1749 38th St S Fargo, ND 58103
16,000+ SF office building with high traffic exposure.
Property Features for 1749 38th St S
General Information
- Standard status
- Active
- Size
- 16,937 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1979
Listing office Goldmark Commercial Real Estate Inc (701) 893-2826
Listing date Aug 17, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- High visibility location with over 75,000 vehicles passing daily on I‑29.
- Large office space: 16,000+ SF.
- Ample parking.
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 | $315.0k | $18.60 |
| − Vacancy | −$50.4k | −$2.98 |
| EGI | $264.6k | $15.62 |
| − OpEx | −$66.2k | −$3.91 |
| NOI | $198.5k | $11.72 |