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

    3501 13Th Ave Fargo, ND 58103

    • Flex space
    • 8,976 SF
    For Sale
    View listing
    $1,850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0053803
    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

    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Smokes 4 less On 13Th / (Bike/Boat/Book/etc) Store
    • Smokes4less / (Bike/Boat/Book/etc) Store

    Property Details for 3501 13Th Ave

    Property size
    8,976 SF
    Property type
    Flex space

    Description

    This exceptional 8,976 square foot flex space industrial property, situated on a nearly one-acre lot at the corner of 13th Avenue South and I-29 in Fargo, North Dakota, presents a compelling investment opportunity. Priced at $1,850,000 ($206.11/sq ft), this multi-tenant building offers significant potential for both owner-operators and passive income investors. The property boasts a 21-foot ceiling height, providing ample vertical space for various uses. Its strategic location within the well-established Meineke building ensures high visibility and accessibility. The expansive lot size offers significant room for expansion, allowing for future development or additions to further enhance the property's value and rental income. This is a rare chance to acquire a well-positioned industrial property in a thriving Fargo market, offering a blend of immediate income generation and long-term growth potential. The property is located in Cass County, North Dakota, with the address being 3501 13th Ave S, Fargo, ND 58103.

    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
    -96.8385185
    Latitude
    46.8631266

    Comparable in this City

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      17,810 SF

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      17,810 SF industrial/flex space in central Fargo.
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      34,126 SF

      Fargo Flex Space with I-29 Access

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      46,606 SF

      Fargo Industrial and Storage Portfolio

      Diverse industrial and self-storage portfolio in a prime Fargo location.
      1717 1St Ave N, 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
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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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    Similar Nearby for Sale

    • Contact for pricing
      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
    • Contact for pricing
      34,126 SF

      Fargo Flex Space with I-29 Access

      Climate-controlled flex space with generator and refrigeration units, near I-29.
      342 42Nd St S, Fargo, ND 58103
      View Details
    • Contact for pricing
      46,606 SF

      Fargo Industrial and Storage Portfolio

      Diverse industrial and self-storage portfolio in a prime Fargo location.
      1717 1St Ave N, Fargo, ND 58103
      View Details
    • $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
    • Contact for pricing
      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
      View Details
    • $1,125,000
      4,020 SF

      Fargo Bank Building - $1.125M

      Turnkey Fargo commercial property. High visibility location.
      1501 32Nd Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Office and Shop Space Available

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      900 Page Dr S, Fargo, ND 58103
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    • $5 SF/Yr
      33,400 SF

      1402 43rd St N, Fargo, ND

      Flex space • 33,400 SF
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    • $15 SF/Yr
      8,976 SF

      Fargo Flex Space: I-29 Visibility

      High-impact retail/industrial space. Excellent Fargo location.
      3501 13Th Ave, Fargo, ND 58103
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    • Contact for pricing
      1,472 SF

      Industrial Space Available For Lease

      1,472 square feet of industrial space for lease.
      910 Page Dr S, Fargo, ND 58103
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      217,810 SF

      Fargo Warehouse Space Available

      217,810 SF warehouse space for lease in Fargo.
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    • Contact for pricing
      3,920 SF

      Corner Warehouse with Recent Upgrades

      Warehouse with new garage doors, doors, and parking lot.
      2790 5Th Ave S, Fargo, ND 58103
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    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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