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For sale
Office Units
ND
Fargo
58103
827 28th St S Suite B

South Fargo Office Suite Available

827 28th St S Suite B, Fargo, ND 58103

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For Sale

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Office suite for sale in South Fargo near 13th Avenue.

Type:Office

Property size:

3,200 SF

Price / SF:

$165/SF

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and status of this listing

Paul Campbell

Real Estate License ID: ND 10554

HighLights

Rare opportunity to own an office suite in South Fargo in this size and price range.
Located near busy 13th Avenue and 25th Street with numerous professional and retail businesses nearby.
3,200 SF uniquely designed office building.
Over a dozen rooms for offices and conference rooms, work areas, and private restrooms.
Front door parking, adequate parking, and direct exterior access.
Association handles snow removal and lawncare.

For Sale

Contact for pricing

Office suite for sale in South Fargo near 13th Avenue.

Type:Office

Property size:

3,200 SF

Price / SF:

$165/SF

Added:: Jul 24, 2024
Days on Market:: 714
Last Refresh:: Jul 4 at 1:44 pm

Property Features for 827 28th St S Suite B

General Information

Standard status: Active
Size: 3,200 SF
Property subtype: Office

Building Details

Year Built: 1989

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Contact an agent

Paul Campbell

Listing office Goldmark Commercial Real Estate Inc

Listing date Jul 24, 2024

Source Crexi

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 Goldmark Commercial Real Estate Inc

HighLights

Rare opportunity to own an office suite in South Fargo in this size and price range.
Located near busy 13th Avenue and 25th Street with numerous professional and retail businesses nearby.
3,200 SF uniquely designed office building.
Over a dozen rooms for offices and conference rooms, work areas, and private restrooms.
Front door parking, adequate parking, and direct exterior access.
Association handles snow removal and lawncare.

Overview

This 3,200 square foot office suite is located in South Fargo, near 13th Avenue and 25th Street, with proximity to professional and retail businesses. The uniquely designed office building features front door parking and direct exterior access. The interior includes a reception area, over a dozen rooms suitable for offices and conference rooms, work areas, and private restrooms. Numerous improvements have been made since 2018. The association handles snow removal and lawncare. This property presents an opportunity for an owner-occupier or investor.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$59.5k	$18.60
− Vacancy	−$9.5k	−$2.98
EGI	$50.0k	$15.62
− OpEx	−$12.5k	−$3.91
NOI	$37.5k	$11.72

3,200 SF · lease $18.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$535.7K

$468.7K – $625.0K (±1% cap)

NOI $37,498 @ 7.0% cap · market cap 7.08%

Second Best

—

no second resolved use

Theoretical Best

Office A

$694.2K

$607.4K – $809.9K (±1% cap)

NOI $48,591 @ 7.0% cap · market cap 9.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Corwin Family Dentistry Dental Office Brant David G ... Dental Office Advanced Dental Technology ... Dental Office Megan L. Neppl, ... Physician Professional Insurance Agents Insurance Agency

Suggested Use

Location Insight

Map
Local Demand

City: Fargo
County: Cass
State: North Dakota
Longitude: -96.8255353
Latitude: 46.8657154

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For sale
Office Units
ND
Fargo
58103
827 28th St S Suite B

What type of property is this?

Office units - Office suite for sale in South Fargo near 13th Avenue.

Where is this office units located?

The property is located at 827 28th St S Suite B Fargo, ND.

What is the asking price?

The asking price for this property is $530,000.

What are key features of this property?

This property features: Rare opportunity to own an office suite in South Fargo in this size and price range.; Located near busy 13th Avenue and 25th Street with numerous professional and retail businesses nearby.; **3,200 SF uniquely designed office building.**