Flex Space with Climate-Controlled
For Sale
Contact for pricing
349 11TH ST W, West Fargo, ND 58078
Office and shop configuration supports contractor, light industrial, service, or showroom operations.
Property Size5,000 SF
Price / SF$126
Days on Market163
Property Features for 349 11TH ST W
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Zoning
HC
Investment Type
Owner/User
Additional Details
Conditioned Warehouse
Yes
Building Details
Year Built
2009
Buildings
1
Listing Agency:
Horizon Real Estate Group
Listed By:
Brian Tulibaski · License #ND: 9607
(701) 793-0653
Source:
Crexi
Added: Apr 27
Changed: Oct 2
Last Checked: Oct 5 at 6:53PM
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-square-foot flex property combines finished office space with a climate-controlled shop. The shop area measures 3,700 square feet and includes air conditioning, in-floor heat, two overhead doors, and 18-foot side walls. The front office component totals 1,300 square feet and includes a reception area, three private offices, two restrooms, and a kitchenette. A separate 1,100-square-foot conference room adds substantial meeting and collaboration space.
Located at 349 11th St W in West Fargo, North Dakota, the property offers a practical combination of administrative, shop, and conference areas within one facility. The configuration is suited to contractor, light industrial, service, and showroom users.
Located at 349 11th St W in West Fargo, North Dakota, the property offers a practical combination of administrative, shop, and conference areas within one facility. The configuration is suited to contractor, light industrial, service, and showroom users.
Key Highlights
- 3,700‑square‑foot climate‑controlled shop with AC and in‑floor heat
- Two overhead doors and 18' side walls
- 1,300 square feet of front office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,056
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,120
$861.1K
Cap Rate 7%
$615,086
$615.1K
Cap Rate 9%
$478,400
$478.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$72.0K $14.40/SF
− Vacancy
−$5.8K −$1.15/SF
EGI
$66.2K $13.25/SF
− OpEx
−$23.2K −$4.64/SF
NOI
$43.1K $8.61/SF
Area
Cass County, ND
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,120
Cap Rate 7%
$615,086
Cap Rate 9%
$478,400
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58078, ND
39,161
Population
16,416
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
97%
High-School Grad
39.8 sq mi
ZIP Area
984
Density / Sq Mi
$97,206
Median Household Income
$51,208
Median Earnings
$1,073
Median Rent
$303,200
Median Home Value
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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?
Flex space - Office and shop configuration supports contractor, light industrial, service, or showroom operations.
Where is this flex space located?
The property is located at 349 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: 3,700‑square‑foot climate‑controlled shop with AC and in‑floor heat; Two overhead doors and 18' side walls; 1,300 square feet of front office space
