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Property profile & analytics
OFF-MARKET
Office Units

304 10Th St Fargo, ND 58102

6,500 SF 0.15 ac lot Built 1989
Entity Owned 7-yr Hold
Property ID
US56-0045985
Property summary
AI-generated overview

This exceptional Fee-Simple creative office building in downtown Fargo, North Dakota presents a unique owner-user opportunity. Located at 304-308 10th St N, this 6,500 square foot property boasts 4,072 square feet of net rentable space, spread across two units within a 0.15-acre lot. Built in 1989, the building offers ample parking with 22 spaces. The property's current configuration includes a top-floor apartment and a Pilates studio on the main floor, both secured by a long-term lease with a personal guarantee, providing immediate and stable income. The ground floor offers versatility, allowing for immediate occupancy as your own office space or the potential to lease it back to the current owner for up to two years. This provides a flexible investment strategy, allowing for immediate income while planning for future expansion or long-term leasing. The building's location in the heart of downtown Fargo ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential in a thriving urban environment. The property offers 100% lease potential, making it an attractive investment for both owner-occupiers and investors seeking a strong return. Don't miss this chance to own a piece of Fargo's vibrant downtown.

Property profile
Verified
Property type Office Units
Year built 1989
Total area 6,500 SF
Lot 0.15 ac (6,534 SF)
UPID US56-0045985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Helenske Design Group Architect
  • Holly & Company Classic Homes Construction Company General Contractor
  • Justin Berg Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Grassroots Real Estates LLC · 7 yrs held
Grassroots Real Estates LLC
since 2019
4 recorded transactions
2024
Price N/A
2019
$680,000
2019
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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