1324 25th Ave S, Fargo, ND 58103
Commercial property with tenant in place, South Fargo location.
- Added:
- Jan 17, 2024
- Days on Market:
- 904
- Last Refresh:
- Jul 5 at 2:46 am
Property Features for 1324 25th Ave S
General Information
- Standard status
- Active
- Size
- 3,956 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1975
Listing office Goldmark Commercial Real Estate Inc (701) 235-2900
Listing date Jan 17, 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
HighLights
- Over $60k of recent improvements, including roof and HVAC.
- New furnace and air conditioning.
- No specials remaining.
- Basement sports bar and dining area.
- Great investment opportunity with current tenant in place.
- Convenient location just off I‑94 and University Drive South.
Overview
Local Financial Insights For Specialty Retail
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 | $64.1k | $16.20 |
| − Vacancy | −$3.5k | −$0.89 |
| EGI | $60.6k | $15.31 |
| − OpEx | −$15.1k | −$3.83 |
| NOI | $45.4k | $11.48 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Pepper's Sports Cafe — 2510 S University Dr, Fargo, ND 58103
- Alibi Lounge — 1340 21st Ave S, Fargo, ND 58103
- The Bowler Inc. — 2630 S University Dr, Fargo, ND 58103
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.8004817
- Latitude
- 46.8431425