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    Property profile & analytics

    40 1st Ave Davenport, ND 58021-4000

    • Individual retail properties
    • 520 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 09, 2024
    $30,000
    Location Intelligence
    Property ID
    US56-0028191
    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

    • Individual retail properties

    Property Details for 40 1st Ave

    Year built
    1991
    Property size
    520 SF
    Property type
    Individual retail properties
    APN
    12-0400-12523-000
    APU
    12040012523000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Cass
    State
    North Dakota
    Longitude
    -97.0703
    Latitude
    46.7117
    CBSA code
    22020
    CBSA name
    FARGO, ND-MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $463
    $2,650
    $12,950
    $15,600
    -
    $5,300
    $25,900
    $31,200

    Comparable in this City

    • Value Estimation by Request

      45 1st Ave

      BAR, TAVERN
      45 1st Ave, Davenport, ND 58021-4000
      View Details
    • Value Estimation by Request

      300 1st Ave

      VACANT COMMERCIAL LAND
      300 1st Ave, Davenport, ND 58021-8514
      View Details
    • Value Estimation by Request
      1,890 SF

      420 1st Ave

      WAREHOUSE, STORAGE • 1,890 SF
      420 1st Ave, Davenport, ND 58021
      View Details
    • Value Estimation by Request

      125 Main St

      VACANT COMMERCIAL LAND
      125 Main St, Davenport, ND 58021-8502
      View Details
    • Value Estimation
      $255,000
      1,500 SF

      170 2nd St

      COMMERCIAL (GENERAL) • 1,500 SF
      170 2nd St, Davenport, ND 58021-4022
      View Details
    • Value Estimation
      $555,000
      10,300 SF

      4487 165th SE Ave

      MANUFACTURING (LIGHT) • 10,300 SF
      4487 165th SE Ave, Davenport, ND 58021-9724
      View Details
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    40 1st Ave
    Davenport, ND 58021-4000
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    Realmo Value Estimation

    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.

    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.

    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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