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

    1531 32Nd Ave Fargo, ND 58103

    • Office space
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0018871
    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

    • Vaaler Insurance / Insurance Agency
    • Creation Designs / Hobby Store
    • Bicycle Health Suboxone Clinic / Medical Clinic / Doctor
    • Seema Khosla / Pulmonologist

    Property Details for 1531 32Nd Ave

    Property type
    Office space
    Property subtype
    Medical offices

    Description

    This Fargo, North Dakota office property, located at 1531 32nd Ave S, zip code 58103, offers a diverse range of workspace solutions in Cass County. The property caters to various business needs, providing traditional office spaces, executive suites, coworking areas, medical offices, and creative office environments. Tenancy is multiple, allowing for flexibility in space requirements. Businesses can choose from fully furnished and equipped private offices, scalable from single-person setups to large corporate spaces, tailored to specific needs. Options include serviced offices, custom designs, disaster recovery spaces, and day offices with flexible access. Coworking options are also available, offering shared office or open-plan areas with daily or hot desk reservations. The property also features meeting rooms, adaptable for various events, from informal chats to large conferences. Virtual office solutions are provided, including business addresses, mail handling, and virtual assistant services, with options for lounge access and occasional office use. Flexible working plans offer access to a global network of workspaces, allowing for both local and international business operations. The property's size is not specified.

    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
    -96.8045575
    Latitude
    46.8332257

    Comparable in this City

    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
      View Details
    • $10 SF/Yr
      5,442 SF

      Fargo Office Space: Prime Location

      Modern Fargo office space, flexible options.
      1531 32Nd Ave, Fargo, ND 58103
      View Details
    • $25 SF/Yr
      36,800 SF

      Fargo Office Space: 45th St Colonnade

      Prime Fargo Office & Retail Space
      4501 15Th Ave, Fargo, ND 58103
      View Details
    • Contact for pricing
      32,908 SF

      Midtown Market Fargo Office Suites

      Fargo, ND retail & office space available.
      2301 University Dr, Fargo, ND 58103
      View Details
    • $17 SF/Yr
      50,784 SF

      Downtown Fargo Office Space

      Prime Fargo office suites, various sizes.
      100 4Th St, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      39,224 SF

      Fargo Medical Office Building

      Prime Fargo location, flexible suites, near Essentia Hospital
      3003 32Nd Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Sale

    • $1,125,000
      4,020 SF

      Fargo Bank Building - $1.125M

      Turnkey Fargo commercial property. High visibility location.
      1501 32Nd Ave, Fargo, ND 58103
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    • $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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    • $1,680,000
      17,438 SF

      Fargo Office Building - $1.68M

      17,438 SF Office Building, South Fargo
      4357 13Th Ave, Fargo, ND 58103
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    • $850,000
      2,775 SF

      Downtown Fargo Retail Condo

      Historic Main Ave gem, 2775 sq ft.
      716 Main Ave, 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
    • $800,000
      2,775 SF

      Downtown Fargo Executive Office

      Historic building, 2775 sq ft office space.
      716 Main Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
      View Details
    • $10 SF/Yr
      5,442 SF

      Fargo Office Space: Prime Location

      Modern Fargo office space, flexible options.
      1531 32Nd Ave, Fargo, ND 58103
      View Details
    • $25 SF/Yr
      36,800 SF

      Fargo Office Space: 45th St Colonnade

      Prime Fargo Office & Retail Space
      4501 15Th Ave, Fargo, ND 58103
      View Details
    • Contact for pricing
      32,908 SF

      Midtown Market Fargo Office Suites

      Fargo, ND retail & office space available.
      2301 University Dr, Fargo, ND 58103
      View Details
    • $17 SF/Yr
      50,784 SF

      Downtown Fargo Office Space

      Prime Fargo office suites, various sizes.
      100 4Th St, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      39,224 SF

      Fargo Medical Office Building

      Prime Fargo location, flexible suites, near Essentia Hospital
      3003 32Nd Ave, 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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