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Property profile & analytics
OFF-MARKET
Residential income homes
1829 13th 12th S St, Fargo, ND 58103-4863
Entity Owned
3-yr Hold
Property ID
US56-0025169
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1959
Total area
3,990 SF
Lot
0.28 ac (12,150 SF)
Zoning code
MR-2
APN
01-0162-01380-000
UPID
US56-0025169
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Madera Properties LLC · 3 yrs held
Madera Properties LLC
since 2023
Last sale
$284,750
6 recorded transactions
Zoning & alternative use
MR-2 · 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
$3,927
Tax year 2023
Assessed value
$116,650
Assessed 2023
Previous assessed
$116,650
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$21,500
Assessed improvement
$95,150
Land market value
$43,000
Improvement market value
$190,300
Total market value
$233,300
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
1959
Heating
NONE
Units
4
Total area
3,990 SF
Lot
0.28 ac (12,150 SF)
Zoning code
MR-2
APN
01-0162-01380-000
UPID
US56-0025169
Jurisdiction
CASS
Zoning & alternative use
MR-2 · Fargo, ND
Zoning MR-2 · permitted uses
MR-2 · 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
1959
Heating
NONE
Units
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Madera Properties LLC
Entity
Mailing address
920 SUNSET DR, MAPLETON, ND 58059-4039
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
$284,750
Madera Properties LLC
Vdh Holdings LLC
Warranty Deed
$213,563 · First International Bank & Trust
Apr 5, 2022
$270,500
Vdh Holdings LLC
Fargomoorhead Properties LLC
Warranty Deed
$216,400 · Bell Bank
Dec 17, 2019
$325,000
Fargomoorhead Properties LLC
Harvest Properties LLC
Warranty Deed
$242,386 · American Federal Bank
Apr 17, 2015
—
Harvest Properties LLC
Eric Fischer
Warranty Deed
—
Oct 2, 2014
$195,000
Eric Fischer
Olson,tim & Jacqueline
Grant Deed
$120,000 · Bank Forward
—
—
Harvest Properties LLC
—
Deed Of Trust
related
$497,000 · First Int'l Bk
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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