Property profile

1401 Oak Mnr S Ave Fargo, ND 58103

OFF-MARKET
Office buildings
Property ID
US56-0036816
17,310 SF 1.37 ac lot Built 1966
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 17,310 square foot commercial property, located at 1401 Oak Manor Ave S in Fargo, North Dakota, 58103, presents a unique investment opportunity. The building is classified as both retail and office space, currently configured as a single-tenant occupancy. The property boasts 4,605 square feet of readily available space, ideal for a variety of uses. Its previous use as a veterinary clinic suggests its suitability for medical office practices, but the adaptable layout allows for diverse configurations to meet the needs of various businesses. The building's convenient location just off University Drive ensures high visibility and accessibility. Ample parking is available, a significant advantage for businesses requiring substantial parking for staff and clients. The property's size and layout offer flexibility for businesses seeking a substantial footprint in a thriving Fargo neighborhood. This is a rare opportunity to acquire a well-situated, versatile commercial space in a desirable location. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this exceptional property.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Total area 17,310 SF
Lot 1.37 ac (59,691 SF)
Zoning code LC
APN 01-2210-00032-000
UPID US56-0036816

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
  • Veterinary Clinic
  • Daycare Center
  • High School Daycare Center

Location

1401 Oak Mnr S Ave Fargo, ND 58103-8020
Fargo metro Census 1003 FARGO, ND-MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$809k
Blend (final) Blend
$405k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2024
$1.5M
2022
Price N/A
2020
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LC · Fargo, ND
Zoning description

The LC, Limited Commercial district is primarily intended to accommodate low-intensity office and retail sales and service uses.

General category COMMERCIAL

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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