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    670 4Th Ave Fargo, ND 58102

    Sponsored
    For Sale
    $5,200,000

    Historic building, strong lease, high NOI.

    Property size:
    25,657 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 25,657 square foot special purpose property located at 670 4th Ave N, Fargo, ND 58102. Built in 1912, this historic building sits on a 1.13-acre lot and is currently leased to the Sanctuary Event Center, a thriving business hosting weddings, concerts, and various events. The property boasts a strong, long-term lease with built-in annual rent increases, ensuring consistent cash flow. The asking price is $5,200,000, translating to a price per square foot of $202.67. The pro-forma net operating income (NOI) is $384,624, yielding a 7.40% pro-forma capitalization rate. Further income potential exists with 58 additional parking spaces available for lease at $75.00 per month. This property offers significant upside potential and may qualify for Opportunity Zone tax benefits. The property's prime location in Fargo, Cass County, North Dakota, contributes to its strong rental demand and overall value. This is a rare chance to acquire a well-established, income-producing asset in a vibrant market.

    Property Features for 670 4Th Ave

    General Information

    Property type
    1031 exchange properties
    Square Feet
    25,657 SF
    Lot Size
    49,223 SF

    Building Details

    Year Built
    1912

    HighLights

    • $5,200,000 asking price.
    • Special Purpose property, Investment Opportunity.
    • 25,657 square feet.
    • $202.67 price per square foot.
    • 7.40% pro‑forma cap rate.
    • $384,624 pro‑forma NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chef's Table Catering Caterer Sanctuary Events Center Event Venue Great Plains Hospitality Consultant Lucky Rabbit Studios Tattoo Shop Breathe Massage Massage Spa

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.790096275508
    Latitude
    46.880121532443

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    FAQs

    What type of property is this?
    1031 exchange property - Historic building, strong lease, high NOI.
    Where is this 1031 exchange property located?
    The property is located at 670 4Th Ave Fargo, ND.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: $5,200,000 asking price.; Special Purpose property, Investment Opportunity.; 25,657 square feet.
    (701) 200-7691
    Request Owner's contact information
    670 4Th Ave Fargo, ND 58102
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    Fargo, ND 58102
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    Realmo Value Estimation

    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.

    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.

    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
    670 4Th Ave Fargo, ND 58102
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