300 Broadway N, Fargo, ND
Fully leased retail condos in a vibrant downtown location.
- Added:
- Jun 20, 2024
- Days on Market:
- 742
- Last Refresh:
- May 19 at 9:09 pm
Property Features for 300 Broadway N
General Information
- Standard status
- Active
- Size
- 5,513 SF
- Lot size
- 0.00 Acres
- Property subtype
- MULTIFAMILY
Listing office Property Resources Group (701) 238-7370
Listing date Jun 20, 2024
Source Moodyscre
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 Property Resources Group
HighLights
- Fully leased retail condos in downtown Fargo
- Excellent walking and biking scores
- Newer building
- Long‑term investment potential
- Iconic building
- Opportunity Zone tax benefits may apply
Overview
Local 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 | $82.7k | $15.00 |
| − Vacancy | −$5.0k | −$0.90 |
| EGI | $77.7k | $14.10 |
| − OpEx | −$23.3k | −$4.23 |
| NOI | $54.4k | $9.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.788
- Latitude
- 46.8793