512 1st Ave N Fargo, ND
Historic downtown property available for rent in Fargo, North Dakota.
Property Features for 512 1st Ave N
General Information
- Standard status
- Active
- Size
- 2,025 SF
- Lot size
- 0.05 Acres
- Property subtype
- OFFICE
Listing office Archer Real Estate Services (701) 356-5099
Listing date May 29, 2025
Source Moodyscre
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 Archer Real Estate Services
Investment Insights
Based on property information with market context.
Key Highlights
- Historic downtown property.
- Located in Fargo's Renaissance Zone.
- Zoned DMU (Downtown Mixed Use).
Local 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 | $37.7k | $18.60 |
| − Vacancy | −$6.0k | −$2.98 |
| EGI | $31.6k | $15.62 |
| − OpEx | −$7.9k | −$3.91 |
| NOI | $23.7k | $11.72 |
