201 5Th StFargo, ND 58102

Property Details for 201 5Th St

Year built

1984

Lot size

0.35 AC

Property size (Sq ft)

121,240 SF

Zone code

DMU

Property type

Hospitality properties

Property subtype

Hotels

APN

01-1520-00920-010

APU

1152000920010

Description

This exceptional 8,000-square-foot Class A office space, located on the 14th floor of the Radisson in Fargo, North Dakota, presents a unique investment opportunity. Boasting breathtaking floor-to-ceiling windows offering panoramic city views, this executive-ready space is ideal for a variety of uses, including executive, medical, or traditional office settings. Built in 1984, the property features a desirable location at 201 5th St N, Fargo, ND 58102 (APN: 01-1520-00921-000) and is priced at $960,000 ($120 per square foot). The building offers unparalleled convenience with an attached city-owned parking ramp, eliminating parking hassles for employees and clients. Beyond the stunning views and spacious layout, tenants enjoy access to a wealth of on-site amenities, including a 5,000-square-foot event space, a fully equipped fitness center, catering services, a restaurant, multiple lounges and bars, a convenient coffee shop, and comprehensive mail and package services. This property represents a rare opportunity to acquire a prestigious office space in a vibrant downtown location with exceptional building amenities. The property consists of one building and is situated in Cass County.

• CAP approach

  CAP return

  Valuation

  6%

  $25,318,408

  6.5%

  $23,370,838

  7%

  $21,701,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,542,011

  Geo Method

  $14,542,011

• Alternative Use

  Use

  Valuation

  Residential

  $25,514,166

  Hospitality

  $23,370,838

  Educational

  $19,444,264

  Medical

  $20,112,982

  Retail

  $30,246,632

Location Insight

City

Fargo

County

Cass

State

North Dakota

Latitude

46.8783

Longitude

-96.7859

CBSA code

22020

CBSA name

FARGO, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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