Gated Multi-Building Commercial
For Sale
Contact for pricing
5936 53rd Avenue South, Fargo, ND 58104
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$110
Days on Market146
Property Features for 5936 53rd Avenue South
General Information
Standard status
Active
Size
25,000 SF
Lot size
1.77 Acres
Property subtype
Mixed Use, Self Storage, Special Purpose
Zoning
Commercial
Building Details
Year Built
1997
Year Renovated
2004
Buildings
3
Listing Agency:
Property Resources Group
Listed By:
Dan Hicks · License #ND 7500
(423) 605-0773
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Sep 4 at 8:11AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$220,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,406,400
$4.4M
Cap Rate 7%
$3,147,429
$3.1M
Cap Rate 9%
$2,448,000
$2.4M
Market Conditions
NOI Build-Up for 25,000 SF
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.
Gross rent
$270.0K $10.80/SF
− Vacancy
−$10.8K −$0.43/SF
EGI
$259.2K $10.37/SF
− OpEx
−$38.9K −$1.56/SF
NOI
$220.3K $8.81/SF
Area
Fargo, ND
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,406,400
Cap Rate 7%
$3,147,429
Cap Rate 9%
$2,448,000
Alternative Uses
Best Use
Warehouse
$3.15M
$2.75M – $3.67M
NOI $220,320 @ 7.0% cap · market cap 8.01%
Second Best
Self Storage
$2.90M
$2.54M – $3.38M
NOI $202,860 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$5.42M
$4.75M – $6.33M
NOI $379,620 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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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Frequently Asked Questions
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 $2,750,000.
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
