Freestanding Two-Story Office
For Sale
$849,000
4132 53rd Ave S, Fargo, ND 58104
Two-story freestanding office with expansive windows, open concept space, and ample parking.
Property Size3,200 SF
Price / SF$265.31
Days on Market199
Property Features for 4132 53rd Ave S
General Information
Standard status
Active
Size
3,200 SF
Site & Location
Neighborhood
Osgood Neighborhood
Taxes and HOA fees
Annual Taxes
$1,402
Building Details
Stories
2
Listing Agency:
eXp Realty (3240 WF)
Listed By:
Rachel Rogen
(701) 361-5768
Source:
Exprealty
Added: Apr 9
Changed: Oct 14
Last Checked: Oct 23 at 9:10AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Freestanding 3,200 SF, two-story office building featuring a versatile open concept layout. The space is custom-finished to your specifications and designed to take advantage of abundant natural light through expansive windows.
The property is positioned off the 52nd Ave thoroughfare and includes ample parking, supporting convenient day-to-day access for staff and visitors.
As offered for sale, this building is intended for an organization seeking an elegant, flexible office environment with room to tailor finishes to its needs.
The property is positioned off the 52nd Ave thoroughfare and includes ample parking, supporting convenient day-to-day access for staff and visitors.
As offered for sale, this building is intended for an organization seeking an elegant, flexible office environment with room to tailor finishes to its needs.
Key Highlights
- 3,200 SF two‑story freestanding office property
- Open‑concept design with expansive windows for abundant natural light
- Custom‑finished layout can be tailored to buyer specifications
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,498
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,960
$750.0K
Cap Rate 7%
$535,686
$535.7K
Cap Rate 9%
$416,644
$416.6K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$59.5K $18.60/SF
− Vacancy
−$9.5K −$2.98/SF
EGI
$50.0K $15.62/SF
− OpEx
−$12.5K −$3.91/SF
NOI
$37.5K $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%
$749,960
Cap Rate 7%
$535,686
Cap Rate 9%
$416,644
Alternative Uses
Best Use
Office B
$535.7K
$468.7K – $625.0K
NOI $37,498 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.2K
$607.4K – $809.9K
NOI $48,591 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-story freestanding office with expansive windows, open concept space, and ample parking.
Where is this office building located?
The property is located at 4132 53rd Ave S Fargo, ND.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 3,200 SF two‑story freestanding office property; Open‑concept design with expansive windows for abundant natural light; Custom‑finished layout can be tailored to buyer specifications
