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Property profile & analytics
OFF-MARKET
Residential income homes
2107 17th S St, Fargo, ND 58103-5217
Individually Owned
5-yr Hold
Property ID
US56-0056914
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1981
Total area
4,864 SF
Lot
0.26 ac (11,520 SF)
Zoning code
MR-3
APN
01-2211-01118-000
UPID
US56-0056914
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
Stephen Perreault · 5 yrs held
Stephen Perreault
since 2021
Last sale
$290,000
7 recorded transactions
Zoning & alternative use
MR-3 · 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
$4,121
Tax year 2023
Assessed value
$122,600
Assessed 2023
Previous assessed
$122,600
+0.0% YoY
Effective rate
3.36%
On assessed value
Assessed land
$20,000
Assessed improvement
$102,600
Land market value
$40,000
Improvement market value
$205,200
Total market value
$245,200
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
1981
Heating
NONE
Units
4
Total area
4,864 SF
Lot
0.26 ac (11,520 SF)
Zoning code
MR-3
APN
01-2211-01118-000
UPID
US56-0056914
Jurisdiction
CASS
Zoning & alternative use
MR-3 · Fargo, ND
Zoning 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
Fargo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Units
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
Stephen Perreault
Individual
Mailing address
2107 17TH ST S APT #3, FARGO, ND 58103-5217
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
$290,000
Stephen Perreault
Grochow Properties Lcl
Warranty Deed
$261,000 · Cardinal Financial Company LP
Dec 19, 2019
—
Jy Properties LLC
Kmk Rentals LLP
Correction Deed
related
—
Feb 18, 2014
—
Grochow Properties LLC
Grochow,christopher
Quit Claim Deed
related
—
Jan 14, 2013
$166,000
Christopher G Grochow
Poirier,steve C & Cheryl
Warranty Deed
—
Sep 6, 2006
—
Steve C Poirier
Charles Ritchie
Warranty Deed
$147,000 · Cornerstone Mortgage Co
Sep 6, 2006
$130,000
Jamie Carmichael
Ritchie,charles E & Victoria M
Grant Deed
—
—
—
Grochow Properties LLC
—
Loan Modification
related
—
—
—
Christopher G Grochow
—
Loan Modification
related
$98,015 · Choice Fin'l
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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