Sign Up Successful!
You now have access to more from Realmo!
    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

    875 23Rd Ave West Fargo, ND 58078

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Prime West Fargo Office Land - $1.5M

    Property Features for 875 23Rd Ave

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    We can help!

    Listing Contact
    David Schlossman
    David Schlossman

    Listing Agency: Horizon Real Estate Group Listing Agent: David Schlossman

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

    Learn more

    Overview

    This exceptional 0.73-acre commercial pad site, located at 875 23rd Ave E in West Fargo, North Dakota, presents a unique investment opportunity. Priced at $1,500,000, this land offers a compelling value proposition at $1 per square foot. Zoned for office and executive office uses, the property boasts unparalleled visibility and accessibility along West Fargo's premier retail corridor. Its location within the thriving Cass County ensures high traffic volume and exposure to a substantial customer base. The site's prime position in this dynamic and rapidly expanding community provides an ideal platform for businesses seeking to establish a strong presence in a high-growth market. This is a rare opportunity to acquire a highly desirable piece of real estate in a strategic location, offering significant potential for future development and return on investment. The property's address is 875 23rd Ave E, West Fargo, ND 58078. This is a single, unique property. The land is suitable for office development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    West Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.884038
    Latitude
    46.8428886

    Nearby Similar for Sale

    • $1,475,000
      11,760 SF

      West Fargo Industrial Distribution Center

      11,760 SF Class A Warehouse, $1.475M
      2520 Main Ave, West Fargo, ND 58078
      View Details
    • $2,250,000
      16,015 SF

      West Fargo Industrial Property: Prime Location

      Class A Office & Shop Space, 16,015 SF
      2528 Main Ave, West Fargo, ND 58078
      View Details
    • $3,815,840
      23,849 SF

      West Fargo Office Building For Sale

      Prime location, 23,849 SF office space.
      901 13Th Ave, West Fargo, ND 58078
      View Details
    • Contact for pricing
      11,040 SF

      West Fargo Investment Property For Sale

      Well-maintained investment property in West Fargo's revitalized downtown.
      133 Main Ave W, West Fargo, ND 58078
      View Details
    • $4,377,500
      11,957 SF

      Veterans Mall Shopping Center

      West Fargo, ND Retail Investment
      3155 Blue Stem Dr, West Fargo, ND 58078
      View Details
    • $435,000
      1,225 SF

      West Fargo Office Condo For Sale

      Modern 1,225 SF office, prime location.
      3937 4Th St, West Fargo, ND 58078
      View Details
    • $1,140,000

      Established Window Installation Business in West Fargo, ND

      Turnkey Window Company, High Sales, Exclusive Dealership
      123 1St St, West Fargo, ND 58078
      View Details
    • $3,200,000
      6,005 SF

      Profitable Boston's Pizza Franchise

      West Fargo Restaurant & Bar - $3.2M
      1640 13Th Ave, West Fargo, ND 58078
      View Details
    • Contact for pricing
      2,891 SF

      Retail Space at EPIC

      902 SF retail space in multi-use building.
      3140 Sheyenne St, West Fargo, ND 58078
      View Details
    • Contact for pricing
      11,957 SF

      West Fargo Retail Investment Opportunity

      Fully occupied retail property with strong tenant mix for sale.
      3163 Blue Stem Dr, West Fargo, ND 58078
      View Details

    FAQs

    What type of property is this?
    Land - Prime West Fargo Office Land - $1.5M
    Where is this land located?
    The property is located at 875 23Rd Ave West Fargo, ND.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 0.73-acre commercial pad site in West Fargo, ND, priced at $1,500,000 ($1/sq ft).; Zoned for office and executive office use, offering high visibility and accessibility on a premier retail corridor.; Located in Cass County with high traffic volume and strong customer base in a rapidly growing area.
    (701) 478-7600
    Request Owner's contact information
    875 23Rd Ave West Fargo, ND 58078
    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.
    875 23Rd Ave
    West Fargo, ND 58078
    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
    875 23Rd Ave West Fargo, ND 58078
    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!
    Listing Contact
    David Schlossman
    David Schlossman
    Real Estate License ID: 8360
    (701) 478-7600 (701) 261-6161
    Learn more
    Google sign-in failed. Please try again or use another login method.