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    1302 40Th St Fargo, ND 58102

    Sponsored
    For Lease
    $8 SF/Yr ($15,550 /Mo)

    Spacious Fargo warehouse, ideal for single tenant. Modern updates, excellent I-29 access.

    Lot size:
    20,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 20,850-square-foot warehouse, located at 1302 40th St N in Fargo, North Dakota, presents a significant opportunity for industrial businesses. The single-tenant property sits on a 2.01-acre lot and boasts a 24-foot ceiling height, providing ample storage and operational space. Built in 1978 and extensively renovated in 2019, the building is in excellent condition. Features include four loading docks and one drive-in door, ensuring efficient loading and unloading. The property offers 300 feet of frontage, enhancing visibility and accessibility. The warehouse is zoned Commercial and has an APN of 01-0992-00110-000 in Cass County. Taxes are $0.88 per square foot. The property is currently vacant and available for occupancy January 1, 2025. Its strategic location provides easy access to Interstate 29, offering convenient transportation links. A 24-hour notice is required for showings.

    Property Features for 1302 40Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,850 SF
    Total Rate
    15550.62

    Building Details

    Year Built/Renovated
    1978/2019
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    20,850 SF
    Rate per SF
    $8

    HighLights

    • 18,800 SF warehouse space
    • 2,050 SF of office space
    • Fully sprinklered fire protection system
    • 24' clear ceiling height
    • 2,640 SF mezzanine (not included in total square footage)
    • Four loading docks
    Property Profile Location Intelligence

    Current Use by Public Records

    Soucy Track Warehouse City-Warehouse for Car-Donations Corporate Office

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Gym & Fitness Hotel & Motel Department Store Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.848746428643
    Latitude
    46.892802800303

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    FAQs

    What type of property is this?
    Distribution property - Spacious Fargo warehouse, ideal for single tenant. Modern updates, excellent I-29 access.
    Where is this distribution property located?
    The property is located at 1302 40Th St Fargo, ND.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 18,800 SF warehouse space; 2,050 SF of office space; Fully sprinklered fire protection system
    Request Owner's contact information
    1302 40Th St Fargo, ND 58102
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    Fargo, ND 58102
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    Realmo Value Estimation

    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.

    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.

    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
    1302 40Th St Fargo, ND 58102
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