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

    1325 23Rd St S Fargo, ND 58103

    • Commercial real estate
    • 7,200 SF
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0053311
    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

    • Comprehensive Insurance Solutions / Insurance Agency
    • LTA Marketing Group / Insurance Agency
    • Precision Group, LLC / Investment Service
    • Precision Property Management / Property Management Company
    • Stylin By Susan B. / Hair Salon

    Property Details for 1325 23Rd St S

    Property size
    7,200 SF
    Property type
    Commercial real estate

    Description

    This exceptional executive office space, located in the desirable Jeffries Office Park near the corner of 13th Ave and 25th St in Cass County, offers a flexible and convenient workspace solution. The property totals 7,200 square feet and currently has 3,272 square feet of vacant space available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,402 square feet to a maximum contiguous space of 1,870 square feet. This presents an excellent opportunity for businesses seeking modern, efficient office accommodations. The building's design caters to executive needs, providing a professional and productive environment. The strategic location offers easy access to major thoroughfares, ensuring convenient commuting for employees and clients. Whether your business requires a single suite or multiple interconnected spaces, this property offers the adaptability to meet your specific requirements. The available space is ready for immediate occupancy, allowing for a seamless transition into your new office. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this prime Cass County location. Don't miss this chance to secure your ideal office space in Jeffries Office Park.

    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
    -96.8180947
    Latitude
    46.8601389

    Comparable in this City

    • $18 SF/Yr
      42,072 SF

      Cityscapes Center: Prime Office Space

      Class A Office, 1800 sq ft Available
      474 45Th St, Fargo, ND 58103
      View Details
    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      8,430 SF

      Fargo Executive Office Space Available

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

      Fargo Executive Office Suites

      Move-in ready office space, ample parking.
      3212 14Th Ave, Fargo, ND 58103
      View Details
    • $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
      View Details
    • Contact for pricing
      15,000 SF

      Salon Ready Rooms For Rent

      Salon rooms available for rent with equipment included.
      1665 43Rd St S, Fargo, ND 58103
      View Details

    Similar Nearby for Sale

    • $1,125,000
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      Fargo Bank Building - $1.125M

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      1501 32Nd Ave, Fargo, ND 58103
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    • $850,000
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      Downtown Fargo Retail Condo

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    • $800,000
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      Downtown Fargo Executive Office

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    • $3,500,000
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      Parkway Office Building For Sale

      Prime Fargo Office Building, High Visibility
      1749 38Th St, Fargo, ND 58103
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    • $560,000
      3,200 SF

      Executive Office Suite in Fargo

      Prime Fargo Office: 3,200 SF, $560,000
      827 28Th St, Fargo, ND 58103
      View Details
    • $134,700
      2,560 SF

      Office Space on South University

      Office space with private offices and reception area for sale.
      2534 S University Dr, Fargo, ND 58103
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    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
      View Details
    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      8,430 SF

      Fargo Executive Office Space Available

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

      Fargo Executive Office Suites

      Move-in ready office space, ample parking.
      3212 14Th Ave, Fargo, ND 58103
      View Details
    • $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
      View Details
    • Contact for pricing
      15,000 SF

      Salon Ready Rooms For Rent

      Salon rooms available for rent with equipment included.
      1665 43Rd St S, Fargo, ND 58103
      View Details
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    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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