Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1415 2Nd Ave Fargo, ND 58102
    Back to Search
    Property profile & analytics

    1415 2Nd Ave, Fargo, ND 58102

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1415 2Nd Ave

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional lease opportunity presents a warehouse and an additional 1,100 square foot flex space building in desirable Downtown Fargo. Conveniently located with easy access to University Drive, this property offers a single-tenant occupancy. The main warehouse building size is not currently specified. The lease for the current tenant expires March 1, 2025, making this space available for occupancy on that date. Both the main warehouse and the smaller flex space building command the same rental rate. This presents a unique chance to secure a versatile industrial space in a thriving urban location. The property is situated in Cass County and is categorized as an industrial property of the warehouse subtype. The combined space offers significant potential for a variety of businesses seeking a central Fargo location with convenient access to major thoroughfares. The availability date provides ample time for planning and preparation for a smooth transition. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property's exact square footage will be provided upon request. This is a single-tenant property, ensuring exclusive use of the space. The location in Downtown Fargo offers excellent visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.802
    Latitude
    46.879

    Comparable in this City

    • Value Estimation by Request
      195,000 SF

      3401 46Th Ave

      Distribution properties
      3401 46Th Ave, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      40,314 SF

      720 14Th St

      Distribution properties
      720 14Th St, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      21,087 SF

      610 University Dr

      Distribution properties
      610 University Dr, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      217,810 SF

      2880 42Nd St

      Refrigerated & Cold Storage
      2880 42Nd St, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      20,850 SF

      1302 40Th St

      Distribution properties
      1302 40Th St, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      1,344 SF

      1818 Sheyenne Lp

      Distribution properties
      1818 Sheyenne Lp, Fargo, ND 58102
      View Details

    Similar Nearby for Sale

    • $2,950,000
      21,087 SF

      Fargo Warehouse: Historic Charm

      21,087 SF Warehouse, NNN Lease, Vacant
      610 University Dr, Fargo, ND 58102
      View Details
    • Contact for pricing
      207,000 SF

      Fargo Warehouse Space Available

      207,000 SF warehouse space for lease in Fargo.
      5100 37Th Ave N, Fargo, ND 58102
      View Details
    • Contact for pricing
      217,810 SF

      Fargo Warehouse Space Available

      217,810 SF warehouse space for lease in Fargo.
      2812 42Nd St N, Fargo, ND 58102
      View Details
    • Contact for pricing
      1,920 SF

      North Fargo Shop Condo For Sale

      Shop condo with office space, mezzanine, and overhead door.
      4102 14Th Ave N, Fargo, ND 58102
      View Details
    • Contact for pricing
      5,040 SF

      Fargo Shop Condos For Sale

      Versatile shop condos with yard space, ideal for various uses.
      1804 Sheyenne Lp N, Fargo, ND 58102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,000 SF

      Fargo Warehouse with Rail Spur

      Warehouse with centralized location, fenced facility, and private rail.
      2305 Great Northern Dr N, Fargo, ND 58102
      View Details
    • Contact for pricing
      266,200 SF

      Fargo Warehouse Space Available

      New warehouse development with flexible space and convenient location.
      3034 43Rd St North, Fargo, ND 58102
      View Details
    • $5 SF/Yr
      33,400 SF

      Fargo Industrial Building Sublease Opportunity

      33,000 SF industrial building with office space for sublease.
      1402 43Rd St North, Fargo, ND 58102
      View Details
    • Contact for pricing
      72,600 SF

      Spacious Warehouse with Loading Docks

      72,600 SF warehouse featuring multiple loading docks and drive-ins.
      2466 42Nd St North, Fargo, ND 58102
      View Details
    • Contact for pricing

      New Warehouse Space in Fargo

      218,000 SF warehouse with expansion potential in Fargo, ND.
      2880 42Nd St N, Fargo, ND 58102
      View Details
    • Contact for pricing
      5,768 SF

      Industrial Building with Large Yard

      5,768 SF industrial space with 1.32-acre yard for lease.
      5 23Rd St N, Fargo, ND 58102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1415 2Nd Ave
    Fargo, ND 58102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1415 2Nd Ave, Fargo, ND, 58102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!