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    FOR LEASE
    Office buildings

    315 5Th St N, Fargo, ND 58102

    25,000 SF Built 1927
    Entity Owned 9-yr Hold
    Property ID
    US56-0036727
    Property summary
    AI-generated overview

    Introducing a prime investment opportunity at 315 5th Street North, Fargo, ND. This historic 25,000 SF building, originally constructed in 1927 and me meticulously renovated in 2018, offers timeless charm with modern functionality. With 100% occupancy, this property presents a compelling opportunity for the discerning Office/Office Building investor. Its ideal location in the vibrant Fargo area further enhances its appeal. The property also features flex and manufacturing space, along with a large basement, adding versatility and potential for expansion. The Seller currently occupies the Praireland Ag space in Suites E, F, G, and H. Seller is flexible in vacating some or all of this space to make room for the new owner. Additionally, the seller will entertain a leaseback of some of the flex and office space, providing additional flexibility for potential investors or an owner-user. Don't miss the chance to add this thriving asset to your portfolio

    Property profile
    Verified
    Property type Office buildings
    Year built 1927
    Total area 25,000 SF
    UPID US56-0036727
    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
    • Prairieland AG Agricultural Service
    • J K Engineers Engineer
    • Lauritsen & Associates Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Shark Properties LLC · 9 yrs held
    Shark Properties LLC
    since 2016
    1 recorded transaction
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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