Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3072 45Th St S Fargo, ND 58103

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,000

    Retail property for sale with 2,777 square feet.

    Property size:
    2,777 SF
    Lot size:
    0.72 Acres

    Property Features for 3072 45Th St S

    General Information

    Size
    2,777 SF
    Lot size
    0.72 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

    Retail Property in Fargo, ND

    This retail property, located in Fargo, ND, offers 2,777 square feet of space. The property is suitable for retail and other retail purposes.
    Location Intelligence

    Current Use by Public Records

    Hardee's Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8609357
    Latitude
    46.8350762

    Nearby Similar for Sale

    • $350,000
      13,270 SF

      Historic Downtown Office/Retail Space

      Renovated historic building with high visibility and flexible floor plans.
      627 Northern Pacific Ave, Fargo, ND
      View Details
    • $3,900,000
      2,325 SF

      New Construction NNN Restaurant

      New construction restaurant with a long-term lease and zero responsibilities.
      3971 53Rd Ave S, Fargo, ND 58104
      View Details
    • $2,250,000
      25,000 SF

      Historic Fargo Building For Sale

      Renovated 25,000 SF building with flexible occupancy options.
      315 5Th St N, Fargo, ND 58102
      View Details
    • $1,670,761
      7,200 SF

      Retail Center on 25th Street

      Fully occupied retail center in high-traffic Fargo location.
      1326 25Th St S, Fargo, ND 58103
      View Details
    • $3,377,026
      46,606 SF

      Fargo Industrial and Storage Portfolio

      Diverse industrial and self-storage portfolio in a prime Fargo location.
      1717 1St Ave N, Fargo, ND 58103
      View Details
    • $2,375,500
      4,200 SF

      Mixed-Use Property with Multifamily Units

      Retail space with multifamily units and established tenant.
      228 Broadway N, Fargo, ND 58102
      View Details
    • $745,000
      5,513 SF

      Retail Condos in Downtown Fargo

      Fully leased retail condos in a vibrant downtown location.
      300 Broadway N, Fargo, ND 58102
      View Details
    • $1,110,000
      5,736 SF

      Historic Mixed-Use Building Near Broadway

      Mixed-use building with retail and residential units near Broadway.
      117-119 Broadway N, Fargo, ND 58102
      View Details
    • $900,000
      22,642 SF

      Downtown Fargo Legion Building For Sale

      Former Legion Building in downtown Fargo, across from RDO Tower.
      505 3Rd Ave N, Fargo, ND 58102
      View Details
    • $17,000,000
      69,727 SF

      Historic Black Building in Fargo

      Historic building in downtown Fargo with skyway access.
      114-118 Broadway N, Fargo, ND 58102
      View Details
    • $134,700
      2,560 SF

      Office Space on South University

      Office space with private offices and reception area for sale.
      2534 S University Dr, Fargo, ND 58103
      View Details
    • Contact for pricing
      60,644 SF

      Two-Story Office Building with Rail

      Two-story office building with cold storage, rail spur, and yard.
      115 31St St S, Fargo, ND 58103
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property for sale with 2,777 square feet.
    Where is this retail property located?
    The property is located at 3072 45Th St S Fargo, ND.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - 2,777 square feet of retail space available for sale.
    (701) 356-5099
    Request Owner's contact information
    3072 45Th St 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.
    3072 45Th St 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
    3072 45Th St 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.