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    South Fargo Office Suite Available Title is generated by Realmo AI

    827 28th St S Suite B, Fargo, ND 58103

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    Office suite for sale in South Fargo near 13th Avenue.

    Type:Office
    Property size:
    3,200 SF
    Price / SF:
    $165/SF
    Added:
    Jul 24, 2024
    Days on Market:
    714
    Last Refresh:
    Jul 4 at 1:44 pm

    Property Features for 827 28th St S Suite B

    General Information

    Standard status
    Active
    Size
    3,200 SF
    Property subtype
    Office

    Building Details

    Year Built
    1989

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    Paul Campbell
    Paul Campbell

    Listing office Goldmark Commercial Real Estate Inc

    Listing date Jul 24, 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 Goldmark Commercial Real Estate Inc

    HighLights

    • Rare opportunity to own an office suite in South Fargo in this size and price range.
    • Located near busy 13th Avenue and 25th Street with numerous professional and retail businesses nearby.
    • 3,200 SF uniquely designed office building.
    • Over a dozen rooms for offices and conference rooms, work areas, and private restrooms.
    • Front door parking, adequate parking, and direct exterior access.
    • Association handles snow removal and lawncare.

    Overview

    This 3,200 square foot office suite is located in South Fargo, near 13th Avenue and 25th Street, with proximity to professional and retail businesses. The uniquely designed office building features front door parking and direct exterior access. The interior includes a reception area, over a dozen rooms suitable for offices and conference rooms, work areas, and private restrooms. Numerous improvements have been made since 2018. The association handles snow removal and lawncare. This property presents an opportunity for an owner-occupier or investor.

    Local Financial Insights For Office B

    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 $59.5k $18.60
    − Vacancy −$9.5k −$2.98
    EGI $50.0k $15.62
    − OpEx −$12.5k −$3.91
    NOI $37.5k $11.72
    3,200 SF · lease $18.60/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $535.7K
    $468.7K – $625.0K (±1% cap)
    NOI $37,498 @ 7.0% cap · market cap 7.08%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $694.2K
    $607.4K – $809.9K (±1% cap)
    NOI $48,591 @ 7.0% cap · market cap 9.17%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Corwin Family Dentistry Dental Office Brant David G ... Dental Office Advanced Dental Technology ... Dental Office Megan L. Neppl, ... Physician Professional Insurance Agents Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Pharmacy Grocery & Convenience Store Wine and Liquor Store Travel Agency Nursing Home Kitchen & Bath Showroom Bed & Breakfast Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8255353
    Latitude
    46.8657154

    FAQs

    What type of property is this?
    Office units - Office suite for sale in South Fargo near 13th Avenue.
    Where is this office units located?
    The property is located at 827 28th St S Suite B Fargo, ND.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: Rare opportunity to own an office suite in South Fargo in this size and price range.; Located near busy 13th Avenue and 25th Street with numerous professional and retail businesses nearby.; **3,200 SF uniquely designed office building.**
    (701) 893-2826 Call to check price and availability
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