Property profile

1017 4Th Ave N Fargo, ND 58102

FOR SALE
Warehouses
Property ID
US56-0667737
20,000 SF 0.82 ac lot Built 1939
Entity Owned 6-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.82-acre commercial land parcel is situated on the edge of Downtown Fargo, North Dakota, at 1017 4th Ave N, Fargo, ND 58102. Zoned for Downtown Mixed Use, it presents a unique opportunity for versatile development. Included with the sale are building plans for a modern, five-story structure encompassing 67 residential units and parking for 78 vehicles. The property's location within an Opportunity Zone offers potential tax advantages for investors seeking significant returns. This prime location boasts incredible growth potential and is ready for immediate development. The asking price for this exceptional property is $1,350,000. The property is conveniently located in Cass County and offers easy access to the vibrant downtown area and its amenities. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing city. This is an ideal investment for developers seeking a high-return opportunity in a thriving urban environment.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1939
Total area 20,000 SF
Lot 0.82 ac (35,740 SF)
APN 01-2382-03253-000
UPID US56-0667737

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising Advertising Agency

Location

1017 4Th Ave N Fargo, ND 58102
Fargo metro Census 602 FARGO, ND-MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$818k
Blend (final) Blend
$755k

Owner & transaction history

since 2019
4 recorded transactions
2019
$961,400
2015
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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