North Fargo Shop Condo For
For Sale
Contact for pricing
Pending
4102 14th Ave N, Fargo, ND 58102
Shop condo with office space, mezzanine, and overhead door.
Property Size1,920 SF
Days on Market249
Property Features for 4102 14th Ave N
General Information
Standard status
Pending
Size
1,920 SF
Property subtype
Industrial, Office, Special Purpose
Building Details
Year Built
2015
Units
1
Listing Agency:
KW Commercial Fargo-Moorhead
Listed By:
Jason Harmon · License #ND
Source:
Crexi
Added: Jan 29
Changed: Sep 20
Last Checked: Oct 4 at 9:26AM
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 KW Commercial Fargo-Moorhead
Investment Insights
Based on property information with market context.
This North Fargo shop condo for sale features 1,384 square feet of shop space and 536 square feet of office space. The office area includes two offices, a reception area, and a bathroom. A mezzanine provides additional storage or office space. The property also includes a 14-foot overhead door and extra parking on the south side of the unit. The total property size is 1,920 square feet.
Key Highlights
- 1,384 sqft of shop space and 536 sqft of office space
- Includes 2 offices, reception area, and bathroom
- Features a 14 foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,485
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,700
$309.7K
Cap Rate 7%
$221,214
$221.2K
Cap Rate 9%
$172,056
$172.1K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$25.3K $13.20/SF
− Vacancy
−$1.5K −$0.79/SF
EGI
$23.8K $12.41/SF
− OpEx
−$8.3K −$4.34/SF
NOI
$15.5K $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%
$309,700
Cap Rate 7%
$221,214
Cap Rate 9%
$172,056
Alternative Uses
Best Use
Flex RnD
$221.2K
$193.6K – $258.1K
NOI $15,485 @ 7.0% cap · market cap 5.00%
Second Best
Industrial
$187.0K
$163.7K – $218.2K
NOI $13,092 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$416.5K
$364.4K – $485.9K
NOI $29,155 @ 7.0% cap · market cap 9.40%
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
233
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
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
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Frequently Asked Questions
What type of property is this?
Flex space - Shop condo with office space, mezzanine, and overhead door.
Where is this flex space located?
The property is located at 4102 14th Ave N Fargo, ND.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,384 sqft of shop space and 536 sqft of office space; Includes **2 offices, reception area, and bathroom**; Features a **14 foot overhead door**
