Flex Shop Condo with Natural Gas
For Sale
Contact for pricing
436 29th Ct. #5 NW, West Fargo, ND 58078
Steel-lined commercial unit with a bathroom, wash tub, floor drain, and natural gas heat.
Property Size2,250 SF
Price / SF$125
Days on Market179
Property Features for 436 29th Ct. #5 NW
General Information
Standard status
Active
Size
2,250 SF
Class
B
Property subtype
Industrial, Mixed Use, Self Storage
Building Details
Year Built
2024
Units
1
Construction
post frame steel
Listing Agency:
Uptown Real Estate
Listed By:
Samantha Johnston · License #40928898
(701) 388-6015
Source:
Crexi
Added: Apr 22
Changed: Oct 1
Last Checked: Oct 16 at 9:22AM
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 Uptown Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,250-square-foot flex shop condo was built in 2024 and features post-frame steel-lined construction. The unit includes natural gas heat, a floor drain, bathroom, and wash tub, providing practical support for shop, storage, and business operations. The layout measures 30 feet by 75 feet, with the possibility of combining two units for additional space.
Optional improvements include a mezzanine, epoxy flooring, upgraded electrical, and air conditioning. The property is located at 436 29th Ct. #5 NW in West Fargo, North Dakota.
Optional improvements include a mezzanine, epoxy flooring, upgraded electrical, and air conditioning. The property is located at 436 29th Ct. #5 NW in West Fargo, North Dakota.
Key Highlights
- 2,250 SF shop condo built in 2024
- 30' x 75' unit layout
- Post‑frame construction with steel‑lined interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,375
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,500
$387.5K
Cap Rate 7%
$276,786
$276.8K
Cap Rate 9%
$215,278
$215.3K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$32.4K $14.40/SF
− Vacancy
−$2.6K −$1.15/SF
EGI
$29.8K $13.25/SF
− OpEx
−$10.4K −$4.64/SF
NOI
$19.4K $8.61/SF
Area
Cass County, ND
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,500
Cap Rate 7%
$276,786
Cap Rate 9%
$215,278
Alternative Uses
Best Use
Flex RnD
$276.8K
$242.2K – $322.9K
NOI $19,375 @ 7.0% cap · market cap 6.89%
Second Best
Warehouse
$228.7K
$200.1K – $266.8K
NOI $16,008 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$415.7K
$363.7K – $485.0K
NOI $29,099 @ 7.0% cap · market cap 10.35%
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
34
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58078, ND
39,161
Population
16,416
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
97%
High-School Grad
39.8 sq mi
ZIP Area
984
Density / Sq Mi
$97,206
Median Household Income
$51,208
Median Earnings
$1,073
Median Rent
$303,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Steel-lined commercial unit with a bathroom, wash tub, floor drain, and natural gas heat.
Where is this flex space located?
The property is located at 436 29th Ct. #5 NW West Fargo, ND.
What is the asking price?
The asking price for this property is $281,250.
What are key features of this property?
This property features: 2,250 SF shop condo built in 2024; 30' x 75' unit layout; Post‑frame construction with steel‑lined interior
