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Property profile & analytics
OFF-MARKET
Distribution centers
1302 40Th St Fargo, ND 58102
Entity Owned
5-yr Hold
Property ID
US56-0038588
Property summary
AI-generated overview
This exceptional 20,850-square-foot warehouse, located at 1302 40th St N in Fargo, North Dakota, presents a significant opportunity for industrial businesses. The single-tenant property sits on a 2.01-acre lot and boasts a 24-foot ceiling height, providing ample storage and operational space. Built in 1978 and extensively renovated in 2019, the building is in excellent condition. Features include four loading docks and one drive-in door, ensuring efficient loading and unloading. The property offers 300 feet of frontage, enhancing visibility and accessibility. The warehouse is zoned Commercial and has an APN of 01-0992-00110-000 in Cass County. Taxes are $0.88 per square foot. The property is currently vacant and available for occupancy January 1, 2025. Its strategic location provides easy access to Interstate 29, offering convenient transportation links. A 24-hour notice is required for showings.
Property profile
Verified
Property type
Distribution centers
Year built
1978
Total area
20,850 SF
Lot
2.01 ac (87,556 SF)
UPID
US56-0038588
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
-
Soucy Track Warehouse & Storage
-
City-Warehouse for Car-Donations Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dakota Allied Properties LLC · 5 yrs held
Dakota Allied Properties LLC
since 2020
2 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
Distribution centers
Status
Off-Market
Year built
1978
Total area
20,850 SF
Lot
2.01 ac (87,556 SF)
UPID
US56-0038588
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
1978
Lot
2.01 ac
Current owner
From public records · entity-resolved
Dakota Allied Properties LLC
Entity
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
—
Dakota Allied Properties LLC
—
Deed
related
$1,202,672 · Bell Bank
Dec 23, 2020
$1,330,000
Dakota Allied Properties LLC
Corwin Robinson Properties
Warranty Deed
—
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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