Class A Flex Building
4171 24th Avenue N Fargo, ND 58102
4171 24th Avenue N, Fargo, ND, 58102
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For Sale
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Class A industrial flex building with office, warehouse, manufacturing space.
Property Size194,637 SF
Price / SF$153.88
Days on Market656
Property Features for 4171 24th Avenue N
General Information
- Standard status
- Active
- Size
- 194,637 SF
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 2020
Listing Agency
Goldmark Commercial Real Estate Inc
(701) 235-2920
Listed by
Andy Westby · License #ND 9120
Source
Crexi
Added: Oct 3, 2024 Updated: Jul 6 at 8:19 am Checked: Jul 20 at 7:16 am
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.
This Class A flex building, constructed in 2021, is located in North Fargo's industrial corridor. The property includes over 20,000 square feet of Class A office space spread across two floors, featuring a modern design with high-end finishes, open floor plans, multiple offices and conference rooms, and a mother's room. The 96,000+ square foot warehouse/distribution space has 12 dock doors, 30-foot sidewalls, LED lighting, and 7-inch reinforced concrete floors, along with a small warehouse office. The 40,000+ square foot manufacturing space, connected to the warehouse, features 25 to 31-foot high ceilings, two drive-in doors, and 8-inch reinforced concrete floors. A 5,000 square foot showroom accessible from the front entrance includes floor-to-ceiling glass. The property also contains a large, fully equipped cafeteria, a gym with seven private showers, a half-court basketball court, and four EV car charging stations. Located less than one mile from I-29, the property offers access to major highways. This industrial complex is designed to accommodate a range of businesses with advanced infrastructure and modern amenities.
Key Highlights
- Class A flex building: 20k+ SF of office, 96k+ SF warehouse, and 40k+ SF manufacturing space.
- Prime location in N. Fargo's industrial corridor with easy access to I‑29.
- Built in 2021, offering modern design and advanced infrastructure.
Local Financial Insights For Office B
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 | $3.62M | $18.60 |
| − Vacancy | −$579.2k | −$2.98 |
| EGI | $3.04M | $15.62 |
| − OpEx | −$760.3k | −$3.91 |
| NOI | $2.28M | $11.72 |
194,637 SF · lease $18.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$32.58M
$28.51M – $38.01M
NOI $2,280,756 @ 7.0% cap · market cap 7.62%
Second Best
Retail
$27.44M
$24.01M – $32.02M
NOI $1,921,067 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$42.22M
$36.94M – $49.26M
NOI $2,955,524 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The GRIND Fitness
Big Box & Wholesale Store
SensoryRx
(Bike/Boat/Book/etc) Store
PRx Performance
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Class A industrial flex building with office, warehouse, manufacturing space.
Where is this flex space located?
The property is located at 4171 24th Avenue N Fargo, ND.
What is the asking price?
The asking price for this property is $29,950,000.
What are key features of this property?
This property features: Class A flex building: 20k+ SF of office, 96k+ SF warehouse, and 40k+ SF manufacturing space.; Prime location in N. Fargo's industrial corridor with easy access to I‑29.; Built in 2021, offering modern design and advanced infrastructure.
