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    503 7Th St Fargo, ND 58102

    Sponsored
    For Sale
    $5,750,000

    Historic Charm, High NOI, 100% Occupancy

    Property size:
    44,963 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This meticulously renovated, four-story, 44,963 square foot Class B office building in downtown Fargo, ND boasts 100% occupancy with four tenants under gross leases. Built in 1920 and renovated in 2020, the property features 114 parking spaces and sits on a 37,000 square foot lot. The asking price is $5,750,000, representing a $127.88 per square foot price and a 7.73% cap rate with a $444,244 NOI. Located at 503 7th St N, Fargo, ND 58102, this stabilized investment enjoys a prime location near major employers, cultural attractions, and amenities. The property is zoned Commercial/Industrial and offers end-of-term rent escalations. This is a rare opportunity to acquire a high-performing asset in a thriving downtown market. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an exceptional investment opportunity.

    Property Features for 503 7Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    44,963 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1920/2020
    Buildings
    1
    Stories
    4
    Units
    4

    HighLights

    • Prime downtown Fargo location, steps from amenities, including the Fargo Theatre and Plains Art Museum.
    • Proximity to major employers like Sanford Health, RDO, and Bell Bank.
    • Excellent access to major roadways and the thriving Fargo‑Moorhead business district.
    • Ideal for office investors or owner‑occupiers seeking a vibrant, central location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bushel Software Company Danielson Legal LLC Attorney Money Farm Consultant AdShark Marketing Agency John Borge Studios Photographer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.789656
    Latitude
    46.8814754

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, High NOI, 100% Occupancy
    Where is this office property / space located?
    The property is located at 503 7Th St Fargo, ND.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: Prime downtown Fargo location, steps from amenities, including the Fargo Theatre and Plains Art Museum.; Proximity to major employers like Sanford Health, RDO, and Bell Bank.; Excellent access to major roadways and the thriving Fargo-Moorhead business district.
    Request Owner's contact information
    503 7Th St Fargo, ND 58102
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    Realmo Value Estimation

    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.

    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.

    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
    503 7Th St Fargo, ND 58102
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