South Fargo Investment
For Sale
Contact for pricing
1324 25th Ave S, Fargo, ND 58103
Commercial property with tenant in place, South Fargo location.
Property Size3,956 SF
Price / SF$132.71
Days on Market1001
Property Features for 1324 25th Ave S
General Information
Standard status
Active
Size
3,956 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
1975
Tenancy
Single
Listing Agency:
Goldmark Commercial Real Estate Inc
Listed By:
Aaron Hill · License #ND 11183
(701) 235-2900
Source:
Crexi
Added: Jan 17, 2024
Changed: Sep 13
Last Checked: Oct 12 at 6:36PM
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 commercial property in South Fargo presents an investment opportunity with a current tenant in place. The property, suitable for bars, pubs, restaurants, and other commercial real estate ventures, features a basement sports bar and dining area. Recent improvements exceeding $60,000 have been made, including upgrades to the roof and HVAC system. A new furnace and air conditioning system have been installed. The property benefits from its location just off I-94 and University Drive South. The property size is 3,956 square feet. There are no specials remaining.
Key Highlights
- Over $60k of recent improvements, including roof and HVAC.
- New furnace and air conditioning.
- No specials remaining.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,422
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,440
$908.4K
Cap Rate 7%
$648,886
$648.9K
Cap Rate 9%
$504,689
$504.7K
Market Conditions
NOI Build-Up for 3,956 SF
Gross rent
$64.1K $16.20/SF
− Vacancy
−$3.5K −$0.89/SF
EGI
$60.6K $15.31/SF
− OpEx
−$15.1K −$3.83/SF
NOI
$45.4K $11.48/SF
Area
Fargo, ND
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,440
Cap Rate 7%
$648,886
Cap Rate 9%
$504,689
Alternative Uses
Best Use
Specialty Retail
$648.9K
$567.8K – $757.0K
NOI $45,422 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.2K
$750.9K – $1.00M
NOI $60,071 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 58103, ND
46,754
Population
25,241
Households
1.9
Avg Household Size
36
Median Age
37%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
4,066
Density / Sq Mi
$57,699
Median Household Income
$38,241
Median Earnings
$831
Median Rent
$239,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- The Bowler Inc. — 2630 S University Dr, Fargo, ND 58103
- Pepper's Sports Cafe — 2510 S University Dr, Fargo, ND 58103
- Fargo Country Club — 509 26th Ave S, Fargo, ND 58103
- Alibi Lounge — 1340 21st Ave S, Fargo, ND 58103
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial property with tenant in place, South Fargo location.
Where is this bar & pub located?
The property is located at 1324 25th Ave S Fargo, ND.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Over $60k of recent improvements, including roof and HVAC.; New furnace and air conditioning.; No specials remaining.
