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

    4660 7Th Ave Fargo, ND 58103

    • Commercial real estate
    For Sale
    View listing
    $670,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0037017
    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

    • Commercial real estate

    Property Details for 4660 7Th Ave

    Property type
    Commercial real estate
    APN
    01-3880-01563-000

    Description

    This exceptional 83,625 square foot commercial land parcel, located at 4660 7th Ave S in Fargo, North Dakota, presents a unique development opportunity. Zoned for commercial use, this property offers significant potential for a variety of projects, including office buildings, medical facilities, retail spaces, or single-user developments. Situated in the Westfield Business Park, just off 45th St S between Main and 13th Avenue, this location provides excellent visibility and accessibility. The asking price is $670,000, translating to a land value of $8.05 per square foot. The property is comprised of three parcels (details available in a brochure) and is held in trust under APN 01-3880-01563-000. This prime location in Fargo, Cass County, zip code 58103, offers investors a chance to capitalize on the growing commercial sector. The property is suitable for a range of commercial and residential uses, making it a versatile investment. Further details are available upon request.

    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
    -96.864116671017
    Latitude
    46.86886758773

    Comparable in this City

    • $191,000

      Westfield Land: Fargo Development Opportunity

      Prime commercial/residential land, Fargo, ND.
      4665 8Th Ave, 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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    • $1,000,000

      Fargo Land For Sale

      Land available for sale in Fargo, North Dakota.
      72 2Nd St N, Fargo, ND 58103
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    • Contact for pricing

      Commercial Land in North Fargo

      Prime commercial land with high visibility and easy access.
      2801 12Th St S, Fargo, ND 58103
      View Details
    • $553,500
      0.94 Acres

      Fargo Commercial Land Opportunity

      Prime 0.94-acre commercial lot in Fargo, ND.
      1381 25Th Ave, Fargo, ND 58103
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    • $1,673,225

      West Acres Commercial Land

      Fargo, ND: Prime commercial lot, high traffic.
      4159 17Th Ave, Fargo, ND 58103
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    Similar Nearby for Sale

    • $191,000

      Westfield Land: Fargo Development Opportunity

      Prime commercial/residential land, Fargo, ND.
      4665 8Th Ave, 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
    • $1,000,000

      Fargo Land For Sale

      Land available for sale in Fargo, North Dakota.
      72 2Nd St N, Fargo, ND 58103
      View Details
    • Contact for pricing

      Commercial Land in North Fargo

      Prime commercial land with high visibility and easy access.
      2801 12Th St S, Fargo, ND 58103
      View Details
    • $553,500
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      Fargo Commercial Land Opportunity

      Prime 0.94-acre commercial lot in Fargo, ND.
      1381 25Th Ave, Fargo, ND 58103
      View Details
    • $1,673,225

      West Acres Commercial Land

      Fargo, ND: Prime commercial lot, high traffic.
      4159 17Th Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,022 SF

      Mixed-Use Development in Prime Location

      Mixed-use property with apartments and commercial space in Fargo, ND.
      1621 S University Dr, Fargo, ND 58103
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    • $18 SF/Yr
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      Cityscapes Center: Prime Office Space

      Class A Office, 1800 sq ft Available
      474 45Th St, Fargo, ND 58103
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    • $14 SF/Yr
      8,430 SF

      Fargo Executive Office Space Available

      Class A Office, 3,597 SF, Ready for Tenant Improvements
      3203 32Nd Ave, Fargo, ND 58103
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    • $18 SF/Yr
      7,192 SF

      Fargo Executive Office Suites

      Move-in ready office space, ample parking.
      3212 14Th Ave, Fargo, ND 58103
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    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
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    • $14 SF/Yr
      1,870 SF

      Fargo Office Space For Lease

      Office space available for lease near 13th Ave and 25th St.
      1325 23Rd St S, Fargo, ND 58103
      View Details
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    4660 7Th Ave
    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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