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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1113 Main Ave Fargo, ND 58103

    • Commercial real estate
    • 0.28 lot acres
    For Sale
    View listing
    $495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0019149
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1113 Main Ave

    Lot size
    0.28 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.277-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Fargo, North Dakota. Located at 1113 Main Avenue, this property boasts a highly desirable address directly on Main Avenue, just east of University Drive, placing it in the heart of a dynamic and accessible area. The lot's size offers considerable flexibility for development, making it suitable for a variety of commercial ventures. Its prime location ensures high visibility and convenient access for customers and employees alike. The asking price for this strategically positioned land is $495,000. This represents a significant chance to acquire a piece of Fargo's vibrant commercial landscape, ideal for an office building, warehouse, or other commercial development. The property is situated in Cass County, North Dakota, with a Fargo zip code of 58103. The coordinates are 46.87484349950347 latitude and -96.79605491169768 longitude. This is owner/agent-held property. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.796054911698
    Latitude
    46.874843499503

    Comparable in this City

    • $1,000,000

      Fargo Land For Sale

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      72 2Nd St N, Fargo, ND 58103
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    • $191,000

      Westfield Land: Fargo Development Opportunity

      Prime commercial/residential land, Fargo, ND.
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      Commercial Land in North Fargo

      Prime commercial land with high visibility and easy access.
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    • $553,500
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      Fargo Commercial Land Opportunity

      Prime 0.94-acre commercial lot in Fargo, ND.
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    • $1,673,225

      West Acres Commercial Land

      Fargo, ND: Prime commercial lot, high traffic.
      4159 17Th Ave, Fargo, ND 58103
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    • $10,204,801
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      Fargo Development Land - 49 Acres

      Prime Fargo land, I-29 access, high growth.
      0 64Th Ave, Fargo, ND 58103
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    Similar Nearby for Sale

    • $191,000

      Westfield Land: Fargo Development Opportunity

      Prime commercial/residential land, Fargo, ND.
      4665 8Th Ave, Fargo, ND 58103
      View Details
    • Contact for pricing

      Commercial Land in North Fargo

      Prime commercial land with high visibility and easy access.
      2801 12Th St S, Fargo, ND 58103
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    • $1,000,000

      Fargo Land For Sale

      Land available for sale in Fargo, North Dakota.
      72 2Nd St N, Fargo, ND 58103
      View Details
    • $553,500
      0.94 Acres

      Fargo Commercial Land Opportunity

      Prime 0.94-acre commercial lot in Fargo, ND.
      1381 25Th Ave, Fargo, ND 58103
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    • $1,673,225

      West Acres Commercial Land

      Fargo, ND: Prime commercial lot, high traffic.
      4159 17Th Ave, Fargo, ND 58103
      View Details
    • $10,204,801
      49.32 Acres

      Fargo Development Land - 49 Acres

      Prime Fargo land, I-29 access, high growth.
      0 64Th Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      42,072 SF

      Cityscapes Center: Prime Office Space

      Class A Office, 1800 sq ft Available
      474 45Th St, Fargo, ND 58103
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    • $120 SF/Yr
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      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
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    • $14 SF/Yr
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      Fargo Executive Office Space Available

      Class A Office, 3,597 SF, Ready for Tenant Improvements
      3203 32Nd Ave, Fargo, ND 58103
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    • $18 SF/Yr
      7,192 SF

      Fargo Executive Office Suites

      Move-in ready office space, ample parking.
      3212 14Th Ave, Fargo, ND 58103
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    • $22 SF/Yr
      6,500 SF

      Fargo Office Space For Rent

      Office spaces available, customizable to tenant needs in Fargo.
      310 Main Ave, Fargo, ND 58103
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    • $6 SF/Yr
      1,472 SF

      Industrial Space Available For Lease

      1,472 square feet of industrial space for lease.
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      View Details
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    1113 Main 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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