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Property profile & analytics
OFF-MARKET
Estimated value
$4,480,000
Warehouses
2800 Main Ave Fargo, ND 58103-6811
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US56-0000650
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Total area
45,780 SF
Lot
2.32 ac (100,940 SF)
Zoning code
LI
APN
01-3500-00785-000
UPID
US56-0000650
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
Current use
Occupant on record · Public records
-
Anne Carlsen Center Social Service Agency
-
TNT Kid's Fitness & Gymnastics Gym & Fitness Center
-
Leslie Ann Pladson Frie Physician
-
Leslie Pladson Frie Physician
-
Marcus Anthony Sickler Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$4.48M
Owner & transaction history
Tnt Kids Fitness · 12 yrs held
Tnt Kids Fitness
since 2013
7 recorded transactions
Zoning & alternative use
LI · Fargo, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.0M
+27.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,690,000
Current use
COMMERCIAL (GENERAL)
$5,955,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,315,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.48M
Range $4.03M – $4.93M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
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
$5,512
Tax year 2023
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Heating
NONE
Total area
45,780 SF
Lot
2.32 ac (100,940 SF)
Zoning code
LI
APN
01-3500-00785-000
UPID
US56-0000650
Jurisdiction
CASS
Zoning & alternative use
LI · Fargo, ND
Zoning LI · permitted uses
LI · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Lot
2.32 ac
Current owner
From public records · entity-resolved
Tnt Kids Fitness
Individual
Mailing address
2800 MAIN AVE, FARGO, ND 58103-6811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
—
Tnt Kids Fitness
—
Deed
related
$350,000 · Bremer Bank NA
Aug 10, 2015
—
Tnt Kids Fitness
—
Trustees Deed
related
$1,320,000 · Bremer Bk
Oct 25, 2013
$2,000,000
Tnt Kids Fitness
Kns Properties LLC
Warranty Deed
$1,500,000 · Gate City Bank
Aug 1, 2012
$2,000,000
Tnt Kids Fitness
Kns Properties LLC
Dual Purpose Document
$2,060,000 · Kns Properties LLC
May 15, 2006
—
Kns Properties LLC
Kiefer Parking Nd LLC
Warranty Deed
$1,050,000 · Western State Bank
—
—
Kns Properties LLC
—
Loan Modification
related
—
—
—
Tnt Kids Fitness
—
Deed Of Trust
related
$2,480,000 · Bremer Bk
—
—
Kns Properties LLC
—
Loan Modification
related
—
—
—
Kns Properties LLC
—
Deed Of Trust
related
$112,017 · Western State Bank
—
—
Kns Properties LLC
—
Deed Of Trust
related
—
—
—
Kns Properties LLC
—
Loan Modification
related
—
—
—
Kns Properties LLC
—
Loan Modification
related
—
—
—
Kns Properties LLC
—
Deed Of Trust
related
—
—
—
Kns Properties LLC
—
Deed Of Trust
related
$1,400,429 · Western State Bank
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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