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Property profile & analytics
OFF-MARKET
Estimated value
$3,360,000
Commercial real estate
4949 10th S Ave Grand Forks, ND 58201
Entity Owned
1-yr Hold
Free & Clear
Property ID
US56-0665723
Property summary
AI-generated overview
This exceptional industrial property in Grand Forks, North Dakota, presents a compelling investment opportunity. The warehouse, totaling 106,365 square feet, sits on a generous 2.44-acre lot and offers significant potential. The building boasts a substantial 48,000+ square foot concrete structure, featuring a combination of warehouse and office space, perfectly suited for a variety of uses. Multiple loading docks and overhead doors provide efficient access and flexibility for operations. The high ceilings, measuring 20 feet, maximize storage and operational space. The property's versatility extends beyond its current configuration
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Total area
48,386 SF
Lot
2.44 ac (106,365 SF)
APN
44190600001000
UPID
US56-0665723
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
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.36M
Owner & transaction history
Midtown Ventures LLC · 1 yrs held
Midtown Ventures LLC
since 2024
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Grand Forks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Forks 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
$3,360,000
ML approach
$3,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±10% · vs last sale $3.36M (Dec 18 2024)
Last sale anchor
$3.36M
Dec 18 2024
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
$69 / 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
$45,706
Tax year 2023
Assessed value
$1,296,500
Assessed 2023
Previous assessed
$1,171,900
+10.6% YoY
Effective rate
3.53%
On assessed value
Assessed land
$140,500
Assessed improvement
$1,156,000
Land market value
$281,000
Improvement market value
$2,312,000
Total market value
$2,593,000
Applied tax rate
4,405.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Stories
1
Total area
48,386 SF
Lot
2.44 ac (106,365 SF)
APN
44190600001000
UPID
US56-0665723
Jurisdiction
GRAND FORKS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Stories
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Midtown Ventures LLC
Entity
Free & Clear · 1 yrs held
Mailing address
25 WOODGREEN PL, MADISON, MS 39110-9531
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Midtown Ventures LLC
—
Deed
related
$2,688,000 · Bank Forward
Dec 18, 2024
$3,360,000
Midtown Ventures LLC
Hood Packaging Corp
Warranty Deed
—
Jun 15, 2006
—
Hood Packaging Corp
Grand Forks Growth Fund
Warranty Deed
—
Apr 22, 2005
—
Grand Forks Growth Fund
City Of Grand Forks
Quit Claim Deed
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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