Gated Multi-Building Commercial
5936 53rd Avenue South Fargo, ND 58104
5936 53rd Avenue South, Fargo, ND, 58104
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For Sale
Contact for pricing
Gated, multi-building property with a recently renovated front office/retail/showroom and extensive paved area.
Property Size25,000 SF
Lot Size1.77 Acres
Price / SF$116
Days on Market100
Property Features for 5936 53rd Avenue South
General Information
- Standard status
- Active
- Size
- 25,000 SF
- Lot size
- 1.77 Acres
- Property subtype
- Special Purpose, Self Storage, Mixed Use
Building Details
- Year Built
- 1997
Listing agency
Property Resources Group
(423) 605-0773
Listed by
Dan Hicks · License #ND 7500
Source
Crexi
Added: Apr 13 Updated: Jul 20 at 6:59PM Checked: Jul 20 at 6:59PM
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 Property Resources Group
Investment Insights
Based on property information with market context.
This one-of-a-kind, gated commercial facility includes three buildings totaling approximately 25,000 SF on 1.77 acres of land. The property also features over 25,000 SF of pavement, providing substantial outside area for practical operations.
The front building offers approximately 7,500 SF of recently renovated space configured for office, retail, and showroom use.
Located at 5936 53rd Avenue South in Fargo, ND, the combination of enclosed building space and large paved area supports flexible commercial use within a controlled, gated setting.
The front building offers approximately 7,500 SF of recently renovated space configured for office, retail, and showroom use.
Located at 5936 53rd Avenue South in Fargo, ND, the combination of enclosed building space and large paved area supports flexible commercial use within a controlled, gated setting.
Key Highlights
- Three‑building gated commercial property totaling approx. 25,000 SF on 1.77 AC
- Front building includes approx. 7,500 SF of recently renovated office, retail, and showroom space
- More than 25,000 SF of pavement on‑site
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 | $375.0k | $15.00 |
| − Vacancy | −$22.5k | −$0.90 |
| EGI | $352.5k | $14.10 |
| − OpEx | −$105.8k | −$4.23 |
| NOI | $246.8k | $9.87 |
25,000 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.19M
$3.66M – $4.88M
NOI $292,950 @ 7.0% cap · market cap 10.10%
Second Best
Retail
$3.52M
$3.08M – $4.11M
NOI $246,750 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$5.42M
$4.75M – $6.33M
NOI $379,620 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Home Design and Supply
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Gated, multi-building property with a recently renovated front office/retail/showroom and extensive paved area.
Where is this self storage facility located?
The property is located at 5936 53rd Avenue South Fargo, ND.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Three‑building gated commercial property totaling approx. 25,000 SF on 1.77 AC; Front building includes approx. 7,500 SF of recently renovated office, retail, and showroom space; More than 25,000 SF of pavement on‑site
