4720 7Th Ave Fargo, ND 58103
This exceptional investment opportunity presents a 1-story, 11,590 square foot Class B office building situated on a 51,690 square foot lot in Fargo, North Dakota. Built in 1999 and renovated in 2015, the property boasts 7 units with an 80% occupancy rate, generating a strong NOI of $106,546 and a 7.50% cap rate. The asking price is $1,420,000, translating to $122.52 per square foot. The property is zoned for commercial use and operates under a NNN lease structure. This multi-tenant building offers a blend of creative and traditional office spaces, making it an attractive option for a diverse range of businesses. The property's location at 4720 7th Ave S, Fargo, ND 58103, within Cass County, provides excellent access to key amenities and transportation routes. The property is held in trust and its APN is 01-3880-01561-000. This value-add investment presents a compelling opportunity for growth and strong returns. The property's stabilized nature and proven cash flow make it an ideal addition to any portfolio.
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Friendship Inc. Social Service Agency Charitable Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.