Former Restaurant Building For
1212 36th St S Fargo, ND 58103
1212 36th St S, Fargo, ND, 58103
Contact for pricing
For Sale
Contact for pricing
Former quick service restaurant building for sale or lease.
Property Size4,284 SF
Price / SF$221.76
Days on Market955
Property Features for 1212 36th St S
General Information
- Standard status
- Active
- Size
- 4,284 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2014
Listing Agency
Goldmark Commercial Real Estate Inc
(701) 893-2826
Listed by
Paul Campbell · License #ND 10554
Source
Crexi
Added: Dec 9, 2023 Updated: Jul 6 at 7:56 am Checked: Jul 19 at 7:51 am
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 Goldmark Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This is a former restaurant building available for sale or lease, situated at the crossroads of I-29 and 13th Avenue S. The stand-alone quick service restaurant building features a visible pylon sign, a large parking lot, and a drive-thru. Traffic counts near the property include over 66,000 on I-29 and 27,000 on 13th Avenue. The building has a total area of 4284 square feet. Inside, the turn-key restaurant space includes seating areas, booth fixtures, a large order counter, a kids play area, two restrooms, a kitchen area with equipment available, sinks, and an office area. This property is suitable for a new business or investment.
Key Highlights
- High‑traffic location at the intersection of I‑29 and 13th Avenue S.
- Turn‑key quick service restaurant space with existing seating areas, order counter, and kitchen area with equipment available.
- Stand‑alone building with drive‑thru.
Local Financial Insights For Specialty Retail
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 | $69.4k | $16.20 |
| − Vacancy | −$3.8k | −$0.89 |
| EGI | $65.6k | $15.31 |
| − OpEx | −$16.4k | −$3.83 |
| NOI | $49.2k | $11.48 |
4,284 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$702.7K
$614.9K – $819.8K
NOI $49,188 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$929.3K
$813.2K – $1.08M
NOI $65,052 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Former quick service restaurant building for sale or lease.
Where is this drive through restaurant located?
The property is located at 1212 36th St S Fargo, ND.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of I‑29 and 13th Avenue S.; Turn‑key quick service restaurant space with existing seating areas, order counter, and kitchen area with equipment available.; Stand‑alone building with drive‑thru.
