Add Listing
    For Lease
    • 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

    118 Broadway Fargo, ND 58102

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Historic building, flexible suites, skyway access.

    Lot size:
    12,266 SF

    Property Features for 118 Broadway

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,266 SF

    Spaces For Lease

    at 118 Broadway, Fargo, ND 58102 Contact us
    Unit 5th Floor

    $18 /Mo

    Size
    818 SF
    Contact us
    Unit 3rd Floor

    $18 /Mo

    Size
    4,345 SF
    Contact us
    Unit Main Floor (Subdividable)

    $18 /Mo

    Size
    7,103 SF
    Contact us

    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

    The Black Building offers exceptional office space in the heart of downtown Fargo, North Dakota. Three spaces are currently available, ranging from 818 to 7,103 square feet, catering to diverse business needs. Options include main floor retail space, third-floor traditional office suites, and fully furnished fifth-floor executive offices. The building boasts convenient skyway access, connecting tenants to the city's infrastructure. Fifth-floor executive suites are turnkey, featuring sit/stand desks, chairs, and cabinets, and benefit from flexible lease terms and an all-inclusive monthly bill covering utilities. Shared amenities across the building include a rooftop patio, kitchenette, conference room, and wellness room. Parking is available in the adjacent Kesler building for an additional monthly fee of $175 per space. This prime location in Cass County provides unparalleled access to downtown amenities and businesses. Whether seeking a small executive suite or a larger traditional office space, The Black Building offers a variety of options to suit your business requirements. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thiken (Bike/Boat/Book/etc) Store Dorsher Dentistry Dental Office North Dakota Horse ... Racecourse Ankers Law Law Firm Gregory Clark, MSW Foster Care Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -96.787689505865
    Latitude
    46.877647944623

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Brandt Office Park

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      3523 45Th St, Fargo, ND 58104
      View Details
    • Contact for pricing

      Fargo 32nd Avenue

      Workspaces, services and support to help you work better in Shelton
      1531 32Nd Ave, Fargo, ND 58103
      View Details
    • $16 SF/Yr
      560 SF

      Downtown Adjacent Office For Lease

      Office space for lease with free parking downtown.
      808 3Rd Ave S, Fargo, ND 58103
      View Details
    • $20 SF/Yr
      1,653 SF

      Fargo Office Space For Rent

      Office space available for lease in Fargo, North Dakota.
      112 N University Dr, Fargo, ND 58102
      View Details
    • $9 SF/Yr
      1,920 SF

      Fargo Office Space For Rent

      Office space available for lease in Fargo, North Dakota.
      417 Main Ave, Fargo, ND 58103
      View Details
    • $495,000
      2,025 SF

      Historic Downtown Property For Rent

      Historic downtown property available for rent in Fargo, North Dakota.
      512 1St Ave N, Fargo, ND 58102
      View Details
    • Contact for pricing
      80 SF

      Fargo Office Space For Rent

      Office space with natural light suitable for wellness professionals.
      5153 44Th St S, Fargo, ND 58104
      View Details
    • Contact for pricing
      1,248 SF

      Office Space with High Visibility

      Office space available with high traffic and signage opportunities.
      3481 University Dr S, Fargo, ND 58104
      View Details
    • Contact for pricing
      3,600 SF

      Office and Shop Space Available

      3,600 SF office/shop space with offices and breakroom.
      900 Page Dr S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,426 SF

      Retail Space in South Creek

      Retail space available for lease in high-traffic South Creek.
      2603 Kirsten Ln S, Fargo, ND 58104
      View Details
    • Contact for pricing
      2,250 SF

      Restaurant Space Near Schools

      2,250 SF restaurant space for lease near schools.
      2640 52Nd Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing
      3,954 SF

      Office Space in Fargo

      Second floor office space available for lease in Fargo.
      4776 28Th Ave S, Fargo, ND 58104
      View Details

    FAQs

    What type of property is this?
    Coworking space - Historic building, flexible suites, skyway access.
    Where is this coworking space located?
    The property is located at 118 Broadway Fargo, ND.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Historic Black Building, downtown Fargo; 3 office spaces available, 818-7,103 sq ft.; Multiple tenancy options including main floor retail and third & fifth floor office space.; Fifth-floor suites offer turnkey spaces with sit/stand desks, chairs, cabinets, flexible lease terms, and utilities included in one monthly bill.
    (701) 238-7370 Call to check price and availability
    Request Owner's contact information
    118 Broadway Fargo, ND 58102
    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.
    118 Broadway
    Fargo, ND 58102
    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
    118 Broadway Fargo, ND 58102
    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!