Fargo Shop Condos For
For Sale
Contact for pricing
Pending
1810 Sheyenne Lp N, Fargo, ND 58102
Versatile shop condos with yard space, ideal for various uses.
Property Size5,040 SF
Days on Market798
Property Features for 1810 Sheyenne Lp N
General Information
Standard status
Pending
Size
5,040 SF
Property subtype
Retail, Office, Land
Zoning
LI
Building Details
Year Built
2024
Stories
1
Listing Agency:
Goldmark Commercial Real Estate Inc
Listed By:
Nathan Vollmuth · License #ND 10338
Source:
Crexi
Added: Aug 9, 2024
Changed: Oct 10
Last Checked: Oct 14 at 11:06PM
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 Goldmark Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
High-quality shop condos are available for sale along 19th Avenue North and 45th Street in Northwest Fargo. These versatile units are suitable for secure storage, toy/RV storage, workshop space, hobbyist activities, personal gyms, and art studios. Each unit includes ample yard space. The location provides convenient access to major roads and amenities, making it suitable for personal and professional use. These shop condos provide a solution for expanding workspace or creating a dedicated area for hobbies. The property size is 5040 square feet.
Key Highlights
- High‑quality shop condos.
- Versatile units suitable for various uses: storage, workshop, gym, studio, etc.
- Ample yard space, a unique feature of this development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,649
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,980
$813.0K
Cap Rate 7%
$580,700
$580.7K
Cap Rate 9%
$451,656
$451.7K
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$66.5K $13.20/SF
− Vacancy
−$4.0K −$0.79/SF
EGI
$62.5K $12.41/SF
− OpEx
−$21.9K −$4.34/SF
NOI
$40.6K $8.07/SF
Area
Fargo, ND
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,980
Cap Rate 7%
$580,700
Cap Rate 9%
$451,656
Alternative Uses
Best Use
Flex RnD
$580.7K
$508.1K – $677.5K
NOI $40,649 @ 7.0% cap · market cap 4.62%
Second Best
Industrial
$490.9K
$429.6K – $572.8K
NOI $34,366 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.09M
$956.6K – $1.28M
NOI $76,531 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile shop condos with yard space, ideal for various uses.
Where is this flex space located?
The property is located at 1810 Sheyenne Lp N Fargo, ND.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: High‑quality shop condos.; Versatile units suitable for various uses: storage, workshop, gym, studio, etc.; Ample yard space, a unique feature of this development.
