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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Office buildings
3241 University S Dr Fargo, ND 58104-6221
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US56-0048069
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
9,632 SF
Lot
1.06 ac (46,060 SF)
Zoning code
GC
APN
01-2740-00111-000
UPID
US56-0048069
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
-
Packet Digital Factory Production Facility
-
Botlink (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
Td Companies LLC · 5 yrs held
Td Companies LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
GC · Fargo, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GC, General Commercial district is primarily intended to accommodate commercial uses. It allows a full range of retail, service, office and commercial uses.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,981.27 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.1M
+19.8%
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
$1,640,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$2,005,000
6.5%
$1,850,000
7%
$1,720,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,110,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±10% · vs last sale $1.50M (May 20 2021)
Last sale anchor
$1.50M
May 20 2021
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
$170 / 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
$4,775
Tax year 2023
Assessed value
$161,000
Assessed 2023
Previous assessed
$161,000
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$161,000
Land market value
$322,000
Total market value
$322,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
NONE
Total area
9,632 SF
Lot
1.06 ac (46,060 SF)
Zoning code
GC
APN
01-2740-00111-000
UPID
US56-0048069
Jurisdiction
CASS
Zoning & alternative use
GC · Fargo, NDZoning GC · permitted uses
GC · Fargo, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GC, General Commercial district is primarily intended to accommodate commercial uses. It allows a full range of retail, service, office and commercial uses.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,981.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.1M
COMMERCIAL (GENERAL)
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
1977
Heating
NONE
Lot
1.06 ac
Current owner
From public records · entity-resolved
Td Companies LLC
Entity
Mailing address
1743 9TH ST S, FARGO, ND 58103-4909
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
Td Companies LLC
—
Deed
related
$105,947 · Growth Initiative Fund INC
Sep 16, 2022
—
The Companies LLC
—
Deed
related
$1,409,400 · Border Bank
May 20, 2021
$1,495,000
Td Companies LLC
T A G LLC
Warranty Deed
$870,000 · First International Bank & Trust
Jul 10, 2017
—
Tag LLC
—
Deed
related
—
Feb 8, 2006
—
Tag LLC
Audio Media Corp
Warranty Deed
$68,895 · First International Bank & Trust
—
—
Tag LLC
—
Deed Of Trust
related
—
—
—
Tag LLC
—
Loan Modification
related
—
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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