Freestanding Two-Story Office
4132 53rd Ave S Fargo, ND 58104
For Sale
$849,000
Two-story freestanding office with expansive windows, open concept space, and ample parking.
Property Size3,200 SF
Price / SF$265.31
Days on Market106
Property Features for 4132 53rd Ave S
General Information
- Standard status
- Active
- Size
- 3,200 SF
Listing Agency:
eXp Realty (3240 WF)
(701) 361-5768
Listed By:
Rachel Rogen
(701) 361-5768
Source:
Exprealty
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 24 at 3:16PM
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)
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 For Office B
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 | $59.5k | $18.60 |
| − Vacancy | −$9.5k | −$2.98 |
| EGI | $50.0k | $15.62 |
| − OpEx | −$12.5k | −$3.91 |
| NOI | $37.5k | $11.72 |
3,200 SF · lease $18.60/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
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
