Listed by Horizon Real Estate Group
$3,377,026
The Shops On 1st
Details
Property Type Industrial, Office
Sub Type Executive Office, Warehouse
Net Rentable (SqFt) 41,305
Units 145
Cap Rate 8.40%
NOI $283,360
Occupancy 100%
Lease Type NNN
Class B
Year Built 1993,1977,1979
Buildings 8
Acreage 3.050
Zoning GC
Investment Type Value Add
Ground Lease No
Industrial | 8.4% CAP
Marketing description
Rare opportunity to acquire an industrial investment portfolio featuring a mix of affordable shop space and self-storage. Ideally situated in a prime location, the property boasts strong occupancy, solid returns, and a diverse tenant mix. Delivers a solid return on investment with actual 2025 NOI of $283,360
Investment highlights
- Delivers a solid return on investment with actual 2025 NOI of $283,360
- A total of approximately 25,305 square feet of rentable shop space and 15,985 square feet of self storage
- Includes a diverse mix of affordable shop bays and self-storage, centrally located in Fargo
- Rare opportunity to acquire a well-rounded and diverse industrial portfolio
- Prime location with excellent visibility and access
- Strong occupancy across all property types
- Low Specials!
- Interested buyers to call for financials
- 1709 BUILDING
- KEY HIGHLIGHTS
- Number of Shop Units 14
- Average Unit Size 998 SF
- OH Door Size: 10'
- Occupancy 100%
- Year Built: 1977
- Construction: Block w/ Steel Siding
- Total Building Size +/- 13,974 Square Feet
- 1617 BUILDING HIGHLIGHTS
- KEY HIGHLIGHTS
- Number of Units 4
- Average Unit Size 1,329 Square Feet
- OH Door Size: 12'
- Occupancy 100%
- Year Built: 1979
- Total Building Size: +/- 5,316 Square Feet
- KEY HIGHLIGHTS
- Number of Shop Units 3
- Average Unit Size 2,005 Square Feet
- OH Door Size: +/- 14'
- Occupancy 100%
- Year Built: 1977
- Total Building Size +/- 6,015 square Feet
- STORAGE UNITS
- KEY HIGHLIGHTS
- Number of Units 124
- Unit Size(s) 5' x 5' - 10' x 25'
- Occupancy 83%
- Total Building Size +/- 15,985 square feet
Listing Contacts
Listed by Horizon Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$283,360.00
$23,613.33/mo
Valuation Metrics
0
DSCR
8.39%
Cap Rate
8.39%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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View all 49 uses
View all 49 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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