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

    3129 7th N Ave Fargo, ND 58102-3065

    • Commercial land
    • 927 SF
    • 1.27 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2023
    $880,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0018816
    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 land

    Property Details for 3129 7th N Ave

    Year built
    1939
    Lot size
    1.27 lot acres
    Property size
    927 SF
    Zone code
    SR-3
    Property type
    Commercial land
    APN
    01-2020-00691-000
    APU
    1202000691000

    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
    -96.8293
    Latitude
    46.8839
    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
    $1,517
    $44,000
    $0.00
    $44,000
    -
    $88,000
    $0.00
    $88,000

    Comparable in this City

    • Value Estimation by Request

      6901 County Rd 31

      VACANT COMMERCIAL LAND
      6901 County Rd 31, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      0.03 Acres

      2185 Great Northern N Dr

      VACANT COMMERCIAL LAND • 0.03 Acres
      2185 Great Northern N Dr, Fargo, ND 58102-3246
      View Details
    • Value Estimation by Request
      0.32 Acres

      3030 1st N Ave

      VACANT COMMERCIAL LAND • 0.32 Acres
      3030 1st N Ave, Fargo, ND 58102-3004
      View Details
    • Value Estimation by Request
      0.29 Acres

      705 22nd N St

      VACANT COMMERCIAL LAND • 0.29 Acres
      705 22nd N St, Fargo, ND 58102
      View Details
    • Value Estimation by Request
      0.71 Acres

      4554 27th N St

      VACANT COMMERCIAL LAND • 0.71 Acres
      4554 27th N St, Fargo, ND 58102-3284
      View Details
    • Value Estimation by Request
      0.71 Acres

      4704 27th N St

      VACANT COMMERCIAL LAND • 0.71 Acres
      4704 27th N St, Fargo, ND 58102
      View Details

    Similar Nearby for Sale

    • $1,673,225

      Fargo Commercial Land For Sale

      Commercial land available near prominent businesses and future Von Maur.
      4159 17Th Ave S, Fargo, ND 58102
      View Details
    • $325,715

      Fargo Commercial Land Opportunity

      Commercial land with highway frontage and industrial surroundings.
      1212 46Th St N, Fargo, ND 58102
      View Details
    • $1,600,000
      40.00 Acres

      Prime Fargo Agricultural/Commercial Land

      40 acres, $1.6M, excellent investment opportunity.
      0 19Th Ave, Fargo, ND 58102
      View Details
    • $777,437
      6.05 Acres

      Fargo Industrial Land: 6 Acres

      Prime Fargo industrial land, excellent access.
      2600 42Nd St, Fargo, ND 58102
      View Details
    • $1,412,611

      Fargo Industrial Land Investment

      Prime Fargo land, ideal for commercial/industrial development.
      0 44Th St, Fargo, ND 58102
      View Details
    • $2,899,218

      Fargo Industrial Land Investment Opportunity

      Prime Fargo land, ideal for build-to-suit.
      0 44Th St, Fargo, ND 58102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      370,260 SF

      Fargo Industrial Land Build-to-Suit

      Prime Fargo industrial land, build-to-suit options.
      2923 43Rd St, Fargo, ND 58102
      View Details
    • $16 SF/Yr
      15,815 SF

      Downtown Fargo Creative Office Space

      High-traffic retail/office, flexible layout.
      222 Broadway, Fargo, ND 58102
      View Details
    • $9 SF/Yr
      62,442 SF

      Northport Shopping Center: Fargo Retail Space

      Prime Fargo retail space, multiple suites available.
      2500 Broadway, Fargo, ND 58102
      View Details
    • $9 SF/Yr
      6,160 SF

      Fargo Executive Office Suite

      Prime 6,160 sq ft Office Space for Lease
      3417 7Th Ave, Fargo, ND 58102
      View Details
    • $16 SF/Yr
      22,232 SF

      Executive Suites, Fargo, ND

      Prestigious Fargo office space available.
      320 5Th St, Fargo, ND 58102
      View Details
    • $7 SF/Yr
      505,700 SF

      Dakota Commerce Center: Fargo, ND

      Modern Industrial Space, Fargo, ND
      3701 40Th Ave, Fargo, ND 58102
      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.
    3129 7th N Ave
    Fargo, ND 58102-3065
    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.