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Property profile & analytics
OFF-MARKET
Estimated value
$3,385,000
Residential income homes
1806 35th S St Fargo, ND 58103-4874
Entity Owned
4-yr Hold
Free & Clear
Property ID
US56-0026253
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1991
Total area
704 SF
Lot
0.18 ac (8,050 SF)
Zoning code
MR-3
APN
01-0530-00458-000
UPID
US56-0026253
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
$3.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.39M
Owner & transaction history
R & B Candle Park West LLC · 4 yrs held
R & B Candle Park West LLC
since 2022
Last sale
$3.0M
4 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
Method
Estimation
Statistic approach
$3,385,000
ML approach
$3,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±10% · vs last sale $2.97M (Jan 11 2022)
Last sale anchor
$2.97M
Jan 11 2022
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
$4,808 / 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
$1,556
Tax year 2023
Assessed value
$46,900
Assessed 2023
Previous assessed
$46,900
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$14,000
Assessed improvement
$32,900
Land market value
$28,000
Improvement market value
$65,800
Total market value
$93,800
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
1991
Heating
NONE
Units
1
Total area
704 SF
Lot
0.18 ac (8,050 SF)
Zoning code
MR-3
APN
01-0530-00458-000
UPID
US56-0026253
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
1991
Heating
NONE
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
R & B Candle Park West LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2830 15TH ST S UNIT B, FARGO, ND 58103-5978
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
$2,968,471
R & B Candle Park West LLC
Cp West LLC
Warranty Deed
—
Dec 23, 2021
—
Cp West LLC
R & B Candle Park West LLC
Quit Claim Deed
related
—
Jun 10, 2019
—
R & B Candle Park West LLC
—
Grant Deed
related
$4,691,658 · Bell Bk
Sep 1, 2009
—
R & B Candle Park West LLC
R & B Dev 7 Fm 1
Quit Claim Deed
related
$5,500,000 · Wells Fargo 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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