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Property profile & analytics
OFF-MARKET
Medical Office Space
1517 32nd S Ave, Fargo, ND 58103-5905
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US56-0047560
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2002
Total area
3,979 SF
Lot
0.57 ac (24,628 SF)
Zoning code
LC
APN
01-1885-01326-000
UPID
US56-0047560
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
-
Dr. Rodney J. Lee, MD Physician
-
Natalie White, LRD Medical Clinic
-
Minn-Kota PAAWS Veterinary Clinic
-
Amy Ratajczak Physician
-
Justin's Best Furnace Experts Hardware & Home Improvement HVAC Service
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
Minn Kota Paaws · 4 yrs held
Minn Kota Paaws
since 2022
3 recorded transactions
Zoning & alternative use
LC · Fargo, ND
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
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$105
Tax year 2023
Previous assessed
$343,650
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2002
Heating
NONE
Total area
3,979 SF
Lot
0.57 ac (24,628 SF)
Zoning code
LC
APN
01-1885-01326-000
UPID
US56-0047560
Jurisdiction
CASS
Zoning & alternative use
LC · Fargo, ND
Zoning LC · permitted uses
LC · Fargo, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fargo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Minn Kota Paaws
Individual
Mailing address
1517 32ND AVE S, FARGO, ND 58103-5905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
—
Minn Kota Paaws
Everyday Mecial Real Estate LLC
Limited Warranty Deed
$508,000 · Gate City Bank
Feb 24, 2012
—
First Intl Bk & Trust
Tharaldson Finl Grp INC
Grant Deed
related
—
Aug 1, 2008
—
Everyday Medical R/e LLC
Lee,rodney J
Deed Of Trust
$2,815,322 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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