West Fargo Bank Office
For Sale
Contact for pricing
Pending
901 13th Ave E & 990 14th Ave E, West Fargo, ND 58078
Two-story bank building on 4+ acres in West Fargo.
Property Size23,849 SF
Lot Size4.00 Acres
Days on Market892
Property Features for 901 13th Ave E & 990 14th Ave E
General Information
Standard status
Pending
Size
23,849 SF
Lot size
4.00 Acres
Property subtype
Office
Building Details
Year Built
1978
Stories
2
Listing Agency:
Goldmark Commercial Real Estate Inc
Listed By:
Andy Westby · License #ND 9120
(701) 235-2920
Source:
Crexi
Added: Apr 29, 2024
Changed: Sep 30
Last Checked: Oct 7 at 9:41AM
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
Investment Insights
Based on property information with market context.
This professional bank office building is situated on an oversized, park-like property on 13th Avenue in West Fargo. Located on the corner of 13th Avenue and 9th Street East, the property is one mile from I-94. The site spans over four acres and includes over 23,000 square feet of space across two floors. It features six drive-up lanes for customer access. The second floor is currently rented to a tenant. The property's location offers convenient access to numerous amenities within walking distance on 13th Avenue and a short drive to Veterans Boulevard. The property's visibility and convenient location make it suitable as a corporate headquarters or for redevelopment to increase density and income. The property can accommodate one or multiple tenants, offering income potential.
Key Highlights
- Prime location on the hard corner of 13th Ave and 9th St E in West Fargo with high visibility.
- Oversized 4+ acre park‑like property with redevelopment potential.
- 23,000+ SF building with two floors and six drive‑up lanes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,259
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,125,180
$3.1M
Cap Rate 7%
$2,232,271
$2.2M
Cap Rate 9%
$1,736,211
$1.7M
Market Conditions
NOI Build-Up for 23,849 SF
Gross rent
$297.6K $12.48/SF
− Vacancy
−$89.3K −$3.74/SF
EGI
$208.3K $8.74/SF
− OpEx
−$52.1K −$2.18/SF
NOI
$156.3K $6.55/SF
Area
Cass County, ND
Vacancy
30.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,125,180
Cap Rate 7%
$2,232,271
Cap Rate 9%
$1,736,211
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.60M
NOI $156,259 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.41M
$3.86M – $5.14M
NOI $308,439 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 58078, ND
39,161
Population
16,416
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
97%
High-School Grad
39.8 sq mi
ZIP Area
984
Density / Sq Mi
$97,206
Median Household Income
$51,208
Median Earnings
$1,073
Median Rent
$303,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story bank building on 4+ acres in West Fargo.
Where is this office building located?
The property is located at 901 13th Ave E & 990 14th Ave E West Fargo, ND.
What is the asking price?
The asking price for this property is $3,815,840.
What are key features of this property?
This property features: Prime location on the hard corner of 13th Ave and 9th St E in West Fargo with high visibility.; Oversized 4+ acre park‑like property with redevelopment potential.; 23,000+ SF building with two floors and six drive‑up lanes.
