1532 1St Ave Fargo, ND 58102
This 1,500-square-foot shop condo, built in 2021, is ideally situated near downtown Fargo, North Dakota, offering a blend of convenience and security. Located at 1532 1st Ave N, Fargo, ND 58102 (APN: 01-8785-00100-003), this single-story, vacant unit is priced at $229,000, or $152.67 per square foot. The property sits on a 3,372-square-foot lot and is zoned for Limited Industrial use. Features include an 18-foot ceiling height, perfect for various business needs or mezzanine addition. The building boasts a fully-fenced perimeter with a controlled access gate and ample exterior lighting. Interior amenities include full insulation, a restroom, a Reznor gas heater, energy-efficient LED lighting, and a floor drain. This versatile space is perfect for a range of commercial or personal uses. The property's central location and modern features make it an attractive investment opportunity. The unit is currently vacant and ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.