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

    3207 Main Ave Fargo, ND 58103

    • Retail space
    • 74,972 SF
    • 4.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0059480
    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

    • Conquer Ninja Gyms Fargo / Gym & Fitness Center
    • Conquor Ninja / Gym & Fitness Center
    • Harbor Freight Tools / Building Supply / Hardware & Home Improvement

    Property Details for 3207 Main Ave

    Year built
    1994
    Lot size
    4.70 lot acres
    Property size
    74,972 SF
    Property type
    Retail space
    Property subtype
    Distribution centers
    APN
    01-1010-00052-010

    Description

    The Goodman Center presents a compelling investment opportunity in Fargo, North Dakota. This exceptional property encompasses four parcels totaling 4.7 acres, strategically located at 3207 Main Avenue, zip code 58103, in Cass County. The complex boasts an impressive 74,972 square feet of space, distributed across six buildings, offering a diverse range of commercial and warehouse uses. Constructed in 1994, the property benefits from high visibility and accessibility, with significant frontage on Main Avenue and convenient access to Interstate 29. Daily traffic counts exceeding 25,000 vehicles ensure substantial exposure for any business operating within the complex. The property's diverse zoning allows for retail, industrial, and land uses, providing flexibility for a variety of development scenarios. The asking price for this prime commercial real estate is $4,900,000. The property's Assessed Parcel Number (APN) is 01-1010-00052-010. This is a rare opportunity to acquire a well-established, multi-building complex in a thriving North Dakota market. The combination of size, location, and diverse usage potential makes this property an attractive investment for discerning buyers.

    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
    -96.8312402
    Latitude
    46.876663

    Comparable in this City

    • $3,150,000
      24,481 SF

      West Fargo Retail Investment

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      855 45Th St, Fargo, ND 58103
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    • $1,600,000
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      Downtown Fargo Storefront Trio

      Historic Charm, Modern Amenities, High ROI
      716 Main Ave, Fargo, ND 58103
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      57,600 SF

      Fargo Manufacturing and Warehouse Facility

      57,600 SF manufacturing/warehouse with desirable features in Fargo, ND.
      3175 4Th Ave S, Fargo, ND 58103
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    • $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
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    • $10,204,801
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      Fargo Development Land - 49 Acres

      Prime Fargo land, I-29 access, high growth.
      0 64Th Ave, Fargo, ND 58103
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      17,810 SF

      Fargo Industrial/Flex Space Available

      17,810 SF industrial/flex space in central Fargo.
      1902 1St Ave S, Fargo, ND 58103
      View Details

    Similar Nearby for Sale

    • $3,150,000
      24,481 SF

      West Fargo Retail Investment

      Multi-Tenant Retail Center, High NOI
      855 45Th St, Fargo, ND 58103
      View Details
    • $1,600,000
      5,550 SF

      Downtown Fargo Storefront Trio

      Historic Charm, Modern Amenities, High ROI
      716 Main Ave, Fargo, ND 58103
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      57,600 SF

      Fargo Manufacturing and Warehouse Facility

      57,600 SF manufacturing/warehouse with desirable features in Fargo, ND.
      3175 4Th Ave S, Fargo, ND 58103
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    • $1,125,000
      4,020 SF

      Fargo Bank Building - $1.125M

      Turnkey Fargo commercial property. High visibility location.
      1501 32Nd Ave, Fargo, ND 58103
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    • $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
    • $1,850,000
      8,976 SF

      Fargo Flex Space Investment Opportunity

      High-return flex space; prime Fargo location.
      3501 13Th Ave, Fargo, ND 58103
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    Similar Nearby for Lease

    • $13 SF/Yr
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      Parkway Office Building For Sale/Lease

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      217,810 SF

      Fargo Warehouse Space Available

      217,810 SF warehouse space for lease in Fargo.
      2812 42Nd St N, Fargo, ND 58103
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      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
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      8,000 SF

      Retail or Office Space Available

      Retail/office space with showroom, offices, stockroom, and loading dock.
      3223 13Th Ave S, Fargo, ND 58103
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      7,990 SF

      Prime Retail Space in Fargo

      8,000 SF retail space in a high-traffic Fargo location.
      1339 34Th St SW, Fargo, ND 58103
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    • Contact for pricing
      1,780 SF

      Class A Retail Space Available

      Retail space with Class A design and immediate occupancy.
      2911 45Th St S, Fargo, ND 58103
      View Details
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    3207 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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