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    Property profile & analytics

    3253 42Nd St Fargo, ND 58104

    • Office space
    • 8,313 SF
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0680841
    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

    • Wildflower Wax Studio LLC / Hair Removal Service
    • Lavish Waxing Studio / Waxing Hair Removal Service
    • Mod-ish Luxury Suite / Hair Salon
    • LOFT42 / Hair Salon / Beauty Salon
    • Glass Therapeutic Massage / Massage Therapist

    Property Details for 3253 42Nd St

    Year built
    2020
    Property size
    8,313 SF
    Property type
    Office space

    Description

    This exceptional Fargo, ND office property, located at 3253 42nd St SW, offers 8,313 square feet of versatile space in a two-building, two-story Class B complex. Built in 2020, the property features 3,380 square feet of immediately available space, ideal for a variety of professional office uses. The building boasts convenient amenities including one hydraulic elevator, ample parking with 35 total spaces, and readily available power. Its strategic location at the southwest corner of 42nd Street SW and 32nd Avenue SE provides excellent visibility and accessibility. Nearby businesses include Cass County Electric, JL Beers, Casey's General Store, and Schmidt's Jewelry, ensuring a vibrant and convenient environment. The property's LC zoning and APN 01-8552-00220-000 further define its potential. Enjoy easy access to Interstate 29, enhancing connectivity and commutes. Indoor parking stalls are also available for rent, adding to the property's overall appeal. This is a prime opportunity for businesses seeking high-quality office space in a desirable Fargo location. The property is well-suited for professional office users seeking both ample space and convenient access.

    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
    -96.85253520784
    Latitude
    46.831136788732

    Comparable in this City

    • $84 SF/Yr
      15,002 SF

      Brandt Office Park: Fargo, ND

      Executive Suites, Coworking Spaces Available
      3523 45Th St, Fargo, ND 58104
      View Details
    • $1,200 /Mo
      80 SF

      Fargo Office Space For Rent

      Office space with natural light suitable for wellness professionals.
      5153 44Th St S, Fargo, ND 58104
      View Details
    • $12 SF/Yr
      2,712 SF

      Fargo Office Space For Lease

      Office space available for lease in the Apex Business Center.
      4141 38Th St S, Fargo, ND 58104
      View Details
    • $15 SF/Yr
      1,248 SF

      Office Space with High Visibility

      Office space available with high traffic and signage opportunities.
      3481 University Dr S, Fargo, ND 58104
      View Details
    • $13 SF/Yr
      1,143 SF

      Well-Maintained Office Space Available

      Office space for rent with natural light and parking.
      4650 38Th Ave S, Fargo, ND 58104
      View Details
    • $12 SF/Yr
      5,025 SF

      Fargo Office Space For Rent

      Office space available near various businesses and healthcare facilities.
      2632 47Th St S, Fargo, ND 58104
      View Details

    Similar Nearby for Sale

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      Fargo, ND development site; prime location.
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    • $1,923,432
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      Brandt Crossing Commercial Land

      Prime Fargo Development Site, 80,143 SF
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    • $1,426,586
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      Crossroads Commercial Land - Lot 1

      Fargo, ND executive office land
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    Similar Nearby for Lease

    • $84 SF/Yr
      15,002 SF

      Brandt Office Park: Fargo, ND

      Executive Suites, Coworking Spaces Available
      3523 45Th St, Fargo, ND 58104
      View Details
    • $1,200 /Mo
      80 SF

      Fargo Office Space For Rent

      Office space with natural light suitable for wellness professionals.
      5153 44Th St S, Fargo, ND 58104
      View Details
    • $17 SF/Yr
      8,420 SF

      South Fargo Office Space Available

      Office space with great visibility and underground parking available.
      4150 40Th Ave S, Fargo, ND 58104
      View Details
    • $13 SF/Yr
      3,954 SF

      Office Space in Fargo

      Second floor office space available for lease in Fargo.
      4776 28Th Ave S, Fargo, ND 58104
      View Details
    • $13 SF/Yr
      1,143 SF

      Well-Maintained Office Space Available

      Office space for rent with natural light and parking.
      4650 38Th Ave S, Fargo, ND 58104
      View Details
    • $12 SF/Yr
      5,025 SF

      Fargo Office Space For Rent

      Office space available near various businesses and healthcare facilities.
      2632 47Th St S, Fargo, ND 58104
      View Details
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    3253 42Nd St
    Fargo, ND 58104
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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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