610 University Dr, Fargo, ND 58102
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.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.