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    Property profile & analytics

    1339 34Th St SW Fargo, ND 58103

    • Commercial real estate
    • 16,190 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0013954
    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

    • Family Dollar / Dollar Store / Discount Store
    • Aaron's Rent To Own / Furniture & Home Goods / Home Decor Store

    Property Details for 1339 34Th St SW

    Year built
    2000
    Property size
    16,190 SF
    Property type
    Commercial real estate

    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
    -96.836109648788
    Latitude
    46.860463082928

    Comparable in this City

    • Contact for pricing

      Retail Center on 45th Street

      Retail center located on a busy corridor of 45th Street.
      4501 15Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing

      Retail Space on 45th Street

      Retail space in a high-traffic area near I-94.
      1801 45Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      4,525 SF

      Retail Space Near West Acres

      Retail space adjacent to West Acres Regional Shopping Center.
      1615 38Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      45,000 SF

      Fargo Retail Space Available

      Retail property available for rent in Fargo, North Dakota.
      4303-4305 13Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      1,400 SF

      Retail and Office Space Available

      Retail and office suites for lease on busy 13th Avenue.
      3021 13Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing

      Retail Space Sublease Opportunity

      Retail space available for sublease in high-traffic Fargo area.
      4340 13Th Ave South, Fargo, ND 58103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,425 SF

      Retail Space For Sale

      Retail space available with a 6.35% CAP rate.
      2377 S University Dr, Fargo, ND 58103
      View Details
    • Contact for pricing
      4,020 SF

      Turn-Key Bank Branch For Sale

      Professional bank branch with drive-thru, excellent visibility and signage.
      1501 32Nd Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      16,937 SF

      High-Visibility Office Building Near Mall

      16,000+ SF office building with high traffic exposure.
      1749 38Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      40,394 SF

      Visible Retail Space For Rent

      High-visibility retail space with overhead doors and storage.
      1202 36Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,775 SF

      Downtown Fargo Retail Condo

      Retail condo in a historically renovated building on Main Ave.
      716 Main Ave, Fargo, ND 58103
      View Details
    • $2,325,000
      4,236 SF

      Downtown Fargo Service Center Opportunity

      Gas station, convenience store, and repair facility in downtown Fargo.
      330 Main Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center on 45th Street

      Retail center located on a busy corridor of 45th Street.
      4501 15Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing

      Retail Space on 45th Street

      Retail space in a high-traffic area near I-94.
      1801 45Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      4,525 SF

      Retail Space Near West Acres

      Retail space adjacent to West Acres Regional Shopping Center.
      1615 38Th St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      45,000 SF

      Fargo Retail Space Available

      Retail property available for rent in Fargo, North Dakota.
      4303-4305 13Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      1,400 SF

      Retail and Office Space Available

      Retail and office suites for lease on busy 13th Avenue.
      3021 13Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing

      Retail Space Sublease Opportunity

      Retail space available for sublease in high-traffic Fargo area.
      4340 13Th Ave South, Fargo, ND 58103
      View Details
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    1339 34Th St SW
    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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