Broadway Frontage Retail
508 Broadway N Fargo, ND 58102
508 Broadway N, Fargo, ND, 58102
$790,000
For Sale
$790,000
Retail property with Broadway frontage, individual entrances, and separate bathrooms and utilities across multiple units.
Property Size4,680 SF
Price / SF$168.80
Days on Market147
Property Features for 508 Broadway N
General Information
- Standard status
- Active
- Size
- 4,680 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1914
Listing agency
252663
(218) 766-3044
Listed by
Justin Dukek
(218) 766-3044
Source
Xome
Added: Feb 24 Updated: Jul 21 at 11:57AM Checked: Jul 21 at 11:57AM
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 252663
Investment Insights
Based on property information with market context.
This Broadway retail property in Fargo’s Renaissance Zone offers multiple small-format options with direct individual access. The building provides separate bathrooms and utility services for the spaces, supporting a range of business uses that can operate independently.
The site has four Broadway-addressed entries plus one additional access point to NP Ave, giving tenants flexible frontage and entry configurations depending on their suite selection.
Overall, the property is positioned as a storefront-style investment with on-site individuality for each unit, combining Broadway visibility with direct entry and self-contained restroom and utility provisions where applicable.
The site has four Broadway-addressed entries plus one additional access point to NP Ave, giving tenants flexible frontage and entry configurations depending on their suite selection.
Overall, the property is positioned as a storefront-style investment with on-site individuality for each unit, combining Broadway visibility with direct entry and self-contained restroom and utility provisions where applicable.
Key Highlights
- Located in Fargo’s Renaissance Zone on Broadway.
- Retail property with Broadway frontage and small footprint options.
- Multiple units with direct individual access and separate entrances.
Local Financial Insights For Retail
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 | $70.2k | $15.00 |
| − Vacancy | −$4.2k | −$0.90 |
| EGI | $66.0k | $14.10 |
| − OpEx | −$19.8k | −$4.23 |
| NOI | $46.2k | $9.87 |
4,680 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$659.9K
$577.4K – $769.9K
NOI $46,192 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$888.3K – $1.18M
NOI $71,065 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Peacock Mural
Painting
Blue Eyed Girl ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail property with Broadway frontage, individual entrances, and separate bathrooms and utilities across multiple units.
Where is this storefront property located?
The property is located at 508 Broadway N Fargo, ND.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Located in Fargo’s Renaissance Zone on Broadway.; Retail property with Broadway frontage and small footprint options.; Multiple units with direct individual access and separate entrances.
