Flex Space with In-Floor
3320 39th Street S Fargo, ND 58104
3320 39th Street S, Fargo, ND, 58104
$715,000
For Sale
$715,000
Flex property includes three finished offices, two oversized bathrooms, in-floor heating, ductless AC, and an air exchange system.
Property Size5,000 SF
Price / SF$143
Days on Market120
Property Features for 3320 39th Street S
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2019
Listing agency
Exp Realty (3247 Fgo)
(701) 354-2725
Listed by
Derek Brandenburg
(701) 354-2725
Source
Xome
Added: Mar 24 Updated: Jul 21 at 1:41AM Checked: Jul 21 at 3:06AM
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 Exp Realty (3247 Fgo)
Investment Insights
Based on property information with market context.
This flex space is set up for an operator who needs both office space and a larger shop area. The layout includes three finished offices, designed to accommodate up to eight employees, along with two oversized bathrooms, one featuring a shower. The property also has an in-floor heating system to serve the shop area, ductless AC for cooling, and a complete air exchange system.
The offering is listed for sale at 3320 39th Street S, Fargo, ND. Additional details about the remainder of the shop configuration are not provided in the available materials.
If you’d like, I can help draft a targeted tenant/owner use description based on any additional plans or shop dimensions you may have.
The offering is listed for sale at 3320 39th Street S, Fargo, ND. Additional details about the remainder of the shop configuration are not provided in the available materials.
If you’d like, I can help draft a targeted tenant/owner use description based on any additional plans or shop dimensions you may have.
Key Highlights
- Flex property built in 2019 with three finished offices for a comfortable workspace
- Designed for up to 8 employees with guest facilities noted as 3
- Includes two oversized bathrooms, with one bathroom containing a shower
Local Financial Insights For Office B
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 | $93.0k | $18.60 |
| − Vacancy | −$14.9k | −$2.98 |
| EGI | $78.1k | $15.62 |
| − OpEx | −$19.5k | −$3.91 |
| NOI | $58.6k | $11.72 |
5,000 SF · lease $18.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$837.0K
$732.4K – $976.5K
NOI $58,590 @ 7.0% cap · market cap 8.19%
Second Best
Flex RnD
$576.1K
$504.1K – $672.1K
NOI $40,326 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.08M
$949.1K – $1.27M
NOI $75,924 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex property includes three finished offices, two oversized bathrooms, in-floor heating, ductless AC, and an air exchange system.
Where is this flex space located?
The property is located at 3320 39th Street S Fargo, ND.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Flex property built in 2019 with three finished offices for a comfortable workspace; Designed for up to 8 employees with guest facilities noted as 3; Includes two oversized bathrooms, with one bathroom containing a shower
