Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Center in West Fargo Title is generated by Realmo AI

    1405 Prairie Pkwy, West Fargo, ND 58078

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Mixed-use shopping center with retail, restaurant, office, and medical spaces.

    Type:Office
    Added:
    Oct 3, 2022
    Days on Market:
    1333
    Last Refresh:
    May 12 at 8:50 pm

    Property Features for 1405 Prairie Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2009

    Spaces For Lease

    at 1405 Prairie Pkwy Contact us

    Suite E $13/Mo

    Size
    3,094 SF
    Type
    Office
    Suite C includes 17 private offices, conference room and open work area.
    Contact us

    Suite 309 $13/Mo

    Size
    1,469 SF
    Type
    Office
    Contact us

    Suite 311 $13/Mo

    Size
    2,265 SF
    Type
    Office
    Contact us

    Suite 313 $13/Mo

    Size
    2,616 SF
    Type
    Office
    Contact us

    Suite C $13/Mo

    Size
    2,205 SF
    Type
    Office
    Suite C includes six private office with a conference area and open work area.
    Contact us

    Suite A $13/Mo

    Size
    4,757 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Justin Gustofson, CCIM, SIOR

    Listing agent Justin Gustofson, CCIM, SIOR License #9860

    Listing office Property Resources Group

    Listing date Oct 3, 2022

    Source Crexi

    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 Property Resources Group

    HighLights

    • Vibrant mixed‑use shopping center.
    • Located at the SW corner of 13th Avenue and 9th St. E. in West Fargo.
    • Features a mix of retail, restaurant, office, and medical businesses.
    • Year Built: 2009

    Overview

    Pioneer Center is a mixed-use shopping center situated at the southwest corner of 13th Avenue and 9th Street East in West Fargo. The property accommodates a variety of retail, restaurant, office, and medical businesses.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    West Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8858587
    Latitude
    46.8609269

    Nearby Similar for Lease

    • $8 SF/Yr
      6,000 SF

      Modern Office Space in Fargo

      Modern commercial property with flexible floor plans and ample parking.
      126 6th St W, West Fargo, ND
      View Details
    • $9 SF/Yr
      4,000 SF

      Adaptable Industrial Space Available

      24,000 SF industrial space, subdividable, build-to-suit options.
      627 5th Street Ct NW, West Fargo, ND
      View Details
    • Contact for pricing

      West Fargo Commercial Property

      Commercial property available for rent in West Fargo, North Dakota.
      702 & 730 9th Street Northwest, West Fargo, ND, 58078
      View Details
    • $20 SF/Yr
      3,937 SF

      West Fargo Corner Office Suite

      Spacious corner suite with abundant natural light and prime location.
      505 32nd Ave E, West Fargo, ND
      View Details
    • Contact for pricing

      West Fargo Shop and Office

      Flex, industrial, and office spaces available for rent in West Fargo.
      349 11th St W, West Fargo, ND 58078
      View Details
    • $13 SF/Yr
      1,500 SF

      Mixed-Use Center in West Fargo

      Mixed-use shopping center with retail, restaurant, office, and medical businesses.
      1405 Prairie Pkwy, West Fargo, ND
      View Details
    • Contact for pricing
      230 SF

      West Fargo Office Suites Available

      Office suites for lease with flexible terms and parking.
      515 Oak Ridge Way E, West Fargo, ND
      View Details
    • $6 SF/Yr
      100,000 SF

      New Construction Warehouse Space Available

      New construction warehouse in Nordick business park, up to 100,000 SF.
      601 11th Ave NE, West Fargo, ND
      View Details
    • Contact for pricing
      1,927 SF

      West Fargo Office Space Available

      Office space for rent, convenient West Fargo location.
      705 13th Ave E, West Fargo, ND
      View Details
    • $20 SF/Yr

      West Fargo Office/Retail Space

      Turnkey office or retail spaces in a bustling West Fargo location.
      3140 Bluestem Dr, West Fargo, ND 58078
      View Details
    • $13 SF/Yr

      Remodeled Office Space For Lease

      Second floor office space with recent remodeling and ample parking.
      1042 14th Ave E, West Fargo, ND 58078
      View Details
    • $34 SF/Yr

      West Fargo Restaurant Space Available

      Restaurant space for lease in West Fargo, North Dakota.
      1640 13th Ave E, West Fargo, ND 58078
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use shopping center with retail, restaurant, office, and medical spaces.
    Where is this mixed-use property located?
    The property is located at 1405 Prairie Pkwy West Fargo, ND.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Vibrant mixed‑use shopping center.; Located at the SW corner of 13th Avenue and 9th St. E. in West Fargo.; Features a mix of retail, restaurant, office, and medical businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Gustofson, CCIM, SIOR
    Real Estate License ID: 9860
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1405 Prairie Pkwy, West Fargo, ND 58078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!