Property profile

1221 28th S St Fargo, ND 58103

OFF-MARKET
Retail space
Property ID
US56-0041857
6,192 SF 0.85 ac lot Built 1998
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 6,192 SF
Lot 0.85 ac (36,886 SF)
Zoning code GC
APN 01-2050-00161-000
UPID US56-0041857

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
  • Social Service Agency Charitable Organization
  • Hair Salon Nail Salon

Location

1221 28th S St Fargo, ND 58103-8711
Fargo metro Census 601 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
$521k
Blend (final) Blend
$520k

Owner & transaction history

since 2019
5 recorded transactions
2019
$762,500
2018
Price N/A
2018
$640,000
2016
Price N/A
1969
Price N/A

Zoning & alternative use

GC · Fargo, ND
Zoning description

The GC, General Commercial district is primarily intended to accommodate commercial uses. It allows a full range of retail, service, office and commercial uses.

General category COMMERCIAL
Top alternative use upside
Commercial (general) $715,000 +36.9%
Office building $595,000 +14.3%
Warehouse, storage $580,000 +10.9%

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
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