Flex Warehouse with Climate-Controlled
345 11th St W West Fargo, ND 58078
345 11th St W, West Fargo, ND, 58078
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For Sale
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Built in 2009 with climate-controlled shop, offices, AC, and in-floor heat for versatile tenant use.
Property Size5,000 SF
Price / SF$126
Days on Market49
Property Features for 345 11th St W
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- INDUSTRIAL
Listing Agency
Horizon Real Estate Group
(701) 793-0653
Listed by
Brian Tulibaski, MBA
Source
Moodyscre
Added: Jun 2 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 2:20 am
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 Horizon Real Estate Group
Investment Insights
Based on property information with market context.
This 5,000 SF flex warehouse was built in 2009 and offers a mix of functional shop space and dedicated front office buildout. The property includes a 3,700 SF climate-controlled shop, with AC and in-floor heat, and 18' side walls to support a variety of light industrial and service uses. Two overhead doors provide warehouse access. The remaining 1,300 SF is devoted to offices, featuring a reception area, three offices, two restrooms, and a kitchenette.
The building is located at 345 11th St W in West Fargo, North Dakota and is zoned HC. With both warehouse and office improvements already in place, the configuration is suited to users that need customer-facing space alongside controlled production or storage.
For tenants or owner-users seeking a single property that can accommodate operations and administration under one roof, the climate-controlled shop and established office layout are key advantages. The on-site conference room adds an additional area for meetings and client discussions, while the two overhead doors and ceiling height support practical day-to-day loading and workflow.
The building is located at 345 11th St W in West Fargo, North Dakota and is zoned HC. With both warehouse and office improvements already in place, the configuration is suited to users that need customer-facing space alongside controlled production or storage.
For tenants or owner-users seeking a single property that can accommodate operations and administration under one roof, the climate-controlled shop and established office layout are key advantages. The on-site conference room adds an additional area for meetings and client discussions, while the two overhead doors and ceiling height support practical day-to-day loading and workflow.
Key Highlights
- 5,000 SF building built in 2009 with HC zoning
- 3,700 SF climate‑controlled shop with AC and in‑floor heat
- 1,300 SF front office area with reception, 3 offices, and 2 restrooms
Local Financial Insights For Flex RnD
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 | $72.0k | $14.40 |
| − Vacancy | −$5.8k | −$1.15 |
| EGI | $66.2k | $13.25 |
| − OpEx | −$23.2k | −$4.64 |
| NOI | $43.1k | $8.61 |
5,000 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$615.1K
$538.2K – $717.6K
NOI $43,056 @ 7.0% cap · market cap 6.83%
Second Best
Warehouse
$508.2K
$444.7K – $592.9K
NOI $35,573 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$923.8K
$808.3K – $1.08M
NOI $64,665 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Built in 2009 with climate-controlled shop, offices, AC, and in-floor heat for versatile tenant use.
Where is this flex space located?
The property is located at 345 11th St W West Fargo, ND.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 5,000 SF building built in 2009 with HC zoning; 3,700 SF climate‑controlled shop with AC and in‑floor heat; 1,300 SF front office area with reception, 3 offices, and 2 restrooms
