Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    808 3Rd Ave S Fargo, ND 58103

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr ($746 /Mo)

    Office space for lease with free parking downtown.

    Property size:
    560 SF
    Lot size:
    1.61 Acres

    Property Features for 808 3Rd Ave S

    General Information

    Size
    560 SF
    Lot size
    1.61 Acres

    We can help!

    Listing Contact
    Jay Nelson
    Source: Moodyscre

    Listing Agent: Jay Nelson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Adjacent Office For Lease

    This office space, totaling 560 square feet, is available for lease. It is located adjacent to downtown and offers free parking. The office is situated right off the elevator. Shared vending is available in the lower level.
    Location Intelligence

    Current Use by Public Records

    Mary Schimke, REALTOR Real Estate Agent Affinity Counseling & Education ... Mental Health Service Tallakson Martin Family Counselor Fargo-Cats Inc Computer Training School Vickers Law Legal Services

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.7921424
    Latitude
    46.8712023

    Nearby Similar for Lease

    • $21 SF/Yr

      Prime Retail or Office Space

      Expansive property ideal for retail or professional offices with storage.
      2600 52Nd Ave S, Fargo, ND 58104
      View Details
    • $13 SF/Yr
      745 SF

      Historic Downtown Office Space

      Renovated office space in historic downtown building.
      117 Np Ave N, Fargo, ND 58102
      View Details
    • $19 SF/Yr

      Downtown Fargo Retail/Restaurant Space

      Prime downtown location with historical charm and modern amenities.
      420 Broadway N, Fargo, ND 58102
      View Details
    • $18 SF/Yr
      3,150 SF

      Remodeled Office Space For Lease

      Well-maintained, recently remodeled office space in a desirable location.
      4612 Amber Valley Pkwy S, Fargo, ND 58104
      View Details
    • Contact for pricing
      1,410,000 SF

      Dakota Commerce Center: Fargo, ND

      Class A Industrial Space - Flexible Options
      5050 37Th St, Fargo, ND 58102
      View Details
    • Contact for pricing
      266,200 SF

      Fargo Industrial Warehouse Space

      Modern warehouse, flexible spaces available
      3034 43Rd St, Fargo, ND 58102
      View Details
    • $9 SF/Yr
      2,160 SF

      Downtown Fargo Office Space Available

      Multiple office suites for rent in downtown Fargo landmark.
      26 Roberts St N, Fargo, ND 58102
      View Details
    • $12 SF/Yr
      34,092 SF

      Fargo Creative Office Sublease

      Prime Fargo Office Space Available
      5050 13Th Ave, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      42,046 SF

      32nd Center Retail Suite Available

      Prime Retail Space, Cass County, 1184 sq ft
      3003 32Nd Ave, Fargo, ND 58103
      View Details
    • $22 SF/Yr
      109,906 SF

      Fargo Executive Office Suites

      Prime Fargo Office Space Available
      4474 24Th Ave, Fargo, ND 58104
      View Details
    • $10 SF/Yr
      20,210 SF

      Downtown Fargo Office Space For Sale/Lease

      Historic building, flexible spaces, ample parking.
      64 4Th St, Fargo, ND 58102
      View Details
    • $7 SF/Yr
      158,400 SF

      Sky Warehouse: Fargo, ND

      Modern Food-Grade Warehouse Space Available
      4551 37Th St, Fargo, ND 58102
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for lease with free parking downtown.
    Where is this office space located?
    The property is located at 808 3Rd Ave S Fargo, ND.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Free parking; - Downtown adjacent location; - Office available for lease
    (701) 356-5099
    Request Owner's contact information
    808 3Rd Ave S Fargo, ND 58103
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    808 3Rd Ave S
    Fargo, ND 58103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    808 3Rd Ave S Fargo, ND 58103
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jay Nelson
    (701) 356-5099
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.