1810 Sheyenne Lp N Fargo, ND 58102
Versatile shop condos with yard space, ideal for various uses.
Property Features for 1810 Sheyenne Lp N
General Information
- Standard status
- Active
- Size
- 5,040 SF
- Property subtype
- Retail, Office, Land
Building Details
- Year Built
- 2024
Listing office Goldmark Commercial Real Estate Inc
Listing date Aug 9, 2024
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 Goldmark Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
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.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.4k | $10.80 |
| − Vacancy | −$2.2k | −$0.43 |
| EGI | $52.3k | $10.37 |
| − OpEx | −$7.8k | −$1.56 |
| NOI | $44.4k | $8.81 |
