Office-Configured Flex
New
For Sale
$650,000
Pending
3320 39th Street S, Fargo, ND 58104
Three finished offices and two full bathrooms support a combined work and shop environment.
Property Size5,000 SF
Days on Market7
Property Features for 3320 39th Street S
General Information
Standard status
Pending
Size
5,000 SF
Zoning
Business/Commercial
Site & Location
Neighborhood
Pointe West Neighborhood
Taxes and HOA fees
Annual Taxes
$9,493
Amenities
3 finished offices
2 oversized bathrooms with one containing a shower
in-floor heating
ductless AC
complete air exchange system
Natural Gas
No
14
Building
City Water/Connected
12144
339 x 500
4800
Parking Lot
5000
Building Details
Building Size
5,000 SF
Year Built
2019
Listing Agency:
(612) 656-1200
Listed By:
Wendy Wolter
Source:
Imetroproperty
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 31 at 2:15AM
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 Wendy Wolter
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,000-square-foot flex property in Fargo, North Dakota, was built in 2019 and includes three finished offices alongside a large shop area. Two oversized bathrooms serve the space, with a shower in one. In-floor heating, ductless air conditioning, and a complete air exchange system are installed. The property is zoned Business/Commercial.
Key Highlights
- 5,000‑square‑foot flex property built in 2019
- Three finished offices configured for an eight‑person work environment
- Two oversized bathrooms, one with a shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,326
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,520
$806.5K
Cap Rate 7%
$576,086
$576.1K
Cap Rate 9%
$448,067
$448.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$66.0K $13.20/SF
− Vacancy
−$4.0K −$0.79/SF
EGI
$62.0K $12.41/SF
− OpEx
−$21.7K −$4.34/SF
NOI
$40.3K $8.07/SF
Area
Fargo, ND
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,520
Cap Rate 7%
$576,086
Cap Rate 9%
$448,067
Alternative Uses
Best Use
Flex RnD
$576.1K
$504.1K – $672.1K
NOI $40,326 @ 7.0% cap · market cap 6.20%
Second Best
Industrial
$487.1K
$426.2K – $568.2K
NOI $34,094 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.08M
$949.1K – $1.27M
NOI $75,924 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58104, ND
48,150
Population
21,847
Households
2.2
Avg Household Size
32
Median Age
49%
College-Educated
98%
High-School Grad
28.0 sq mi
ZIP Area
1,720
Density / Sq Mi
$85,014
Median Household Income
$51,148
Median Earnings
$1,087
Median Rent
$346,100
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
Frequently Asked Questions
What type of property is this?
Flex space - Three finished offices and two full bathrooms support a combined work and shop environment.
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 $650,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex property built in 2019; Three finished offices configured for an eight‑person work environment; Two oversized bathrooms, one with a shower
