Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3800 98 Ave Fargo, ND 58104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-end garages, customizable spaces.

    Property size:
    960 SF

    Property Features for 3800 98 Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    960 SF

    Building Details

    Buildings
    7
    Units
    22

    We can help!

    Listing Contact
    Justin Gustofson, Ccim
    Justin Gustofson, Ccim

    Listing Agency: Property Resources Group Listing Agent: Justin Gustofson, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Luxstor offers 22 luxury garage condominiums in Fargo, North Dakota, located at 3800 98th Ave S, zip code 58104. These units, housed within seven buildings, range from 960 to 4,800 square feet and are perfect for car enthusiasts, boat owners, RV owners, motorcycle collectors, or anyone needing secure, customizable storage. The units are not intended for business use. Each condo provides ample space to store and showcase prized possessions, and create a personalized hobby workspace or relaxing retreat. Luxstor is more than just typical storage; it's a community designed to cater to individual passions and hobbies. Buildings are complete, and units are ready for immediate customization. Detailed pricing and unit specifications are available in a brochure. This unique property presents a rare opportunity to acquire a high-end garage condominium in a desirable Fargo location. The property is situated in Cass County and offers a convenient and secure space for storing and maintaining valuable assets. Contact us today to learn more about this exceptional investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8446019
    Latitude
    46.7469988

    Nearby Similar for Sale

    • $399,000
      3,456 SF

      Fargo Commercial Building For Sale

      Freestanding commercial building in central Fargo, suitable for various uses.
      1419 1St Ave S, Fargo, ND 58103
      View Details
    • $899,000
      2,777 SF

      Retail Property in Fargo, ND

      Retail property for sale with 2,777 square feet.
      3072 45Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      57,600 SF

      Fargo Manufacturing and Warehouse Facility

      57,600 SF manufacturing/warehouse with desirable features in Fargo, ND.
      3175 4Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      34,126 SF

      Fargo Flex Space with I-29 Access

      Climate-controlled flex space with generator and refrigeration units, near I-29.
      342 42Nd St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      1,728 SF

      Retail Space with Specialized Systems

      Retail property featuring advanced systems and ample electrical supply.
      615 9Th Ave S, Fargo, ND 58102
      View Details
    • Contact for pricing
      2,325 SF

      New Construction NNN Restaurant

      New construction restaurant with a long-term lease and zero responsibilities.
      3971 53Rd Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing
      5,513 SF

      Retail Condos in Downtown Fargo

      Fully leased retail condos in a vibrant downtown location.
      300 Broadway N, Fargo, ND 58102
      View Details
    • Contact for pricing
      7,200 SF

      Retail Center on 25th Street

      Fully occupied retail center in high-traffic Fargo location.
      1326 25Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,560 SF

      Office Space on South University

      Office space with private offices and reception area for sale.
      2534 S University Dr, Fargo, ND 58103
      View Details
    • Contact for pricing
      17,690 SF

      Downtown Fargo Retail Investment Property

      Retail property in the heart of downtown Fargo.
      121 Broadway N, Fargo, ND 58102
      View Details
    • Contact for pricing
      13,270 SF

      Historic Downtown Office/Retail Space

      Renovated historic building with high visibility and flexible floor plans.
      627 Northern Pacific Ave, Fargo, ND
      View Details
    • Contact for pricing
      5,040 SF

      Fargo Warehouse with Office Space

      5,040 SF warehouse featuring office, bathroom, and gas heater.
      1810 Sheyenne Loop N, Fargo, ND
      View Details

    FAQs

    What type of property is this?
    Automotive property - High-end garages, customizable spaces.
    Where is this automotive property located?
    The property is located at 3800 98 Ave Fargo, ND.
    What are key features of this property?
    This property features: Luxury garage condominiums in Fargo, ND.; 22 units ranging from 960 to 4,800 square feet.; Seven buildings on a 3800 98th Ave S, Fargo, ND 58104 location.
    (701) 238-7370 Call to check price and availability
    Request Owner's contact information
    3800 98 Ave Fargo, ND 58104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3800 98 Ave
    Fargo, ND 58104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3800 98 Ave Fargo, ND 58104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Gustofson, Ccim
    Justin Gustofson, Ccim
    Real Estate License ID: 9860
    (701) 238-7370 (701) 499-3875
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!