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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Warehouses
1026 Np N Ave Fargo, ND 58102-4691
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US56-0021320
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1929
Total area
71,384 SF
Lot
0.94 ac (40,752 SF)
Zoning code
DMU
APN
01-3508-01480-000
UPID
US56-0021320
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$2.45M
Owner & transaction history
1026 Np Avenue LLC · 12 yrs held
1026 Np Avenue LLC
since 2013
6 recorded transactions
Zoning & alternative use
DMU · Fargo, ND
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
$2.45M
Range $2.20M – $2.69M · ±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
$34 / 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
$18,954
Tax year 2023
Assessed value
$159,500
Assessed 2023
Previous assessed
$122,500
+30.2% YoY
Effective rate
11.88%
On assessed value
Assessed land
$159,500
Land market value
$319,000
Total market value
$319,000
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
Off-Market
Year built
1929
Heating
NONE
Total area
71,384 SF
Lot
0.94 ac (40,752 SF)
Zoning code
DMU
APN
01-3508-01480-000
UPID
US56-0021320
Jurisdiction
CASS
Zoning & alternative use
DMU · Fargo, ND
Zoning DMU · permitted uses
DMU · Fargo, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fargo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Heating
NONE
Lot
0.94 ac
Current owner
From public records · entity-resolved
1026 Np Avenue LLC
Entity
Mailing address
2602 11TH ST S, FARGO, ND 58103-6006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
—
1026 Np Avenue LLC
—
Deed
related
$607,082 · Bell Bk
Mar 2, 2015
—
1026 Np Ave LLC
—
Deed Of Trust
related
$5,362,500 · Bell St Bk&tr
Sep 30, 2013
—
1026 Np Avenue LLC
Downtown Fargo Hsng Ptshp LP
Warranty Deed
—
—
—
1026 Np Avenue LLC
—
Loan Modification
related
$4,881,143 · Bell Bk
—
—
1026 Np Avenue LLC
—
Loan Modification
related
$607,082 · Bell Bk
—
—
Downtown Fargo Housing Ptrs
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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