 and completely remodeled in 2017. It is currently leased to an established business, which recently signed a new multiyear lease.
Located at 30 University Dr N in Fargo, North Dakota, the property totals 1,948 square feet. With a reported cap rate of 9.2%, it offers a single-tenant retail setup for buyers seeking an actively leased asset.
For additional details, a Confidentiality Agreement is required.
Located at 30 University Dr N in Fargo, North Dakota, the property totals 1,948 square feet. With a reported cap rate of 9.2%, it offers a single-tenant retail setup for buyers seeking an actively leased asset.
For additional details, a Confidentiality Agreement is required.
Key Highlights
- 1,948 SF retail building at 30 University Dr N, Fargo, ND 58102
- Constructed in 1948
- Completely remodeled in 2017
Financial Insights For Retail
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 | $29.2k | $15.00 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $27.5k | $14.10 |
| − OpEx | −$8.2k | −$4.23 |
| NOI | $19.2k | $9.87 |
1,948 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.6K
$369.8K – $493.0K
NOI $29,580 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building constructed in 1948 and fully remodeled in 2017, currently leased under a new multiyear agreement.
Where is this retail space located?
The property is located at 30 University Dr N Fargo, ND.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,948 SF retail building at 30 University Dr N, Fargo, ND 58102; Constructed in 1948; Completely remodeled in 2017
