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    855 45Th St Fargo, ND 58103

    For Sale
    $3,150,000

    Multi-Tenant Retail Center, High NOI

    Property size:
    24,481 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a stabilized, multi-tenant retail property located at 855 45th St S, Fargo, ND 58103, within the Westfield Business Park. The property, built in 1997 and renovated in 2019, encompasses a single-story, 24,481 square foot building situated on a substantial 122,895 square foot lot. Currently boasting 87.5% occupancy across seven tenants, the property generates a strong net operating income (NOI) of $266,564, yielding an attractive 8.46% cap rate. The asking price is $3,150,000, translating to $128.67 per square foot. The property is classified as Class B, with a NNN lease structure. Zoned for commercial use, this property offers a compelling value-add investment opportunity. The property features eight units and is categorized as a restaurant and storefront, offering a diverse tenant mix. The property's strong financial performance, combined with its prime location and significant lot size, makes it an ideal investment for discerning buyers seeking a stable and potentially appreciating asset. The property's APN is 01-3880-01609-000 and is held in trust. Occupancy commenced on February 1st, 2016.

    Property Features for 855 45Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    24,481 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1997/2019
    Buildings
    1
    Stories
    1
    Units
    8

    HighLights

    • $3,150,000 asking price for a stabilized, value‑add retail investment.
    • Multi‑tenant property (7 tenants) with 24,481 square feet of net rentable space.
    • 8.46% cap rate with a current NOI of $266,564.
    • Located at 855 45th St S, Fargo, ND 58103, on a 122,895 square foot lot.
    • Class B building, built in 1997 and renovated in 2019, featuring one single‑story building.
    • 87.5% occupancy rate, with an occupancy date of February 1, 2016.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fargo Halal Market Grocery Store Passage To India Restaurant Indian Restaurant Sana Coffee Shop Coffee Shop Somali Halal Food ... Grocery Store LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.862772
    Latitude
    46.8677735

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    FAQs

    What type of property is this?
    Individual retail property - Multi-Tenant Retail Center, High NOI
    Where is this individual retail property located?
    The property is located at 855 45Th St Fargo, ND.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: $3,150,000 asking price for a stabilized, value-add retail investment.; Multi-tenant property (7 tenants) with 24,481 square feet of net rentable space.; 8.46% cap rate with a current NOI of $266,564.
    Request Owner's contact information
    855 45Th St Fargo, ND 58103
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    Fargo, ND 58103
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    Realmo Value Estimation

    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.

    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.

    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
    855 45Th St Fargo, ND 58103
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