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    Property profile & analytics

    2796 5Th Ave Fargo, ND 58103

    • Retail properties
    • 9,337 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • St Vincent de Paul Thrift Store / Discount Store
    • Calvary Chapel Fargo / Church
    • Classic Glass, Ltd, Stained Glass / Interior Design / Home Decor Store
    • Roberts Painting and Drywall / Painting Service / General Contractor
    • Boneskot Design Co / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 2796 5Th Ave

    Year built
    1987
    Property size
    9,337 SF
    Property type
    Retail properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8246
    Latitude
    46.8692

    Comparable in this City

    • Value Estimation by Request
      4,284 SF

      1212 36Th St

      Restaurants • 4,284 SF
      1212 36Th St, Fargo, ND 58103
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    • Value Estimation by Request
      4.70 Acres

      3207 Main Ave

      Individual retail properties • 74,972 SF
      3207 Main Ave, Fargo, ND 58103
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    • Value Estimation by Request
      18,773 SF

      4600 17Th Ave

      Office Properties & Spaces • 18,773 SF
      4600 17Th Ave, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      174,580 SF

      300 Main Ave

      Retail properties • 174,580 SF
      300 Main Ave, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      4,284 SF

      1212 36Th St

      Restaurants • 4,284 SF
      1212 36Th St, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      50,784 SF

      100 4Th St

      Medical offices • 50,784 SF
      100 4Th St, Fargo, ND 58103
      View Details

    Similar Nearby for Sale

    • $1,995,000
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      Downtown Fargo Retail Investment

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      Downtown Fargo Retail Condo

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    • $899,000
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      Retail Property in Fargo, ND

      Retail property for sale with 2,777 square feet.
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    • $800,000
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      Downtown Fargo Executive Office

      Historic building, 2775 sq ft office space.
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    • $525,000
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      South Fargo Restaurant - $525K

      Profitable Restaurant, Great Location
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    • $750,000
      2,133 SF

      Fargo Restaurant - Turnkey Opportunity

      Established Restaurant, High Traffic Area, $750,000
      2201 13Th Ave, Fargo, ND 58103
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    Similar Nearby for Lease

    • $12 SF/Yr
      55,908 SF

      Downtown Fargo Executive Suites

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    • $40 SF/Yr
      4,284 SF

      Fargo Retail Building - Prime Location

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      1212 36Th St, Fargo, ND 58103
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    • $22 SF/Yr
      15,951 SF

      Fargo Retail Space - BLOC Development

      High-traffic retail space, Fargo, ND.
      1621 University Dr, Fargo, ND 58103
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    • $17 SF/Yr
      50,784 SF

      Downtown Fargo Office Space

      Prime Fargo office suites, various sizes.
      100 4Th St, Fargo, ND 58103
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    • $18 SF/Yr
      42,072 SF

      Cityscapes Center: Prime Office Space

      Class A Office, 1800 sq ft Available
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    • $24 SF/Yr
      12,500 SF

      Fargo Retail Space: 12,500 SF

      Prime Fargo retail, 2,123 SF available.
      4340 13Th Ave, Fargo, ND 58103
      View Details
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    2796 5Th Ave
    Fargo, ND 58103
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    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
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