Property profile

117 Broadway Fargo, ND 58102

OFF-MARKET
Retail properties & Spaces
Property ID
US56-0068523
5,736 SF Built 1911
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Property summary

AI-generated overview

Exceptional investment opportunity in downtown Fargo, North Dakota. This value-add retail property consists of two storefronts totaling 5,736 square feet at 117 and 119 Broadway N, zip code 58102, located less than a block from Broadway Square. Built in 1911, the property boasts a strong 7.00% cap rate and a current Net Operating Income (NOI) of $77,752, with an asking price of $1,110,000 ($193.51 per square foot). Currently 100% occupied, this property benefits from high foot traffic due to its prime location within a densely populated area with approximately 5,000 residents nearby and 20,000 employees in the downtown Fargo neighborhood. The prominent windowed storefronts provide excellent visibility and exposure. Potential Opportunity Zone tax benefits may apply. This is a rare chance to acquire a well-positioned, income-producing retail asset in a thriving downtown area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1911
Total area 5,736 SF
UPID US56-0068523

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Real Estate Agency
  • Restaurant

Location

117 Broadway Fargo, ND 58102
Fargo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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