New Shop Condo
5590 13th Ave N Fargo, ND 58102
For Sale
Contact for pricing
Newly constructed 30-by-60 shop condo with 14-by-14 overhead door, floor drain, bathroom, and natural gas heat.
Property Size1,800 SF
Price / SF$138.83
Days on Market104
Property Features for 5590 13th Ave N
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Industrial, Self Storage
Building Details
- Year Built
- 2025
Listing Agency:
Raboin Realty
Listed By:
Dan Coombe · License #11864
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 23 at 8:08AM
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
Investment Insights
Based on property information with market context.
Newly constructed 30x60 shop condo/warehouse space offered for sale or lease. The unit is designed for functional light industrial use with steel-lined walls, a bathroom, a floor drain, and natural gas heat. Access is provided by a 14x14 overhead door opening.
The property is located at 5590 13th Ave N in Fargo, ND, and is described as being close to everything Fargo has to offer.
Owner/Agent indicates the building is a shop condo/warehouse configuration with the listed site and unit improvements suitable for a clean, newly built workspace.
The property is located at 5590 13th Ave N in Fargo, ND, and is described as being close to everything Fargo has to offer.
Owner/Agent indicates the building is a shop condo/warehouse configuration with the listed site and unit improvements suitable for a clean, newly built workspace.
Key Highlights
- Newly constructed 30x60 (1,800 SF) shop condo/warehouse space
- 14x14 overhead door openings for easy loading and access
- Each unit includes steel‑lined walls
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 | $19.4k | $10.80 |
| − Vacancy | −$778 | −$0.43 |
| EGI | $18.7k | $10.37 |
| − OpEx | −$2.8k | −$1.56 |
| NOI | $15.9k | $8.81 |
1,800 SF · lease $10.80/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$226.6K
$198.3K – $264.4K
NOI $15,863 @ 7.0% cap · market cap 6.35%
Second Best
Flex RnD
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$390.5K
$341.7K – $455.6K
NOI $27,333 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Newly constructed 30-by-60 shop condo with 14-by-14 overhead door, floor drain, bathroom, and natural gas heat.
Where is this flex space located?
The property is located at 5590 13th Ave N Fargo, ND.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Newly constructed 30x60 (1,800 SF) shop condo/warehouse space; 14x14 overhead door openings for easy loading and access; Each unit includes steel‑lined walls
