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    610 University Dr Fargo, ND 58102

    Sponsored
    For Sale
    $2,950,000

    21,087 SF Warehouse, NNN Lease, Vacant

    Property size:
    21,087 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 21,087-square-foot warehouse, located at 610 N University Dr in Fargo, ND, presents a unique investment opportunity. Built in 1941 and extensively renovated in 2021 ($1.5 million in improvements), this single-story building sits on a 67,528-square-foot lot (APN: 01-2340-00020-000) and boasts prime visibility on a major arterial road. The property features one loading dock with one dock-high door, four overhead doors, and six aluminum exterior doors. Interior improvements include new bathrooms, new windows throughout, and a complete interior fit-up. Exterior enhancements include a new asphalt parking lot, storm sewer, concrete sidewalks and stoops, a 6" split face retaining wall, landscaping, and an irrigation system. The building also includes a perimeter fence, exterior paint, a fire suppression system, tankless water heaters, a boiler, four rooftop air handling units, and two mini-splits. Utilities include a 6" water main. Environmental remediation has been completed, addressing a former diesel tank and contaminated soil, as well as asbestos abatement. Zoned General Commercial (GC), this vacant property is available for a NNN lease at an asking price of $2,950,000. The property's location offers unparalleled access to downtown Fargo and North Dakota State University, ensuring high foot traffic and a vibrant neighborhood atmosphere.

    Property Features for 610 University Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    21,087 SF

    Building Details

    Year Built/Renovated
    1941/2021
    Buildings
    1
    Stories
    1

    HighLights

    • High visibility location.
    • Corner lot.
    • Fully remodeled in 2021.
    • Asphalt parking lot with storm sewer system.
    • Six‑inch water main.
    • Concrete sidewalks and stoops.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nice Barber Company Barber Shop Fargo Brewing Company Brewery Nova Eatery Restaurant Fargo Craft Coalition Brewery

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.79922382
    Latitude
    46.88322819

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    FAQs

    What type of property is this?
    Distribution property - 21,087 SF Warehouse, NNN Lease, Vacant
    Where is this distribution property located?
    The property is located at 610 University Dr Fargo, ND.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: High visibility location.; Corner lot.; Fully remodeled in 2021.
    Request Owner's contact information
    610 University Dr Fargo, ND 58102
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    Fargo, ND 58102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    610 University Dr Fargo, ND 58102
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