2202 5th Ave N, Fargo, ND 58102
Large land parcel with warehouse and office space.
- Added:
- Aug 22, 2024
- Days on Market:
- 684
- Last Refresh:
- Jul 4 at 1:19 pm
Property Features for 2202 5th Ave N
General Information
- Standard status
- Active
- Size
- 10,116 SF
- Property subtype
- Retail, Industrial, Land
Building Details
- Year Built
- 1967
Listing office Horizon Real Estate Group (701) 478-7600
Listing date Aug 22, 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 Horizon Real Estate Group
HighLights
- Expansive amount of land for limitless development possibilities.
- Exceptional warehouse with high ceilings.
- Spacious warehouse area.
- Abundant office space.
- Ideal facility for business.
- Year Built: 1967
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $188.2k | $18.60 |
| − Vacancy | −$30.1k | −$2.98 |
| EGI | $158.1k | $15.62 |
| − OpEx | −$39.5k | −$3.91 |
| NOI | $118.5k | $11.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.8157562
- Latitude
- 46.8810371
