Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    624 Main Ave Fargo, ND 58103
    Back to Search
    Property profile & analytics

    624 Main Ave, Fargo, ND 58103

    View on Map
    • Retail properties & Spaces
    • 55,908 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apollo International Fargo / Hair Salon
    • JACKLITCH INSURANCE AGENCY / Insurance Agency
    • Delendrecies Waldorf Crystal / Apartment Building
    • Campbell Properties - F/M Downtown / Property Management Company
    • De Lendrecie’s Building / Business Service Center / Corporate Office

    Property Details for 624 Main Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    De Lendrecie's Square, located at 624 Main Ave in Fargo, ND 58103, offers exceptional office and retail spaces in a vibrant downtown setting. This historic building boasts a total of 55,908 square feet, with multiple tenancy options available. Individual suites range from a minimum of 460 square feet to a maximum contiguous space of 1,042 square feet, making it ideal for businesses of various sizes, from startups to established enterprises. The building's diverse tenant mix includes executive offices, lounges, bars, coffee shops, and other professional businesses, creating a dynamic and collaborative environment. Situated between Main Avenue and Island Park, the property benefits from high visibility and convenient access to amenities. Tenants enjoy the added convenience of an underground parking garage. The building also features 127 residential apartments, contributing to the lively atmosphere of this thriving downtown location. This is a unique opportunity to secure a space in a landmark building within a bustling and desirable neighborhood. Six spaces are currently available, offering a range of sizes to accommodate diverse business needs. Contact us today to learn more about this exciting opportunity.

    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
    -96.7892
    Latitude
    46.8741

    Comparable in this City

    • Value Estimation by Request
      8,946 SF

      4301 17Th Ave

      Restaurants
      4301 17Th Ave, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      32,908 SF

      2301 University Dr

      Restaurants
      2301 University Dr, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      11,460 SF

      3985 56Th St

      Restaurants
      3985 56Th St, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      9,720 SF

      1202 Nodak Dr

      Restaurants
      1202 Nodak Dr, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      4,284 SF

      1212 36Th St

      Restaurants
      1212 36Th St, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      3,956 SF

      1324 25Th Ave

      Restaurants
      1324 25Th Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • Contact for pricing
      16,937 SF

      High-Visibility Office Building Near Mall

      16,000+ SF office building with high traffic exposure.
      1749 38Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      Pending

      Turn-Key Bank Branch For Sale

      Professional bank branch with drive-thru, excellent visibility and signage.
      1501 32Nd Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,775 SF

      Downtown Fargo Retail Condo

      Retail condo in a historically renovated building on Main Ave.
      716 Main Ave, Fargo, ND 58103
      View Details
    • Contact for pricing
      13,275 SF

      High-Exposure Corner Commercial Property

      Versatile commercial property with office, showroom, and warehouse space.
      3803/3817 Main Ave, Fargo, ND 58103
      View Details
    • Contact for pricing
      4,284 SF

      Former Restaurant Building For Sale

      Former quick service restaurant building for sale or lease.
      1212 36Th St S, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Building Near Essentia Hospital

      Two-story mixed-use building near Essentia Hospital available for rent.
      3003 32Nd Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      45,000 SF

      Fargo Retail Space Available

      Retail property available for rent in Fargo, North Dakota.
      4303-4305 13Th Ave S, Fargo, ND 58103
      View Details
    • $22 SF/Yr
      15,951 SF

      Fargo Retail Space - BLOC Development

      High-traffic retail space, Fargo, ND.
      1621 University Dr, Fargo, ND 58103
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease.
      3220 18Th St S, Fargo, ND 58103
      View Details
    • $13 SF/Yr
      16,937 SF

      Parkway Office Building For Sale/Lease

      Fargo Office/Warehouse, High Visibility
      1749 38Th St, Fargo, ND 58103
      View Details
    • Contact for pricing

      High-Visibility Retail/Showroom Space

      Prime Fargo location with retail, showroom, and office potential.
      1201 Main Ave, Fargo, ND 58103
      View Details
    Request Owner's contact information
    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.
    624 Main Ave
    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
    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

    Thank You for Inquiry
    624 Main Ave, Fargo, ND, 58103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!