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 Market191
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: Oct 12
Last Checked: Oct 19 at 7:19AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$220,320
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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
