Heated Shop Condo with Overhead
For Sale
$295,000
5136 50th Avenue South, Fargo, ND 58104
Shop condo includes a heated interior, a 14' x 12' overhead door, floor drain, and a private bathroom.
Property Size1,500 SF
Price / SF$196.67
Days on Market109
Property Features for 5136 50th Avenue South
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Industrial - Storage
Listing Agency:
JBC Commercial Real Estate
(701) 929-6000
Listed By:
Alyssa Lakosky
Source:
Commercialcafe
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 23 at 1:23PM
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 JBC Commercial Real Estate
Investment Insights
Based on property information with market context.
This heated shop condo in the Linn Grove development is designed for practical business or storage use. The unit includes a functional interior layout with a 14' x 12' overhead door for straightforward loading and floor access, along with a floor drain and an on-site bathroom.
Located along a desirable and accessible corridor in South Fargo, the property is set within a development that supports convenient operations.
The unit is offered for sale as a 1,500 SF shop condo and is equipped with key building features for day-to-day work in a warehouse-style environment.
Located along a desirable and accessible corridor in South Fargo, the property is set within a development that supports convenient operations.
The unit is offered for sale as a 1,500 SF shop condo and is equipped with key building features for day-to-day work in a warehouse-style environment.
Key Highlights
- 1,500 SF shop condo in the Linn Grove development
- 14' x 12' overhead door for drive‑in access
- Heated interior
Financial Insights For Warehouse
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 | $16.2k | $10.80 |
| − Vacancy | −$648 | −$0.43 |
| EGI | $15.6k | $10.37 |
| − OpEx | −$2.3k | −$1.56 |
| NOI | $13.2k | $8.81 |
1,500 SF · lease $10.80/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$188.8K
$165.2K – $220.3K
NOI $13,219 @ 7.0% cap · market cap 4.48%
Second Best
Flex RnD
$172.8K
$151.2K – $201.6K
NOI $12,098 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$325.4K
$284.7K – $379.6K
NOI $22,777 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Cosmic Sodas and Sweets — 4280 53rd St S, Fargo, ND 58104
Frequently Asked Questions
What type of property is this?
Flex space - Shop condo includes a heated interior, a 14' x 12' overhead door, floor drain, and a private bathroom.
Where is this flex space located?
The property is located at 5136 50th Avenue South Fargo, ND.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,500 SF shop condo in the Linn Grove development; 14' x 12' overhead door for drive‑in access; Heated interior
