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

    310 Main Ave Fargo, ND 58103

    • Commercial real estate
    • 84,320 SF
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0013112
    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

    • Kava Kove / Store
    • Services Page / Transportation Service
    • Fargo Fryn' Pan Family Restaurant / Family Restaurant / Breakfast Restaurant
    • Northland Vapor & CBD East / Vaporizer Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 310 Main Ave

    Property size
    84,320 SF
    Property type
    Commercial real estate

    Description

    Gateway North, located at 310 Main Ave in Fargo, ND 58103, offers a unique opportunity to lease retail space within a vibrant mixed-use development. This five-story building boasts 84,320 total square feet, with 6,500 square feet currently available for lease. The property is situated in the heart of downtown Fargo, providing exceptional visibility on Main Avenue and convenient access to both Fargo and Moorhead. The building's design incorporates a blend of commercial space, high-end condominiums, and apartments, creating a built-in customer base for retail tenants. The available space is flexible, accommodating tenants requiring anywhere from 1,000 to 6,500 square feet. This newly constructed building offers a modern and attractive environment for businesses seeking a prominent location in a thriving urban setting. The property is classified as Retail and Mixed-Use, and is situated in Cass County. The building's strategic location and the presence of residential units within the development promise a high volume of foot traffic and potential customers. This is an exceptional opportunity to establish a presence in a dynamic and rapidly growing area.

    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
    -96.78334
    Latitude
    46.873865

    Comparable in this City

    • $18 SF/Yr
      42,072 SF

      Cityscapes Center: Prime Office Space

      Class A Office, 1800 sq ft Available
      474 45Th St, Fargo, ND 58103
      View Details
    • Contact for pricing
      32,908 SF

      Midtown Market Fargo Office Suites

      Fargo, ND retail & office space available.
      2301 University Dr, Fargo, ND 58103
      View Details
    • $12 SF/Yr
      34,092 SF

      Fargo Creative Office Sublease

      Prime Fargo Office Space Available
      5050 13Th Ave, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      1,184 SF

      Mixed-Use Building Near Essentia Hospital

      Two-story office and retail building near Essentia Hospital.
      3003 32Nd Ave S, Fargo, ND 58103
      View Details
    • $13 SF/Yr
      103,460 SF

      Fargo Retail Space: 1986 SF

      Grocery-anchored retail space, ideal for various uses.
      3051 25Th St, Fargo, ND 58103
      View Details
    • $13 SF/Yr
      16,190 SF

      8,000 SF Retail Space

      Retail properties • 16,190 SF
      1339 34Th St, Fargo, ND 58103
      View Details

    Similar Nearby for Sale

    • $1,125,000
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      Fargo Bank Building - $1.125M

      Turnkey Fargo commercial property. High visibility location.
      1501 32Nd Ave, Fargo, ND 58103
      View Details
    • $525,000
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      South Fargo Restaurant - $525K

      Profitable Restaurant, Great Location
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    • $850,000
      2,775 SF

      Downtown Fargo Retail Condo

      Historic Main Ave gem, 2775 sq ft.
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    • $1,995,000
      13,725 SF

      Downtown Fargo Retail Investment

      Prime Location, High Traffic, Strong Tenants
      1712 Main Ave, Fargo, ND 58103
      View Details
    • $3,150,000
      24,481 SF

      West Fargo Retail Investment

      Multi-Tenant Retail Center, High NOI
      855 45Th St, Fargo, ND 58103
      View Details
    • $899,000
      2,777 SF

      Retail Property in Fargo, ND

      Retail property for sale with 2,777 square feet.
      3072 45Th St S, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      42,072 SF

      Cityscapes Center: Prime Office Space

      Class A Office, 1800 sq ft Available
      474 45Th St, Fargo, ND 58103
      View Details
    • Contact for pricing
      32,908 SF

      Midtown Market Fargo Office Suites

      Fargo, ND retail & office space available.
      2301 University Dr, Fargo, ND 58103
      View Details
    • $12 SF/Yr
      34,092 SF

      Fargo Creative Office Sublease

      Prime Fargo Office Space Available
      5050 13Th Ave, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      1,184 SF

      Mixed-Use Building Near Essentia Hospital

      Two-story office and retail building near Essentia Hospital.
      3003 32Nd Ave S, Fargo, ND 58103
      View Details
    • $13 SF/Yr
      103,460 SF

      Fargo Retail Space: 1986 SF

      Grocery-anchored retail space, ideal for various uses.
      3051 25Th St, Fargo, ND 58103
      View Details
    • $13 SF/Yr
      16,190 SF

      8,000 SF Retail Space

      Retail properties • 16,190 SF
      1339 34Th St, Fargo, ND 58103
      View Details
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    310 Main Ave
    Fargo, ND 58103
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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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