Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    West Fargo Steel Building For Sale Title is generated by Realmo AI

    2520 Main Ave W, West Fargo, ND 58078

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    New freestanding steel building with I-94 access and outdoor storage.

    Type:Industrial
    Property size:
    11,760 SF
    Price / SF:
    $125/SF
    Added:
    Jan 16, 2024
    Days on Market:
    865
    Last Refresh:
    May 12 at 9:28 pm

    Property Features for 2520 Main Ave W

    General Information

    Standard status
    Active
    Size
    11,760 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jeremy Horst
    Jeremy Horst

    Listing agent Jeremy Horst License #ND 8209

    Listing office Core Property Group

    Listing date Jan 16, 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 Core Property Group

    HighLights

    • Newly built free standing steel building
    • Located just off Main Avenue and I‑94
    • Several 28’ x 60’ bays
    • 16’ overhead doors
    • Floor drains
    • 20’ sidewall height

    Overview

    This newly constructed freestanding steel building is located in West Fargo, just off Main Avenue and I-94. The building is configured with multiple 28-foot by 60-foot bays, each featuring 16-foot overhead doors. The interior includes floor drains and a 20-foot sidewall height. The property also features an extra outdoor storage area. The total property size is 11,760 square feet.

    Local Financial Insights For Warehouse

    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 $105.8k $9.00
    − Vacancy −$7.4k −$0.63
    EGI $98.4k $8.37
    − OpEx −$14.8k −$1.26
    NOI $83.7k $7.11
    11,760 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.20M
    $1.05M – $1.39M (±1% cap)
    NOI $83,667 @ 7.0% cap · market cap 5.67%
    Second Best
    Industrial
    $984.3K
    $861.3K – $1.15M (±1% cap)
    NOI $68,902 @ 7.0% cap · market cap 4.67%
    Theoretical Best
    Specialty Retail
    $2.17M
    $1.90M – $2.53M (±1% cap)
    NOI $152,092 @ 7.0% cap · market cap 10.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Auto Parts Store Department Store Hotel & Motel Food Market Electrical Service Car Rental Facility Storage Facility HVAC Service Computer & Electronic Repair

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

    Similar Places Nearby

    • ABC Mini Storage — 295 6th St NW, West Fargo, ND 58078
    • Busch Agricultural Resources — 1002 Main Ave W, West Fargo, ND 58078
    • Pure Performance Motorcycles — 373 7th St NW, West Fargo, ND 58078
    • West Fargo Storage — 340 8th St W, West Fargo, ND 58078
    • North American Van Lines — B, 1830 4th Ave NW B1, West Fargo, ND 58078

    Location Insight

    • Map
    • Local Demand
    City
    West Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.9459069
    Latitude
    46.878846

    Nearby Similar for Sale

    • $4,377,500
      11,957 SF

      West Fargo Retail Investment Opportunity

      Fully occupied retail property with strong tenant mix for sale.
      3163 Bluestem Dr, West Fargo, ND
      View Details
    • $995,000
      37,543 SF

      Grain Storage Facility For Sale

      37,543 SF grain storage facility on 12 acres.
      1002 Main Ave W, West Fargo, ND
      View Details
    • $950,000
      2,891 SF

      Retail Space at EPIC

      902 SF retail space in multi-use building.
      3140 Sheyenne St, West Fargo, ND
      View Details
    • $231,000
      1,848 SF

      Commercial Shop For Sale

      Pre-sale commercial shop space, versatile for business or storage.
      428 29th Ct NW, West Fargo, ND 58078
      View Details
    • $8,500,000
      8,000 SF

      Retail Space Near Costco

      Turn-key retail space anchored by Costco with high traffic.
      815 23 Ave E, West Fargo, ND
      View Details
    • $3,815,840
      23,849 SF

      West Fargo Bank Office Building

      Two-story bank building on 4+ acres in West Fargo.
      901 13th Ave E, West Fargo, ND 58078
      View Details
    • $4,377,500
      11,957 SF

      Fully Leased West Fargo Center

      Class A shopping center on West Fargo's premier retail corridor.
      3155 & 3163 Bluestem Dr, West Fargo, ND 58078
      View Details
    • $2,650,000
      6,005 SF

      Turnkey Restaurant and Sports Bar

      6,005 SF restaurant/bar on 1.31 acres, includes liquor license.
      1640 13th Ave E, West Fargo, ND 58078
      View Details
    • $2,250,000
      16,015 SF

      West Fargo Office and Shop

      16,015 SF office and shop building in West Fargo.
      2528 Main Ave W, West Fargo, ND 58078
      View Details
    • $1,140,000

      Established Window Installation Business Opportunity

      Thriving window installation business for sale in Eastern North Dakota.
      123 1, West Fargo, ND 58078
      View Details

    FAQs

    What type of property is this?
    Warehouse - New freestanding steel building with I-94 access and outdoor storage.
    Where is this warehouse located?
    The property is located at 2520 Main Ave W West Fargo, ND.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: Newly built free standing steel building; Located just off Main Avenue and I‑94; Several 28’ x 60’ bays
    (701) 371-5977 Call to check price and availability
    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: ND 8209
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2520 Main Ave W, West Fargo, ND 58078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!