Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3253 42Nd St SW Fargo, ND 58104

    Property Lookup

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

    3253 42Nd St SW Fargo, ND 58104

    View on Map
    • Office buildings
    For Lease
    View Listing →
    Class A Office Building For Lease
    Contact for pricing

    Class A Office Building

    New office building with great access and visibility.

    3253 42nd St SW, Fargo, ND 58104
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wildflower Wax Studio LLC / Hair Salon
    • Lavish Waxing Studio / Spa & Massage Center / Skin Care Clinic
    • Mod-ish Luxury Suite / Hair Salon
    • LOFT42 / Hair Salon / Nail Salon
    • Glass Therapeutic Massage / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 3253 42Nd St SW

    Year built
    2020
    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Description

    New Class A office building on the SW corner of 42nd St SE and 32nd Ave SE in Fargo. Near Cass County Electric, JL Beers, Casey's General Store and Schmidt's Jewelry. Great access to Interstate 29 and good visibility on arterial roads ways. Indoor parking stalls also available for rent. The property is well suited for professional office users wanting great space and easy access!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8528008
    Latitude
    46.8310981

    Comparable in this City

    • Contact for pricing
      4,966 SF

      Urban Plains Office/Daycare Space

      Office or daycare space in a popular Fargo location.
      4820 30Th Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing
      4,420 SF

      Class A Office Space Available

      Premier office building on Veterans Blvd, Fargo, ND for rent.
      5650 34Th Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing

      Class A Office Building Space

      Premier Class A office building with drive-thru and signage.
      5650 34Th Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing

      Mixed-Use Space in Fargo

      Mixed-use space in a master-planned lifestyle center.
      2633 55Th St S, Fargo, ND 58104
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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

    Similar Nearby for Sale

    • Contact for pricing
      138,233 SF

      Commercial Lots in South Fargo

      Commercial lots for sale or build-to-suit in South Fargo.
      5500 32Nd Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing
      53,660 SF

      Commercial Lot in Brandt Crossing

      Commercial lot in thriving South Fargo location, build-to-suit option.
      3230 51St St S, Fargo, ND 58104
      View Details
    • Contact for pricing

      Commercial Lots in South Fargo

      Commercial lots available for sale or build-to-suit.
      4609 32Nd Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing
      80,143 SF

      Restaurant Pad Site in Fargo

      Commercial land available in thriving South Fargo development.
      3217 47Th St S, Fargo, ND 58104
      View Details
    • Contact for pricing
      41,122 SF

      3230 Veterans Blvd, Fargo, ND 58104

      Commercial land • 41,122 SF
      3230 Veterans Blvd, Fargo, ND 58104
      View Details
    • Contact for pricing
      65,256 SF

      Restaurant Pad Site For Sale

      Commercial land available in thriving South Fargo development.
      3210 51St St S, Fargo, ND 58104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,420 SF

      Class A Office Space Available

      Premier office building on Veterans Blvd, Fargo, ND for rent.
      5650 34Th Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing
      4,966 SF

      Urban Plains Office/Daycare Space

      Office or daycare space in a popular Fargo location.
      4820 30Th Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing

      Class A Office Building Space

      Premier Class A office building with drive-thru and signage.
      5650 34Th Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing

      Mixed-Use Space in Fargo

      Mixed-use space in a master-planned lifestyle center.
      2633 55Th St S, Fargo, ND 58104
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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
    View Listing
    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.
    3253 42Nd St SW
    Fargo, ND 58104
    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

    Thank You for Inquiry

    3253 42Nd St SW, Fargo, ND, 58104

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!