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Property profile & analytics
FOR SALE
Warehouses
1017 4Th Ave N Fargo, ND 58102
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US56-0667737
For Sale
1 / 3
$1,350,000
1017 4Th Ave N, Fargo, ND 58102
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Shopnil-IT LLC. Marketing & Advertising Advertising Agency
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
Great Plains 1017 Holdings LLC · 6 yrs held
Great Plains 1017 Holdings LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fargo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fargo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$38 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,135
Tax year 2023
Assessed value
$161,000
Assessed 2023
Previous assessed
$125,000
+28.8% YoY
Effective rate
7.54%
On assessed value
Assessed land
$161,000
Land market value
$322,000
Total market value
$322,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1939
Heating
NONE
Total area
20,000 SF
Lot
0.82 ac (35,740 SF)
APN
01-2382-03253-000
UPID
US56-0667737
Jurisdiction
CASS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1939
Heating
NONE
Lot
0.82 ac
Current owner
From public records · entity-resolved
Great Plains 1017 Holdings LLC
Entity
Mailing address
210 BROADWAY N STE #300, FARGO, ND 58102-4771
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2019
$961,400
Great Plains 1017 Holdings LLC
Dfi Ax LLC
Warranty Deed
—
Jun 8, 2015
—
Pan-o-gold Baking Co
Lakeland Investors INC
Quit Claim Deed
related
—
—
—
Dfi Ax LLC
—
Loan Modification
related
$487,447 · Cornerstone Bk
—
—
Cummco
—
Deed Of Trust
related
$80,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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