Building Details

Construction post frame steel lined

Listing Agency: Uptown Real Estate s**@uptown.properties Show Phone

Listed By: Samantha Johnston · License #40928898 Show Phone

Source: Exprealty

Added: Jan 28 Changed: Oct 9 Last Checked: Oct 15 at 2:06AM

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Investment Insights

Based on property information with market context.

This offering features a 28' x 60' post-frame steel-lined shop condo designed for business use and storage. Each unit includes natural gas heat, a floor drain, and a private bathroom with a wash tub. The property is fenced, with a gated entrance for controlled access.

The unit is located at D-4764 25th St N in Fargo, ND. Additional upgrades are available, including options such as a mezzanine, epoxy floor, added electrical, and A/C.

The configuration is purpose-built for working storage needs, combining heated interior space with plumbing and drainage in place, along with the benefit of a fenced, gated site.

Key Highlights

• 28' x 60' shop condo with post‑frame, steel‑lined construction
• Natural gas heat plus a bathroom and wash tub in each unit
• Includes a floor drain in the shop area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,806

Cap Rate

7.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$296,120 $296.1K

Cap Rate 7%

$211,514 $211.5K

Cap Rate 9%

$164,511 $164.5K

Market Conditions

NOI Build-Up for 1,680 SF

Gross rent

$18.1K $10.80/SF

− Vacancy

−$726 −$0.43/SF

EGI

$17.4K $10.37/SF

− OpEx

−$2.6K −$1.56/SF

NOI

$14.8K $8.81/SF

Area

Fargo, ND

Vacancy

4.00%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$296,120

Cap Rate 7%

$211,514

Cap Rate 9%

$164,511

Alternative Uses

Best Use

Warehouse

$211.5K

$185.1K – $246.8K (±1% cap)

NOI $14,806 @ 7.0% cap · market cap 7.05%

Second Best

Self Storage

$194.7K

$170.4K – $227.2K (±1% cap)

NOI $13,632 @ 7.0% cap · market cap 6.49%

Theoretical Best

Office A

$364.4K

$318.9K – $425.2K (±1% cap)

NOI $25,510 @ 7.0% cap · market cap 12.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

1,089

Businesses Nearby

Explore this area Business Placement

Demographics for 58103, ND

46,754

Population

25,241

Households

1.9

Avg Household Size

36

Median Age

37%

College-Educated

93%

High-School Grad

11.5 sq mi

ZIP Area

4,066

Density / Sq Mi

$57,699

Median Household Income

$38,241

Median Earnings

$831

Median Rent

$239,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Self storage facility - Steel-lined shop condo offers natural gas heat, a floor drain, and a bathroom with wash tub in each unit.

Where is this self storage facility located?

The property is located at D-4764 25th 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: 28' x 60' shop condo with post‑frame, steel‑lined construction; Natural gas heat plus a bathroom and wash tub in each unit; Includes a floor drain in the shop area