Modern Commercial Property in
For Sale
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4611 27 Street North, Fargo, ND 58102
Modern 1500 sq. ft. commercial property in Fargo, ND.
Property Size1,500 SF
Price / SF$143.33
Days on Market836
Property Features for 4611 27 Street North
General Information
Standard status
Active
Size
1,500 SF
Class
A
Property subtype
Industrial, Mixed Use, Self Storage
Zoning
Commercial
Building Details
Year Built
2024
Listing Agency:
Dakota Commercial Fargo
Listed By:
Neal Beitelspacher · License #ND 8294
Source:
Crexi
Added: Jul 9, 2024
Changed: Oct 21
Last Checked: Oct 20 at 8:30PM
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 Dakota Commercial Fargo
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Investment Insights
Based on property information with market context.
This modern commercial property is located in Fargo, ND. Unit 25, with 1500 sq. ft., is immediately available. The unit features a finished interior with a post-frame structure and 18’ sidewalls. It includes a bathroom with ADA compliance, a utility sink, and a 50-gallon water heater. The property is equipped with separate metered service, a ceiling mount gas unit heater, and a 200 Amp electrical panel. Additional features include a concrete parking lot, gutters & downspouts, and R50 ceiling insulation. Designed to City of Fargo standards, this property offers a solid investment opportunity. Access is facilitated by an 80-foot concrete slab between buildings.
Key Highlights
- Immediately available 1500 sq. ft. unit with finished interior
- Prime location in Fargo, ND, designed to City of Fargo standards
- Post‑frame structure with 18’ sidewalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,098
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,960
$242.0K
Cap Rate 7%
$172,829
$172.8K
Cap Rate 9%
$134,422
$134.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$19.8K $13.20/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$18.6K $12.41/SF
− OpEx
−$6.5K −$4.34/SF
NOI
$12.1K $8.07/SF
Area
Fargo, ND
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,960
Cap Rate 7%
$172,829
Cap Rate 9%
$134,422
Alternative Uses
Best Use
Flex RnD
$172.8K
$151.2K – $201.6K
NOI $12,098 @ 7.0% cap · market cap 5.63%
Second Best
Industrial
$146.1K
$127.9K – $170.5K
NOI $10,228 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$325.4K
$284.7K – $379.6K
NOI $22,777 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Modern 1500 sq. ft. commercial property in Fargo, ND.
Where is this flex space located?
The property is located at 4611 27 Street North Fargo, ND.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Immediately available 1500 sq. ft. unit with finished interior; Prime location in Fargo, ND, designed to City of Fargo standards; Post‑frame structure with 18’ sidewalls
