Heated Flex Shop
For Sale
$243,000
5-5598 13th Ave N, Fargo, ND 58102
Truck and trailer access supports business operations, storage, and personal shop use.
Property Size1,800 SF
Price / SF$135
Days on Market9
Property Features for 5-5598 13th Ave N
General Information
Standard status
Active
Size
1,800 SF
Additional Details
Asking Price
$250,000
Amenities
24/7 security camera monitoring
Listing Agency:
Raboin Realty
Listed By:
Dan Coombe
(701) 929-1188
Source:
Exprealty
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 21 at 2:35AM
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 Raboin Realty
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.
Heated shop condominium space is available for purchase or lease in North Fargo. Each unit offers 1,800 SF, large overhead doors, and 24/7 security camera monitoring. The property is described as well-maintained and accommodates business activity, equipment or vehicle storage, and personal shop use.
Located at 5-5598 13th Ave N in Fargo, the property provides access for trucks and trailers.
Located at 5-5598 13th Ave N in Fargo, the property provides access for trucks and trailers.
Key Highlights
- 1,800 SF shop condos available for sale or lease
- Heated units with large overhead doors
- 24/7 security camera monitoring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,863
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,260
$317.3K
Cap Rate 7%
$226,614
$226.6K
Cap Rate 9%
$176,256
$176.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$19.4K $10.80/SF
− Vacancy
−$778 −$0.43/SF
EGI
$18.7K $10.37/SF
− OpEx
−$2.8K −$1.56/SF
NOI
$15.9K $8.81/SF
Area
Fargo, ND
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,260
Cap Rate 7%
$226,614
Cap Rate 9%
$176,256
Alternative Uses
Best Use
Warehouse
$226.6K
$198.3K – $264.4K
NOI $15,863 @ 7.0% cap · market cap 6.53%
Second Best
Flex RnD
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$390.5K
$341.7K – $455.6K
NOI $27,333 @ 7.0% cap · market cap 11.25%
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
225
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Truck and trailer access supports business operations, storage, and personal shop use.
Where is this flex space located?
The property is located at 5-5598 13th Ave N Fargo, ND.
What is the asking price?
The asking price for this property is $243,000.
What are key features of this property?
This property features: 1,800 SF shop condos available for sale or lease; Heated units with large overhead doors; 24/7 security camera monitoring
