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Property profile & analytics
OFF-MARKET
Assisted living facilities
1351 Broadway N Fargo, ND 58102-2638
Individually Owned
8-yr Hold
Free & Clear
Property ID
US56-0036586
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1957
Total area
95,992 SF
Lot
1.81 ac (78,750 SF)
Zoning code
MR-3
APN
01-1370-00030-000
UPID
US56-0036586
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
-
Tracy R. Kessel, OT Physician
-
Alecia Arneson Physician
-
SMP Health - St. Catherine North Nursing Home
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
Sisters Of Mary Of The Present · 8 yrs held
Sisters Of Mary Of The Present
since 2018
7 recorded transactions
Zoning & alternative use
MR-3 · Fargo, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MR-3, Multi-Dwelling district is primarily intended to accommodate household living in detached houses, attached houses, duplexes and multi-dwelling structures. The district allows up to 24 dwelling units per acre of land. Development within the district will be characterized by one- to five-story buildings with higher building coverage than in the MR-2…
Zone name
Multi Dwelling
General category
RESIDENTIAL
Zone area
1,420.55 ac
Source
Realmo
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
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,468
Tax year 2023
Applied tax rate
1.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1957
Heating
NONE
Total area
95,992 SF
Lot
1.81 ac (78,750 SF)
Zoning code
MR-3
APN
01-1370-00030-000
UPID
US56-0036586
Jurisdiction
CASS
Zoning & alternative use
MR-3 · Fargo, NDZoning MR-3 · permitted uses
MR-3 · Fargo, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MR-3, Multi-Dwelling district is primarily intended to accommodate household living in detached houses, attached houses, duplexes and multi-dwelling structures. The district allows up to 24 dwelling units per acre of land. Development within the district will be characterized by one- to five-story buildings with higher building coverage than in the MR-2 district. The district is generally appropriate for sites with access to collector and higher classification streets, particularly when located near arterial streets.
Zone name
Multi Dwelling
General category
RESIDENTIAL
Zone area
1,420.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Lot
1.81 ac
Current owner
From public records · entity-resolved
Sisters Of Mary Of The Present
Individual
Free & Clear · 8 yrs held
Mailing address
PO BOX 10007, FARGO, ND 58106-0007
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2018
—
Sisters Of Mary Of The Present
—
Deed
related
—
May 14, 2014
—
Sisters Of Mary & Presentation Long
—
Trustees Deed
related
$12,325,000 · Bell St Bk&tr
—
—
Sisters Of Mary/presentation Long
—
Deed Of Trust
related
$2,500,000 · State Bank & Trust
—
—
Sisters Of Mary & Presentation Long
—
Loan Modification
related
$11,780,914 · Bell St Bk&tr
—
—
Sisters Of Mary Of Presentation L
—
Loan Modification
related
$11,780,914 · Bell St Bk&tr
—
—
Sisters Of Mary Of The Present
—
Loan Modification
related
—
—
—
Sisters Of Mary/presentation Long
—
Deed Of Trust
related
$15,917,000 · State Bank Of Fargo
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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