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    Modern Commercial Property in Fargo Title is generated by Realmo AI

    4687 27 St N, Fargo, ND 58102

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    Modern 1500 sq. ft. commercial property in Fargo, ND.

    Type:Industrial
    Property size:
    1,500 SF
    Price / SF:
    $140/SF
    Added:
    Jul 9, 2024
    Days on Market:
    700
    Last Refresh:
    May 12 at 10:56 pm

    Property Features for 4687 27 St N

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2024

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    Listing Contact
    Neal Beitelspacher

    Listing agent Neal Beitelspacher License #ND 8294

    Listing office Dakota Commercial Fargo

    Listing date Jul 9, 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 Dakota Commercial Fargo

    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
    • Bathroom with ADA compliance and utility sink
    • Separate metered service and 200 Amp electrical panel
    • Concrete parking lot and 80‑foot concrete slab between buildings

    Overview

    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.

    Local Financial Insights For Flex RnD

    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 $19.8k $13.20
    − Vacancy −$1.2k −$0.79
    EGI $18.6k $12.41
    − OpEx −$6.5k −$4.34
    NOI $12.1k $8.07
    1,500 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $172.8K
    $151.2K – $201.6K (±1% cap)
    NOI $12,098 @ 7.0% cap · market cap 5.76%
    Second Best
    Industrial
    $146.1K
    $127.9K – $170.5K (±1% cap)
    NOI $10,228 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Office A
    $325.4K
    $284.7K – $379.6K (±1% cap)
    NOI $22,777 @ 7.0% cap · market cap 10.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Auto Repair Shop Kitchen & Bath Showroom HVAC Service Storage Facility Garden Center Electronics & Wireless Store Car Rental Facility (Bike/Boat/Book/etc) Store Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8208041
    Latitude
    46.9411577

    FAQs

    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 4687 27 St N Fargo, ND.
    What is the asking price?
    The asking price for this property is $210,000.
    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
    More about this property
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