Freestanding Open-Concept Office
For Sale
$549,000
4084 53rd Ave S, Fargo, ND 58104
Freestanding office with open layout, expansive windows for natural light, and ample parking.
Property Size1,400 SF
Price / SF$392.14
Days on Market207
Property Features for 4084 53rd Ave S
General Information
Standard status
Active
Size
1,400 SF
Site & Location
Neighborhood
The District Neighborhood
Taxes and HOA fees
Annual Taxes
$1,089
Listing Agency:
eXp Realty (3240 WF)
Listed By:
Rachel Rogen
(701) 361-5768
Source:
Exprealty
Added: Apr 9
Changed: Oct 26
Last Checked: Oct 30 at 2:50PM
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 (3240 WF)
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Investment Insights
Based on property information with market context.
This freestanding commercial property offers a versatile, open-concept interior designed for customization to your specifications. The space is finished to support an adaptable work environment, and it features expansive windows that bring in abundant natural light.
Located at 4084 53rd Ave S in Fargo, the property sits off the 52nd Ave thoroughfare and includes ample parking to support convenient access for employees and visitors.
With its open layout and light-filled design, the property provides a strong foundation for an office user seeking a refined, configurable space.
Located at 4084 53rd Ave S in Fargo, the property sits off the 52nd Ave thoroughfare and includes ample parking to support convenient access for employees and visitors.
With its open layout and light-filled design, the property provides a strong foundation for an office user seeking a refined, configurable space.
Key Highlights
- 1,400 SF freestanding office with a versatile, open‑concept layout
- Expansive windows for abundant natural light
- Custom‑finished to your specifications
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,405
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,100
$328.1K
Cap Rate 7%
$234,357
$234.4K
Cap Rate 9%
$182,278
$182.3K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$26.0K $18.60/SF
− Vacancy
−$4.2K −$2.98/SF
EGI
$21.9K $15.62/SF
− OpEx
−$5.5K −$3.91/SF
NOI
$16.4K $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 Rate 5%
$328,100
Cap Rate 7%
$234,357
Cap Rate 9%
$182,278
Alternative Uses
Best Use
Office B
$234.4K
$205.1K – $273.4K
NOI $16,405 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.7K
$265.7K – $354.3K
NOI $21,259 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Freestanding office with open layout, expansive windows for natural light, and ample parking.
Where is this office unit located?
The property is located at 4084 53rd Ave S Fargo, ND.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,400 SF freestanding office with a versatile, open‑concept layout; Expansive windows for abundant natural light; Custom‑finished to your specifications
