Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2500 Broadway Fargo, ND 58102

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

    Prime Fargo retail space, multiple suites available.

    Lot size:
    62,442 SF

    Property Features for 2500 Broadway

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    62,442 SF
    Total Rate
    46831.5

    Building Details

    Year Built
    1956
    Stories
    1

    Spaces For Lease

    at 2500 Broadway, Fargo, ND 58102 Contact us
    Unit Suite 2602B

    $9 /Mo

    Size
    2,587 SF
    Contact us
    Unit Suite 2614C

    $9 /Mo

    Size
    4,271 SF
    Contact us
    Unit Suite 2710

    $9 /Mo

    Size
    4,888 SF
    Contact us

    We can help!

    Listing Contact
    Tony Paul
    Tony Paul

    Listing Agency: Optima Realty Listing Agent: Tony Paul

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

    Learn more

    Property Insight Report

    Overview

    Northport Shopping Center, located at 2500 Broadway N in Fargo, North Dakota, presents a compelling retail investment opportunity. This single-story, 62,442 square foot shopping center, built in 1956, sits on 1.623 acres of land and is zoned commercial (APN: 01-3060-00320-000). Currently, there are three available suites ranging from 2,587 to 4,888 contiguous square feet, totaling 11,746 square feet of vacant space. Suite 2602B (2,587 sq ft) was previously a shake shop
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northport Shopping Center Shopping Center & Mall

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.7885289
    Latitude
    46.9111021

    Nearby Similar for Lease

    • Contact for pricing
      745 SF

      Historic Downtown Office Space

      Renovated office space in historic downtown building.
      117 Np Ave N, Fargo, ND 58102
      View Details
    • Contact for pricing

      Downtown Fargo Retail/Restaurant Space

      Prime downtown location with historical charm and modern amenities.
      420 Broadway N, Fargo, ND 58102
      View Details
    • Contact for pricing
      1,410,000 SF

      Dakota Commerce Center: Fargo, ND

      Class A Industrial Space - Flexible Options
      5050 37Th St, Fargo, ND 58102
      View Details
    • $15 SF/Yr
      73,626 SF

      Bison Block Retail Spaces

      Fargo, ND retail & restaurant space.
      1414 12Th Ave, Fargo, ND 58102
      View Details
    • $10 SF/Yr
      5,442 SF

      Fargo Office Space: Prime Location

      Modern Fargo office space, flexible options.
      1531 32Nd Ave, Fargo, ND 58103
      View Details
    • Contact for pricing
      217,810 SF

      Variant 7: Fargo Industrial Space

      218,000 SF Industrial; Flexible Layout
      2880 42Nd St, Fargo, ND 58102
      View Details
    • Contact for pricing
      33,400 SF

      Fargo Industrial Building For Sale

      33,400 SF Manufacturing/Flex Space
      1402 43Rd St, Fargo, ND 58102
      View Details
    • $14 SF/Yr
      52,186 SF

      Central Marketplace Office Suites

      Prime Cass County Office Space Available
      1801 45Th St, Fargo, ND 58103
      View Details
    • $15 SF/Yr
      10,036 SF

      Downtown Fargo Retail Opportunity

      Prime Retail Space, Flexible Lease Options
      110 Broadway, Fargo, ND 58102
      View Details
    • Contact for pricing
      4,525 SF

      Retail Space Near West Acres

      Retail space adjacent to West Acres Regional Shopping Center.
      1615 38Th St S, Fargo, ND 58103
      View Details
    • $18 SF/Yr

      Downtown Fargo Office Suite

      600 sq ft, $900/month, all utilities included
      68 Broadway, Fargo, ND 58102
      View Details
    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Fargo retail space, multiple suites available.
    Where is this retail property located?
    The property is located at 2500 Broadway Fargo, ND.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Northport Shopping Center, a 62,442 SF retail center in Fargo, ND.; Single-story building on 1.62 acres, built in 1956.; Zoned commercial (APN: 01-3060-00320-000).
    (701) 239-5810 Call to check price and availability
    Request Owner's contact information
    2500 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.
    2500 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
    2500 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 Tony Paul
    Tony Paul
    Real Estate License ID: 8624
    (701) 239-5810
    Learn more
    Google sign-in failed. Please try again or use another login method.