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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Retail space
4350 13th S Ave Fargo, ND 58103-3310
Entity Owned
5-yr Hold
Free & Clear
Property ID
US56-0020870
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1985
Total area
9,251 SF
Lot
1.1 ac (47,999 SF)
Zoning code
GC
APN
01-2332-00350-000
UPID
US56-0020870
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.77M
Owner & transaction history
Halle Properties LLC · 5 yrs held
Halle Properties LLC
since 2020
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
GC · Fargo, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+36.9%
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
$2,120,000
ML approach
$2,225,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,405,000
7%
$1,305,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,065,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10% · vs last sale $1.80M (Oct 16 2020)
Last sale anchor
$1.80M
Oct 16 2020
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
$191 / 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
$8,359
Tax year 2023
Assessed value
$264,000
Assessed 2023
Previous assessed
$264,000
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$264,000
Land market value
$528,000
Total market value
$528,000
Applied tax rate
6.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1985
Heating
NONE
Total area
9,251 SF
Lot
1.1 ac (47,999 SF)
Zoning code
GC
APN
01-2332-00350-000
UPID
US56-0020870
Jurisdiction
CASS
Zoning & alternative use
GC · Fargo, ND
Zoning GC · permitted uses
GC · Fargo, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fargo. Always verify with local authorities before improvements.
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
1985
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Halle Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
20225 N SCOTTSDALE RD, SCOTTSDALE, AZ 85255-6456
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
$1,800,000
Halle Properties LLC
Phillips-phillips LLC
Warranty Deed
—
Jun 4, 2019
—
Halle Properties LLC
Petrarca,anthony A
Quit Claim Deed
related
—
Aug 5, 2016
—
Phillips-phillips LLC
—
Deed
related
—
Jun 9, 2016
—
Phillips Phillips LLC
—
Deed
related
$250,000 · Bremer Bank NA
Feb 22, 2011
—
Phillips Staveteig LLC
Rodney D Searls
Warranty Deed
$1,440,000 · Bremer Bank NA
—
—
Rodney D Searls
—
Deed Of Trust
related
—
—
—
Phillips-phillips LLC
—
Loan Modification
related
—
—
—
Phillips-phillips 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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