Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2410 Great Northern N Dr Fargo, ND 58102-3243

    • Warehouses
    • 9,400 SF
    • 1.33 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2021
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0040256
    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

    • All Nations Assemblies of God / Church
    • Restoration Church / Church

    Property Details for 2410 Great Northern N Dr

    Year built
    1963
    Lot size
    1.33 lot acres
    Property size
    9,400 SF
    Zone code
    GC
    Property type
    Warehouses
    APN
    01-0100-00790-000
    APU
    1010000790000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $962,000
      Market price range: $384k - $1.51M
      AI Estimate
      $877,000
      Market price range: $476k - $1.28M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $965,000
      Current use
      COMMERCIAL (GENERAL)
      $1,225,000
      Change: +27% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $910,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.819
    Latitude
    46.8879
    CBSA code
    22020
    CBSA name
    FARGO, ND-MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,984
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      217,810 SF

      2880 42Nd St

      Refrigerated & Cold Storages • 217,810 SF
      2880 42Nd St, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      20,850 SF

      1302 40Th St

      Distribution properties • 20,850 SF
      1302 40Th St, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      2,240 SF

      2310 8th N St

      WAREHOUSE, STORAGE • 2,240 SF
      2310 8th N St, Fargo, ND 58102-5022
      View Details
    • Value Estimation by Request
      4,786 SF

      510 23rd N Ave

      WAREHOUSE, STORAGE • 4,786 SF
      510 23rd N Ave, Fargo, ND 58102-1927
      View Details
    • Value Estimation by Request
      1,728 SF

      7360 40th N Ave

      WAREHOUSE, STORAGE • 1,728 SF
      7360 40th N Ave, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      2,304 SF

      210 2nd N St

      WAREHOUSE, STORAGE • 2,304 SF
      210 2nd N St, Fargo, ND 58102
      View Details

    Similar Nearby for Sale

    • $210,000
      1,500 SF

      North Fargo Flex Warehouse Units

      Modern Fargo industrial space, vacant, 1500 sq ft.
      4687 27Th St, Fargo, ND 58102
      View Details
    • $1,145,000
      0.91 Acres

      Downtown Fargo Warehouse - $1.145M

      Two-building warehouse, 17,100+ SF lot.
      1415 2Nd Ave, Fargo, ND 58102
      View Details
    • $2,950,000
      21,087 SF

      Fargo Warehouse: Historic Charm

      21,087 SF Warehouse, NNN Lease, Vacant
      610 University Dr, Fargo, ND 58102
      View Details
    • $2,612,500
      40,314 SF

      Downtown Fargo Warehouse Opportunity

      40,314 SF Warehouse, Prime Location
      720 14Th St, Fargo, ND 58102
      View Details
    • $1,500,000
      2.07 Acres

      Fargo Warehouse: Prime Development Site

      10,116 SF Warehouse, 2.07 Acres
      2202 5Th Ave, Fargo, ND 58102
      View Details
    • $29,950,000
      194,637 SF

      Fargo Industrial Flex Building

      Class A, 195,000 SF, prime location
      4171 24Th Ave, Fargo, ND 58102
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      10,800 SF

      7th Avenue Industrial Park - Fargo

      Executive Suites & Warehouse Space Available
      712 38Th St, Fargo, ND 58102
      View Details
    • $7 SF/Yr
      150,000 SF

      Prime Industrial Space with I-29 Access

      150,000 SF industrial space with I-29 access in Fargo, ND.
      3701 40Th Ave N, Fargo, ND 58102
      View Details
    • Contact for pricing
      1,410,000 SF

      Dakota Commerce Center: Fargo, ND

      Class A Industrial Space - Flexible Options
      5050 37Th St, Fargo, ND 58102
      View Details
    • Contact for pricing
      33,400 SF

      Fargo Industrial Building For Sale

      33,400 SF Manufacturing/Flex Space
      1402 43Rd St, Fargo, ND 58102
      View Details
    • $13 SF/Yr
      21,087 SF

      Fargo Warehouse: Historic Charm

      Downtown Fargo warehouse, multiple spaces available.
      610 University Dr, Fargo, ND 58102
      View Details
    • $7 SF/Yr
      73,929 SF

      Fargo Industrial Space - 74,000 SF

      New 2022 Flex Warehouse in Fargo. Excellent location & amenities.
      3915 15Th Ave, Fargo, ND 58102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2410 Great Northern N Dr
    Fargo, ND 58102-3243
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.