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Property profile & analytics
OFF-MARKET
Office Units

818 Main Ave Fargo, ND 58103

5,200 SF
Entity Owned 8-yr Hold
Property ID
US56-0050988
Property summary
AI-generated overview

This exceptional 5,200-square-foot Class B office building, located at 818 Main Ave in Fargo, North Dakota, presents a rare investment opportunity. Currently 100% occupied under an Absolute NNN lease, this single-story structure boasts high-quality finishes and offers significant potential for both owner-occupants and investors. The property features two entrances, thirteen individual offices, a spacious bullpen/cube area, a large conference room with a skylight, a convenient kitchenette, and dedicated reception and work areas. Situated on a 7,000-square-foot lot in a vibrant downtown Fargo location, the building benefits from ample parking. The asking price is $850,000, representing a compelling $163.46 per square foot and an 8.50% cap rate. Zoned for commercial use, this versatile property is ideally suited for a wide range of professional uses, including medical practices, financial services, co-working spaces, and architectural or engineering firms. The building has been meticulously maintained and offers a turnkey solution for immediate occupancy or a strong, stable income stream. This is a truly exceptional opportunity in a thriving North Dakota market. The property is located in Cass County, zip code 58103.

Property profile
Verified
Property type Office Units
Total area 5,200 SF
UPID US56-0050988
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
  • David A Skjerven & Associates Inc Financial Advisor
  • Producers Financial Group Insurance Agency
  • North Dakota Life & Health Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tas LLC · 8 yrs held
Tas LLC
since 2018
2 recorded transactions
2023
Price N/A
2018
$800,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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