Heated Flex Shop
For Sale
$227,500
9-5590 13th Ave N, Fargo, ND 58102
Heated shop space supports business operations, equipment storage, and vehicle storage.
Property Size1,680 SF
Price / SF$135.42
Days on Market9
Property Features for 9-5590 13th Ave N
General Information
Standard status
Active
Size
1,680 SF
Additional Details
Asking Price
$235,000
Amenities
24/7 security camera monitoring
Listing Agency:
Raboin Realty
Listed By:
Dan Coombe
(701) 929-1188
Source:
Exprealty
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 21 at 2:28AM
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 Raboin Realty
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.
These flex shop condos offer heated interior space with large overhead doors. Camera monitoring provides security coverage around the clock, and the property is described as well-maintained. Units are available for purchase or lease, with availability listed for November.
Located in North Fargo, the property offers access for trucks and trailers. The units are suited to business, equipment, and vehicle storage, as well as personal shop use.
Located in North Fargo, the property offers access for trucks and trailers. The units are suited to business, equipment, and vehicle storage, as well as personal shop use.
Key Highlights
- 1680 SF units
- Heated shop interiors with large overhead doors
- Camera monitoring operates 24/7
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,806
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,120
$296.1K
Cap Rate 7%
$211,514
$211.5K
Cap Rate 9%
$164,511
$164.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$18.1K $10.80/SF
− Vacancy
−$726 −$0.43/SF
EGI
$17.4K $10.37/SF
− OpEx
−$2.6K −$1.56/SF
NOI
$14.8K $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%
$296,120
Cap Rate 7%
$211,514
Cap Rate 9%
$164,511
Alternative Uses
Best Use
Warehouse
$211.5K
$185.1K – $246.8K
NOI $14,806 @ 7.0% cap · market cap 6.51%
Second Best
Flex RnD
$193.6K
$169.4K – $225.8K
NOI $13,550 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$364.4K
$318.9K – $425.2K
NOI $25,510 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Heated shop space supports business operations, equipment storage, and vehicle storage.
Where is this flex space located?
The property is located at 9-5590 13th Ave N Fargo, ND.
What is the asking price?
The asking price for this property is $227,500.
What are key features of this property?
This property features: 1680 SF units; Heated shop interiors with large overhead doors; Camera monitoring operates 24/7
