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    OFF-MARKET
    Distribution centers

    610 University Dr, Fargo, ND 58102

    21,087 SF Built 1941
    Property ID
    US56-0746313
    Property summary
    AI-generated overview

    This 21,087-square-foot warehouse, located at 610 N University Dr in Fargo, ND, presents a unique investment opportunity. Built in 1941 and extensively renovated in 2021 ($1.5 million in improvements), this single-story building sits on a 67,528-square-foot lot (APN: 01-2340-00020-000) and boasts prime visibility on a major arterial road. The property features one loading dock with one dock-high door, four overhead doors, and six aluminum exterior doors. Interior improvements include new bathrooms, new windows throughout, and a complete interior fit-up. Exterior enhancements include a new asphalt parking lot, storm sewer, concrete sidewalks and stoops, a 6" split face retaining wall, landscaping, and an irrigation system. The building also includes a perimeter fence, exterior paint, a fire suppression system, tankless water heaters, a boiler, four rooftop air handling units, and two mini-splits. Utilities include a 6" water main. Environmental remediation has been completed, addressing a former diesel tank and contaminated soil, as well as asbestos abatement. Zoned General Commercial (GC), this vacant property is available for a NNN lease at an asking price of $2,950,000. The property's location offers unparalleled access to downtown Fargo and North Dakota State University, ensuring high foot traffic and a vibrant neighborhood atmosphere.

    Property profile
    Verified
    Property type Distribution centers
    Year built 1941
    Total area 21,087 SF
    APN 01-2340-00020-000
    UPID US56-0746313
    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
    • Nice Barber Company Barber Shop
    • Fargo Brewing Company Production Facility Brewery & Distillery
    • Nova Eatery Restaurant
    • Fargo Craft Coalition Production Facility Brewery & Distillery
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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