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    Property profile & analytics

    1241 University N Dr Fargo, ND 58102-2524

    • Office buildings
    • 21,625 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Location Intelligence
    Property ID
    US56-0047465
    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

    • NDSU Foundation / Non-Profit Organization / Foundation
    • Harry D. McGovern Alumni Center / Event Venue / Conference Center

    Property Details for 1241 University N Dr

    Year built
    1997
    Lot size
    0.93 lot acres
    Property size
    21,625 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    01-2220-05012-000
    APU
    1222005012000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $540,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $375,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $485,000
      Mixed-Use
      $465,000
      Hospitality
      $460,000
      Educational
      $410,000
      Residential Income
      $365,000
      Energy
      $380,000
      Income-Based Land
      $400,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.7977
    Latitude
    46.8921
    CBSA code
    22020
    CBSA name
    FARGO, ND-MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,126
    $101,000
    $0.00
    $101,000
    -
    $202,000
    $0.00
    $202,000

    Comparable in this City

    • Value Estimation by Request
      384 SF

      1801 23rd Ave N Rm, Unit 212

      OFFICE BUILDING • 384 SF
      1801 23rd Ave N Rm, Fargo, ND 58102-1047
      View Details
    • Value Estimation by Request
      1,542 SF

      21 University N Dr

      OFFICE BUILDING • 1,542 SF
      21 University N Dr, Fargo, ND 58102-4629
      View Details
    • Value Estimation by Request
      372 SF

      1801 23rd N Ave, Unit 11

      OFFICE BUILDING • 372 SF
      1801 23rd N Ave, Fargo, ND 58102-1052
      View Details
    • Value Estimation by Request
      11,760 SF

      505 7th N St

      OFFICE BUILDING • 11,760 SF
      505 7th N St, Fargo, ND 58102-4495
      View Details
    • Value Estimation by Request
      12,024 SF

      2602 12th N St

      OFFICE BUILDING • 12,024 SF
      2602 12th N St, Fargo, ND 58102-1378
      View Details
    • Value Estimation by Request
      192 SF

      1801 23rd N Ave

      OFFICE BUILDING • 192 SF
      1801 23rd N Ave, Fargo, ND 58102-1052
      View Details

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    Similar Nearby for Lease

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      Downtown Fargo Retail Space

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    • $18 SF/Yr

      Downtown Fargo Office Suite

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    • $16 SF/Yr
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      Downtown Fargo Retail/Office Space

      Ground floor retail or office space in downtown Fargo.
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    1241 University N Dr
    Fargo, ND 58102-2524
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    Realmo Value Estimation

    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.

    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.

    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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