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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
303 4th SE Ave Mapleton, ND 58059-4031
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US56-0041749
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
5,832 SF
Lot
3.1 ac (135,036 SF)
APN
18-0550-00110-000
UPID
US56-0041749
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
$640k
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$555k
Owner & transaction history
Klefstad Building Rentals · 9 yrs held
Klefstad Building Rentals
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+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 Mapleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mapleton 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%
$690,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$595,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$550,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$95 / 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
$7,084
Tax year 2023
Assessed value
$227,850
Assessed 2023
Previous assessed
$213,900
+6.5% YoY
Effective rate
3.11%
On assessed value
Assessed land
$66,450
Assessed improvement
$161,400
Land market value
$132,900
Improvement market value
$322,800
Total market value
$455,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2009
Heating
NONE
Buildings
2
Total area
5,832 SF
Lot
3.1 ac (135,036 SF)
APN
18-0550-00110-000
UPID
US56-0041749
Jurisdiction
CASS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$550,000
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
2009
Heating
NONE
Buildings
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
Klefstad Building Rentals
Individual
Mailing address
615 15TH AVE E, WEST FARGO, ND 58078-4015
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
Klefstad Building Rentals
—
Deed
related
$738,000 · American Federal Bank
Jun 15, 2022
—
Klefstad Uilding Rentals
—
Deed
related
$570,000 · American Federal Bank
Jul 17, 2017
—
Klefstad Building Rentals
Klefstad Trust
Quit Claim Deed
related
—
Jun 28, 2017
—
Klefstad Building Rentals
—
Deed
related
$228,000 · American Fed'l Bk
Jun 5, 2017
—
Klefstad Trust
Klefstad,alan & Gayle
Quit Claim Deed
related
—
Feb 22, 2017
—
Alan M Klefstad
—
Deed
related
$50,000 · First Int'l Bk
Aug 31, 2015
—
Alan M Klefstad
—
Trustees Deed
related
$50,000 · First Int'l Bk
—
—
Andrew R Klefstad
—
Deed Of Trust
related
$47,537 · Farmers & Merchants State Bank
—
—
Klefstad Building Rentals
—
Deed Of Trust
related
$228,000 · American Fed'l Bk
—
—
Alan M Klefstad
—
Loan Modification
related
$50,000 · First Int'l Bk
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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