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

    3103 28th Ave S Lk Fargo, ND 58103

    • Commercial real estate
    • 3.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0073302
    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

    • Commercial real estate

    Property Details for 3103 28th Ave S Lk

    Lot size
    3.73 lot acres
    Zone code
    SR-2
    Property type
    Commercial real estate
    APN
    01-4009-00760-000
    APU
    1400900760000

    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
    -96.8267
    Latitude
    46.8405
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,284 SF

      1212 36Th St

      Restaurants • 4,284 SF
      1212 36Th St, Fargo, ND 58103
      View Details
    • Value Estimation
      $8,870,000
      72,302 SF

      1733 16th S St

      COMMERCIAL MISC • 72,302 SF
      1733 16th S St, Fargo, ND 58103-4829
      View Details
    • Value Estimation by Request

      1381 25th S Ave

      COMMERCIAL (GENERAL)
      1381 25th S Ave, Fargo, ND 58103-0003
      View Details
    • Value Estimation by Request
      0.03 Acres

      2538 26th S Ave

      COMMERCIAL (GENERAL) • 0.03 Acres
      2538 26th S Ave, Fargo, ND 58103-5027
      View Details
    • Value Estimation by Request

      4660 7Th Ave

      Land
      4660 7Th Ave, Fargo, ND 58103
      View Details
    • Value Estimation by Request
      0.14 Acres

      2350 Main Ave

      COMMERCIAL (GENERAL) • 0.14 Acres
      2350 Main Ave, Fargo, ND 58103-1340
      View Details

    Similar Nearby for Sale

    • $191,000

      Westfield Land: Fargo Development Opportunity

      Prime commercial/residential land, Fargo, ND.
      4665 8Th Ave, Fargo, ND 58103
      View Details
    • $850,000
      13,109 SF

      2425 Main Ave, Fargo, ND 58103

      Commercial real estate • 13,109 SF
      2425 Main Ave, Fargo, ND 58103
      View Details
    • $1,995,000
      4,284 SF

      Prime Fargo Restaurant Property

      Former Burger King, 4,284 SF, High Traffic Area
      1212 36Th St, Fargo, ND 58103
      View Details
    • $10,204,801
      49.32 Acres

      Fargo Development Land - 49 Acres

      Prime Fargo land, I-29 access, high growth.
      0 64Th Ave, Fargo, ND 58103
      View Details
    • $553,500
      0.94 Acres

      Fargo Commercial Land Opportunity

      Prime 0.94-acre commercial lot in Fargo, ND.
      1381 25Th Ave, Fargo, ND 58103
      View Details
    • $1,673,225

      West Acres Commercial Land

      Fargo, ND: Prime commercial lot, high traffic.
      4159 17Th Ave, 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
    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      8,430 SF

      Fargo Executive Office Space Available

      Class A Office, 3,597 SF, Ready for Tenant Improvements
      3203 32Nd Ave, Fargo, ND 58103
      View Details
    • $18 SF/Yr
      7,192 SF

      Fargo Executive Office Suites

      Move-in ready office space, ample parking.
      3212 14Th Ave, Fargo, ND 58103
      View Details
    • $22 SF/Yr
      6,500 SF

      Fargo Office Space For Rent

      Office spaces available, customizable to tenant needs in Fargo.
      310 Main Ave, Fargo, ND 58103
      View Details
    • $6 SF/Yr
      1,472 SF

      Industrial Space Available For Lease

      1,472 square feet of industrial space for lease.
      910 Page Dr S, Fargo, ND 58103
      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.
    3103 28th Ave S Lk
    Fargo, ND 58103
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.