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Property profile & analytics
OFF-MARKET
Distribution centers

610 University Dr Fargo, ND 58102

21,087 SF Built 1941
Property ID
US56-0746313
Property summary
AI-generated overview

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 profile
Verified
Property type Distribution centers
Year built 1941
Total area 21,087 SF
APN 01-2340-00020-000
UPID US56-0746313
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nice Barber Company Barber Shop
  • Fargo Brewing Company Production Facility Brewery & Distillery
  • Nova Eatery Restaurant
  • Fargo Craft Coalition Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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