Add Listing
    For Lease
    • 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

    2721 20Th Ave Moorhead, MN 56560

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern Office Condo, 1,950 SF Available

    Lot size:
    9,750 SF

    Property Features for 2721 20Th Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,750 SF
    Total Rate
    7718.75

    Building Details

    Year Built
    2019

    Spaces For Lease

    at 2721 20Th Ave, Moorhead, MN 56560 Contact us
    Unit Unit F

    $9 /Mo

    Size
    1,950 SF
    Contact us

    We can help!

    Listing Contact
    Justin Gustofson, Ccim
    Justin Gustofson, Ccim

    Listing Agency: Property Resources Group Listing Agent: Justin Gustofson, Ccim

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1,950 square foot shop condo, Unit F, located in Clay County, is ready for immediate occupancy. Built in 2019, this unit is part of a larger multi-tenant building totaling 9,750 square feet. The space features a well-appointed office area, a restroom, a convenient utility sink, and a floor drain for easy cleanup. Energy-efficient LED lighting is installed throughout. The unit also boasts a substantial 14-foot garage door and 16-foot sidewalls, providing excellent access and flexibility for various business needs. While the unit itself is well-equipped, please note that no additional parking is available beyond what is included with the condo. This prime commercial space is ideal for a variety of businesses seeking a modern, functional, and conveniently located office space. The property's 2019 construction ensures modern amenities and efficient design. The available space represents a significant portion of the building's total square footage, offering ample room for growth and expansion. Serious inquiries are encouraged to explore this unique opportunity. This is a shop condo, offering the benefits of ownership within a multi-tenant building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouse Unit J Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Moorhead
    County
    Clay
    State
    Minnesota
    Longitude
    -96.7335834
    Latitude
    46.8557995

    Nearby Similar for Lease

    • Contact for pricing
      25,000 SF

      Retail Space in Moorhead, MN

      Retail property with high visibility and traffic in Moorhead.
      3330 Highway 10 E, Moorhead, MN 56560
      View Details
    • Contact for pricing
      3,156 SF

      Retail Space on Highway 10

      Retail space with signage opportunities on Highway 10.
      3202-3246 Us 10 E, Moorhead, MN
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space with Large Windows

      Retail space featuring large windows and national neighboring tenants.
      1530 1St Ave North, Moorhead, MN 56560
      View Details
    • $18 SF/Yr
      23,821 SF

      Southmoor Square Retail Space

      Moorhead retail center: prime location.
      800 30Th Ave, Moorhead, MN 56560
      View Details
    • $19 SF/Yr
      15,446 SF

      801 Main Ave: Moorhead Office Space

      Prime Moorhead Office Suites, Multiple Sizes Available
      801 Main Ave, Moorhead, MN 56560
      View Details
    • $18 SF/Yr
      16,807 SF

      Azool Retail Center: Moorhead, MN

      Retail Space Available: Moorhead, MN
      935 37Th Ave, Moorhead, MN 56560
      View Details
    • $20 SF/Yr
      135,000 SF

      Easten Shopping Center: Moorhead, MN

      Medical Office Space Available: High-traffic location.
      3300 Us-10, Moorhead, MN 56560
      View Details

    FAQs

    What type of property is this?
    Specialty property - Modern Office Condo, 1,950 SF Available
    Where is this specialty property located?
    The property is located at 2721 20Th Ave Moorhead, MN.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 9,750 total square foot multi-tenant shop condo building in Clay County.; 1,950 square feet of vacant office space available for lease.; Shop condo unit features an office, restroom, utility sink, floor drain, LED lighting, 14' garage door, and 16' sidewalls.
    (701) 238-7370 Call to check price and availability
    Request Owner's contact information
    2721 20Th Ave Moorhead, MN 56560
    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.
    2721 20Th Ave
    Moorhead, MN 56560
    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
    2721 20Th Ave Moorhead, MN 56560
    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 Justin Gustofson, Ccim
    Justin Gustofson, Ccim
    Real Estate License ID: 9860
    (701) 238-7370 (701) 499-3875
    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!