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Property profile & analytics
OFF-MARKET
Estimated value
$270,000
Residential income homes
1516 7th S Ave Fargo, ND 58103-2561
Individually Owned
~
Est. High Equity
Property ID
US56-0028149
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1970
Total area
3,640 SF
Lot
0.16 ac (7,175 SF)
Zoning code
SR-3
APN
01-0560-00960-000
UPID
US56-0028149
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Shane P Kiland
Shane P Kiland
1 recorded transaction
Zoning & alternative use
SR-3 · Fargo, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Single-Dwelling zoning district (SR-3) are intended to preserve land for housing and to provide housing opportunities for individual households. The regulations are intended to create, maintain and promote single-dwelling neighborhoods. The Single-Dwelling districts allow some other types of uses but not to the extent of sacrificing the overall image and cha…
Zone name
Single Dwelling
General category
RESIDENTIAL
Zone area
1,506.43 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
Method
Estimation
Statistic approach
by Request
ML approach
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $243k – $297k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$74 / SF
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
$5,464
Tax year 2023
Assessed value
$135,750
Assessed 2023
Previous assessed
$135,750
+0.0% YoY
Effective rate
4.03%
On assessed value
Assessed land
$12,500
Assessed improvement
$123,250
Land market value
$25,000
Improvement market value
$246,500
Total market value
$271,500
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1970
Heating
NONE
Units
4
Total area
3,640 SF
Lot
0.16 ac (7,175 SF)
Zoning code
SR-3
APN
01-0560-00960-000
UPID
US56-0028149
Jurisdiction
CASS
Zoning & alternative use
SR-3 · Fargo, NDZoning SR-3 · permitted uses
SR-3 · Fargo, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Single-Dwelling zoning district (SR-3) are intended to preserve land for housing and to provide housing opportunities for individual households. The regulations are intended to create, maintain and promote single-dwelling neighborhoods. The Single-Dwelling districts allow some other types of uses but not to the extent of sacrificing the overall image and character of Single-Dwelling neighborhoods. The regulations accommodate a variety of single-dwelling housing styles and residential densities.
Zone name
Single Dwelling
General category
RESIDENTIAL
Zone area
1,506.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Shane P Kiland
Individual
Mailing address
1510 7TH AVE S, FARGO, ND 58103-2528
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Shane P Kiland
—
Deed Of Trust
related
$124,500 · Western State Bank
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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