Freestanding Office
For Sale
$849,000
4132 53rd Avenue S, Fargo, ND 58104
Commercial Sale, Fargo, ND
Property Size3,200 SF
Lot Size0.16 Acres
Price / SF$265.31
Days on Market185
Property Features for 4132 53rd Avenue S
General Information
Property type
Commercial Sale
Property subtype
Office
Property condition
Under Construction
Zoning description
Business/Commercial
Parking features
Parking Lot
Subdivision
The Pines At The District 4th
High school district
Fargo
Directions
From I29 head west on 52nd Ave and it is just west of Walmart and south of 52nd Ave
Standard status
Active
APN
01886100200012
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1403
Utilities
Heating system
Forced Air
Building Details
Year built
2026
Roof type
Metal
Listing Agency:
eXp Realty (3240 WF)
(701) 361-5768
Listed By:
Michelle Larson-Hoppe
(612) 751-9303
Added: Apr 9
Changed: Oct 8
Last Checked: Oct 10 at 11:06AM
MLS# 7052681
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Under construction for completion in 2026, this freestanding, two-story office building is planned with an open-concept interior and custom finishes. Expansive windows are included, and the building is designed with forced-air heating and a metal roof.
The 0.157-acre property is at 4132 53rd Avenue S in Fargo. A parking lot is included on site.
The 0.157-acre property is at 4132 53rd Avenue S in Fargo. A parking lot is included on site.
Key Highlights
- Two‑story freestanding office building under construction
- 0.157‑acre site at 4132 53rd Avenue S in Fargo
- Open‑concept interior with custom finishes to 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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
176
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
Check the figures for this property
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?
Office building - The two-story layout is planned with an open interior and custom finishes selected to specifications.
Where is this office building located?
The property is located at 4132 53rd Avenue 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: Two‑story freestanding office building under construction; 0.157‑acre site at 4132 53rd Avenue S in Fargo; Open‑concept interior with custom finishes to specifications
