Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    216 University Dr Fargo, ND 58102

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic corner lot, great investment!

    Property Features for 216 University Dr

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Jeremy Horst
    Jeremy Horst

    Listing Agency: Core Property Group Listing Agent: Jeremy Horst

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 14,000 square foot commercial land parcel is situated on a signalized corner of University Drive in Fargo, North Dakota, zip code 58102. Boasting over 14,000 vehicles passing daily, this property offers unparalleled visibility and accessibility with multiple access points. The location is near downtown Fargo, providing convenient access to the city's amenities and a thriving business community. A key advantage is the existing Newman billboard, currently generating revenue. This presents a unique opportunity for immediate income generation alongside the potential for future development. The property's 140 feet of frontage along University Drive ensures maximum exposure for any business. This prime location makes it ideal for a wide range of commercial ventures, from retail establishments to office spaces, or as a strategic investment opportunity. The asking price for this exceptional property is $379,500. Don't miss this chance to secure a highly visible and profitable location in a rapidly growing area. The address is 216 N University Dr, Fargo, Cass County, North Dakota.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.79860064
    Latitude
    46.87896211

    Nearby Similar for Sale

    • $399,000
      3,456 SF

      Fargo Commercial Building For Sale

      Freestanding commercial building in central Fargo, suitable for various uses.
      1419 1St Ave S, Fargo, ND 58103
      View Details
    • $899,000
      2,777 SF

      Retail Property in Fargo, ND

      Retail property for sale with 2,777 square feet.
      3072 45Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      57,600 SF

      Fargo Manufacturing and Warehouse Facility

      57,600 SF manufacturing/warehouse with desirable features in Fargo, ND.
      3175 4Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      34,126 SF

      Fargo Flex Space with I-29 Access

      Climate-controlled flex space with generator and refrigeration units, near I-29.
      342 42Nd St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      1,728 SF

      Retail Space with Specialized Systems

      Retail property featuring advanced systems and ample electrical supply.
      615 9Th Ave S, Fargo, ND 58102
      View Details
    • Contact for pricing
      2,325 SF

      New Construction NNN Restaurant

      New construction restaurant with a long-term lease and zero responsibilities.
      3971 53Rd Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing
      5,513 SF

      Retail Condos in Downtown Fargo

      Fully leased retail condos in a vibrant downtown location.
      300 Broadway N, Fargo, ND 58102
      View Details
    • Contact for pricing
      7,200 SF

      Retail Center on 25th Street

      Fully occupied retail center in high-traffic Fargo location.
      1326 25Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,560 SF

      Office Space on South University

      Office space with private offices and reception area for sale.
      2534 S University Dr, Fargo, ND 58103
      View Details
    • Contact for pricing
      17,690 SF

      Downtown Fargo Retail Investment Property

      Retail property in the heart of downtown Fargo.
      121 Broadway N, Fargo, ND 58102
      View Details
    • Contact for pricing
      13,270 SF

      Historic Downtown Office/Retail Space

      Renovated historic building with high visibility and flexible floor plans.
      627 Northern Pacific Ave, Fargo, ND
      View Details
    • Contact for pricing
      5,040 SF

      Fargo Warehouse with Office Space

      5,040 SF warehouse featuring office, bathroom, and gas heater.
      1810 Sheyenne Loop N, Fargo, ND
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic corner lot, great investment!
    Where is this land located?
    The property is located at 216 University Dr Fargo, ND.
    What is the asking price?
    The asking price for this property is $379,500.
    What are key features of this property?
    This property features: 14,000 SF commercial land parcel in Fargo, ND (58102).; High visibility corner lot on University Drive with over 14,000 vehicles passing daily.; Excellent location near downtown Fargo with multiple access points.
    (701) 235-2920 Call to check price and availability
    Request Owner's contact information
    216 University Dr Fargo, ND 58102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216 University Dr
    Fargo, ND 58102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    216 University Dr Fargo, ND 58102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeremy Horst
    Jeremy Horst
    Real Estate License ID: 8209
    (701) 235-2920 (701) 212-4144
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!