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Property profile & analytics
OFF-MARKET
Residential income homes
2701 9th N St, Fargo, ND 58102-5101
Entity Owned
5-yr Hold
Property ID
US56-0610233
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1958
Total area
2,544 SF
Lot
0.17 ac (7,221 SF)
Zoning code
MR-3
APN
01-3100-00940-000
UPID
US56-0610233
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
Havana Land Lllp · 5 yrs held
Havana Land Lllp
since 2021
Last sale
$240,000
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
$4,195
Tax year 2023
Assessed value
$130,250
Assessed 2023
Previous assessed
$130,250
+0.0% YoY
Effective rate
3.22%
On assessed value
Assessed land
$12,500
Assessed improvement
$117,750
Land market value
$25,000
Improvement market value
$235,500
Total market value
$260,500
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
1958
Heating
NONE
Units
4
Total area
2,544 SF
Lot
0.17 ac (7,221 SF)
Zoning code
MR-3
APN
01-3100-00940-000
UPID
US56-0610233
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
1958
Heating
NONE
Units
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Havana Land Lllp
Entity
Mailing address
302 1ST AVE S, HAVANA, ND 58043-3900
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
—
Bmb Investments LLC
—
Deed
related
$178,022 · First Western Bank & Trust
Mar 31, 2021
$240,000
Havana Land Lllp
Fourt Walls 713 LLC
Warranty Deed
—
Jun 29, 2020
$190,000
Four Walls 713 LLC
Lk Rental Properties LLC
Warranty Deed
$142,500 · Town & Cntry Cu
Dec 13, 2019
—
Lk Rental Properties LLC
Logan L Kling
Quit Claim Deed
related
—
Nov 18, 2019
—
Bmb Investments LLC
—
Deed
related
$1,936,195 · Blackridgebank
Aug 22, 2019
$190,000
Logan L Kling
James A Clapper
Warranty Deed
$152,000 · First International Bank & Trust
Sep 8, 2017
—
Bmb Investments LLC
—
Deed
related
$836,195 · Blackridgebank
Jul 1, 2008
—
James A Clapper
Herrin,telalreus K
Warranty Deed
related
$114,400 · Gate City Bank
Feb 21, 2007
$140,000
Telaireus K Herrin
Heide,bjorn & Chasity L
Warranty Deed
$126,000 · M & T Bank
Jul 1, 2005
$130,000
Bjorn Heide
Riley,michael W & Karla J
Grant Deed
$104,000 · First Magnus Financial Corp
—
—
James A Clapper
—
Deed Of Trust
related
$157,500 · Gate City Bk
—
—
Michael W Riley
—
Deed Of Trust
related
$20,575 · Alerus Financial NA
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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