Office Suite Center with
For Sale
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3320 Westrac Dr S, Fargo, ND 58103
Westrac Business Center offers office suites with ample onsite parking and easy access to major roads.
Property Size33,319 SF
Price / SF$159.07
Days on Market287
Property Features for 3320 Westrac Dr S
General Information
Standard status
Active
Size
33,319 SF
Property subtype
OFFICE
Additional Details
Business Included
No
Highway Access
Yes
Listing Agency:
JBC Commercial
(701) 929-6000
Listed By:
Karsten Broadley
(218) 431-0537
Source:
Moodyscre
Added: Dec 3, 2025
Changed: Sep 4
Last Checked: Sep 15 at 8:35AM
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 JBC Commercial
Investment Insights
Based on property information with market context.
Westrac Business Center offers a variety of office suites designed to accommodate different office users. The property is configured for suite-level occupancy, making it suitable for businesses seeking dedicated office space within a multi-suite office environment.
Located in Fargo, ND, the center provides easy access to Main Avenue, 13th Avenue, and I-29. Ample onsite parking is available for employees and clients.
This is a for-sale office property featuring multiple available suites in a centrally located business center setting.
Located in Fargo, ND, the center provides easy access to Main Avenue, 13th Avenue, and I-29. Ample onsite parking is available for employees and clients.
This is a for-sale office property featuring multiple available suites in a centrally located business center setting.
Key Highlights
- Westrac Business Center offers a variety of office suites for different office‑user needs
- Centrally located with easy access to Main Avenue, 13th Avenue, and I‑29
- Ample on‑site parking available for tenants and clients
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$390,432
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,808,640
$7.8M
Cap Rate 7%
$5,577,600
$5.6M
Cap Rate 9%
$4,338,133
$4.3M
Market Conditions
NOI Build-Up for 33,319 SF
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.
Gross rent
$619.7K $18.60/SF
− Vacancy
−$99.2K −$2.98/SF
EGI
$520.6K $15.62/SF
− OpEx
−$130.1K −$3.91/SF
NOI
$390.4K $11.72/SF
Area
Fargo, ND
Vacancy
16.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,808,640
Cap Rate 7%
$5,577,600
Cap Rate 9%
$4,338,133
Alternative Uses
Best Use
Office B
$5.58M
$4.88M – $6.51M
NOI $390,432 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.23M
$6.32M – $8.43M
NOI $505,942 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 58103, ND
46,754
Population
25,241
Households
1.9
Avg Household Size
36
Median Age
37%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
4,066
Density / Sq Mi
$57,699
Median Household Income
$38,241
Median Earnings
$831
Median Rent
$239,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Westrac Business Center offers office suites with ample onsite parking and easy access to major roads.
Where is this office units located?
The property is located at 3320 Westrac Dr S Fargo, ND.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Westrac Business Center offers a variety of office suites for different office‑user needs; Centrally located with easy access to Main Avenue, 13th Avenue, and I‑29; Ample on‑site parking available for tenants and clients
