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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
3201 Fiechtner S Dr Fargo, ND 58103-2358
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US56-0056407
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1983
Total area
9,600 SF
Lot
0.97 ac (42,089 SF)
Zoning code
LI
APN
01-4021-00183-000
UPID
US56-0056407
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
-
Patti L. Senn, MS Counselor
-
Peace Academy High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$855k
Owner & transaction history
Mcinnes Properties LLC · 6 yrs held
Mcinnes Properties LLC
since 2020
Last sale
$769,000
3 recorded transactions
Zoning & alternative use
LI · Fargo, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+36.9%
Office building
$925,000
+14.3%
Warehouse, storage
$895,000
+10.9%
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
$905,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$810,000
Current use
COMMERCIAL (GENERAL)
$1,105,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$925,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$895,000
Change: +11% · Conversion: Difficult
RESTAURANT
$755,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$720,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $769k (Mar 13 2020)
Last sale anchor
$769k
Mar 13 2020
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
$89 / 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
$4,523
Tax year 2023
Assessed value
$115,500
Assessed 2023
Previous assessed
$503,500
-77.1% YoY
Effective rate
3.92%
On assessed value
Assessed land
$115,500
Land market value
$231,000
Total market value
$231,000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1983
Heating
NONE
Total area
9,600 SF
Lot
0.97 ac (42,089 SF)
Zoning code
LI
APN
01-4021-00183-000
UPID
US56-0056407
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
RETAIL STORES Current
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$925,000
WAREHOUSE, STORAGE
Est. value
$895,000
RESTAURANT
Est. value
$755,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$720,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
RESTAURANT
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
1983
Heating
NONE
Lot
0.97 ac
Current owner
From public records · entity-resolved
Mcinnes Properties LLC
Entity
Mailing address
2544 32ND ST S, FARGO, ND 58103-7846
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
—
My 3 Sons Holdings LLC
—
Deed
related
$750,000 · Bell Bank
Mar 13, 2020
$769,000
Mcinnes Properties LLC
Ressler Family LP
Warranty Deed
$538,000 · American Federal Bank
May 14, 2012
—
Ressler Family LP
—
Trustees Deed
related
$200,359 · State Bank & Trust
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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