Professional Office Unit with
New
For Sale
$669,000
520 Oak Ridge Way East, West Fargo, ND 58078
A 2018-built workspace offers private offices, flexible work areas and a conference room for professional services.
Property Size3,120 SF
Price / SF$214.42
Days on Market2
Property Features for 520 Oak Ridge Way East
General Information
Standard status
Active
Size
3,120 SF
Class
A
Property subtype
Office - General Office
Amenities
conference room
flexible workspaces
two-story vaulted entryway
restrooms
shower
in-floor heat
natural light
outdoor patio
Building Details
Building Size
3,120 SF
Year Built
2018
Units
1
Listing Agency:
Horizon Real Estate Group
Listed By:
Brian Tulibaski · License #ND:9607
(701) 793-0653
Source:
Commercialcafe
Added: Oct 4
Last Checked: Oct 4 at 2:13PM
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 Horizon Real Estate Group
Investment Insights
Based on property information with market context.
This 3,120-square-foot office property in West Fargo was built in 2018. Its layout includes 7 private offices, flexible work areas and a conference room, with a two-story vaulted entry. The building also has two restrooms, one equipped with a shower, in-floor heat, natural light and an outdoor patio.
At 520 Oak Ridge Way East, the property sits between Veterans Boulevard and Sheyenne Street, just off 32nd Avenue South. Shopping, dining and residential neighborhoods are nearby, with access to commercial corridors and the broader Fargo-Moorhead metro area.
At 520 Oak Ridge Way East, the property sits between Veterans Boulevard and Sheyenne Street, just off 32nd Avenue South. Shopping, dining and residential neighborhoods are nearby, with access to commercial corridors and the broader Fargo-Moorhead metro area.
Key Highlights
- 3,120‑square‑foot office property built in 2018
- 7 private offices, flexible work areas and a conference room
- Two‑story vaulted entry and outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,442
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,840
$408.8K
Cap Rate 7%
$292,029
$292.0K
Cap Rate 9%
$227,133
$227.1K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$38.9K $12.48/SF
− Vacancy
−$11.7K −$3.74/SF
EGI
$27.3K $8.74/SF
− OpEx
−$6.8K −$2.18/SF
NOI
$20.4K $6.55/SF
Area
Cass County, ND
Vacancy
30.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,840
Cap Rate 7%
$292,029
Cap Rate 9%
$227,133
Alternative Uses
Best Use
Office B
$292.0K
$255.5K – $340.7K
NOI $20,442 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$576.4K
$504.4K – $672.5K
NOI $40,351 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - A 2018-built workspace offers private offices, flexible work areas and a conference room for professional services.
Where is this office units located?
The property is located at 520 Oak Ridge Way East West Fargo, ND.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 3,120‑square‑foot office property built in 2018; 7 private offices, flexible work areas and a conference room; Two‑story vaulted entry and outdoor patio
