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

    216 Broadway Fargo, ND 58102

    • Office space
    • 11,250 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0023742
    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

    • Downtown Yoga Fargo / Yoga Studio
    • Daily's Market / Grocery Store / Drug Store
    • Hatch Coaching / Coaching Center

    Property Details for 216 Broadway

    Year built
    1900
    Lot size
    0.16 lot acres
    Property size
    11,250 SF
    Property type
    Office space
    Property subtype
    Coworking space

    Description

    This exceptional two-story, Class B office building, situated on 0.16 acres at 216 Broadway N in Fargo, North Dakota (zip code 58102), presents a unique opportunity. Built in 1900 and extensively renovated in 2014, the 11,250 square foot building offers flexible space ideal for various business needs. The property features multiple suites, with a minimum divisible space of 900 square feet and a maximum contiguous space of 1,800 square feet. Currently, there are two suites available. The building's traditional office layout is complemented by its adaptability for coworking, creative office, and executive office uses. Enjoy abundant natural light and high ceilings, creating a bright and inviting atmosphere. The location in the heart of downtown Fargo provides excellent visibility and accessibility. Secure access and outdoor space add to the property's appeal. The property's Assessed Parcel Number (APN) is 01-2381-00490-000. This is a rare opportunity to secure a beautifully renovated office space in a prime downtown location. The building's blend of historic charm and modern updates makes it an attractive option for businesses seeking a unique and functional workspace.

    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
    -96.7880465
    Latitude
    46.8786207

    Comparable in this City

    • $10 SF/Yr
      20,210 SF

      Downtown Fargo Office Space For Sale/Lease

      Historic building, flexible spaces, ample parking.
      64 4Th St, Fargo, ND 58102
      View Details
    • $10 SF/Yr
      7,127 SF

      Downtown Fargo Office Space

      Historic building, flexible spaces available
      122 Broadway, Fargo, ND 58102
      View Details
    • $14 SF/Yr
      40,000 SF

      Cityscapes Plaza: Fargo Office Space

      Downtown Fargo office suites, various sizes.
      630 1St Ave, Fargo, ND 58102
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    • $18 SF/Yr
      12,266 SF

      Downtown Fargo Office Space

      Historic building, flexible suites, skyway access.
      118 Broadway, Fargo, ND 58102
      View Details
    • $11 SF/Yr
      37,000 SF

      Centennial Building: Fargo Creative Office

      Historic Downtown Fargo Office Space Available
      300 Northern Pacific Ave, Fargo, ND 58102
      View Details
    • $23 SF/Yr
      3,798 SF

      Downtown Fargo Retail Space

      3,798 sq ft Retail/Office Space Available
      223 Roberts St, Fargo, ND 58102
      View Details

    Similar Nearby for Sale

    • $3,400,000
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      Historic Building in Downtown Fargo

      Revitalized mixed-use property with office and retail space.
      64 4Th St N, Fargo, ND 58102
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    • $2,250,000
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      Historic Fargo Building For Sale

      Renovated 25,000 SF building with flexible occupancy options.
      315 5Th St N, Fargo, ND 58102
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    • $5,750,000
      44,963 SF

      Downtown Fargo Office Building

      Historic Charm, High NOI, 100% Occupancy
      503 7Th St, Fargo, ND 58102
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    • $17,000,000
      69,727 SF

      Historic Black Building in Fargo

      Historic building in downtown Fargo with skyway access.
      114-118 Broadway N, Fargo, ND 58102
      View Details
    • $2,250,000
      25,000 SF

      Historic Fargo Mixed-Use Building

      Downtown Fargo: 25,000 SF, 4 Units
      315 5Th St, Fargo, ND 58102
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    • $3,400,000
      20,210 SF

      Downtown Fargo Office Building

      Historic Office Building, 20,210 SF
      64 4Th St, Fargo, ND 58102
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      40,000 SF

      Cityscapes Plaza: Fargo Office Space

      Downtown Fargo office suites, various sizes.
      630 1St Ave, Fargo, ND 58102
      View Details
    • $10 SF/Yr
      20,210 SF

      Downtown Fargo Office Space For Sale/Lease

      Historic building, flexible spaces, ample parking.
      64 4Th St, Fargo, ND 58102
      View Details
    • $10 SF/Yr
      7,127 SF

      Downtown Fargo Office Space

      Historic building, flexible spaces available
      122 Broadway, Fargo, ND 58102
      View Details
    • $18 SF/Yr
      12,266 SF

      Downtown Fargo Office Space

      Historic building, flexible suites, skyway access.
      118 Broadway, Fargo, ND 58102
      View Details
    • $9 SF/Yr
      2,160 SF

      Downtown Fargo Office Space Available

      Multiple office suites for rent in downtown Fargo landmark.
      26 Roberts St N, Fargo, ND 58102
      View Details
    • $18 SF/Yr

      Downtown Fargo Office Suite

      600 sq ft, $900/month, all utilities included
      68 Broadway, Fargo, ND 58102
      View Details
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    216 Broadway
    Fargo, ND 58102
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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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