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    52 Broadway Fargo, ND 58102
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    Property profile & analytics

    52 Broadway, Fargo, ND 58102

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    • Commercial real estate
    • 7,500 SF
    Off-Market
    Property ID
    US56-0030830
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Phargo Food / Restaurant / Take-out & Catering
    • Fort Noks Bar of Gold / Bar & Pub

    Property Details for 52 Broadway

    Property type
    Commercial real estate

    Description

    This exceptional executive office space, located at 52 Broadway N in Fargo, North Dakota, offers a unique opportunity for businesses seeking a prime location in the heart of the city. The property, situated in Cass County, boasts a total of 7,500 square feet, with 5,000 square feet currently available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 2,500 square feet to a maximum contiguous space of 5,000 square feet. Located on the second and third floors, these offices provide extraordinary views of downtown Fargo, overlooking Fort Noks bar. The spaces are offered turnkey, meaning they are ready for immediate occupancy. Existing furnishings can remain in place at no additional cost to the tenant, making the transition seamless. The property is ideal for businesses seeking a prestigious address and a move-in ready environment. A three-year minimum lease term is required. The zip code for this property is 58102. This is a rare opportunity to secure high-quality office space in a vibrant and desirable location. Don't miss out on this chance to establish your business in the heart of downtown Fargo.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.7880608
    Latitude
    46.8760586

    Comparable in this City

    • $6 SF/Yr
      120,000 SF

      Dakota Center: Fargo Office Suites

      Downtown Fargo Class A Office Space
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      North Fargo Retail/Office Space

      Office or retail space with built-in client base.
      3105 Broadway N, Fargo, ND 58102
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      Historic Building in Downtown Fargo

      Revitalized historic property available for sale or lease.
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      Downtown Fargo Mixed-Use Building

      New mixed-use building with retail and office space for rent.
      621 1St Ave N, Fargo, ND 58102
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      Prime Fargo Retail/Office Space

      Excellent downtown Fargo location with high foot traffic and unique features.
      222 Broadway N, Fargo, ND 58102
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      1,647 SF

      Fargo Office Space For Rent

      Office space available for lease in Fargo, North Dakota.
      112 N University Dr, Fargo, ND 58102
      View Details

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      Downtown Fargo Retail & Office

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      44,963 SF

      Fargo Office Building For Sale

      Office building in vibrant Fargo location, close to downtown.
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    Similar Nearby for Lease

    • $6 SF/Yr
      120,000 SF

      Dakota Center: Fargo Office Suites

      Downtown Fargo Class A Office Space
      51 Broadway Dr, Fargo, ND 58102
      View Details
    • Contact for pricing

      North Fargo Retail/Office Space

      Office or retail space with built-in client base.
      3105 Broadway N, Fargo, ND 58102
      View Details
    • Contact for pricing

      Historic Building in Downtown Fargo

      Revitalized historic property available for sale or lease.
      64 4Th St N, Fargo, ND 58102
      View Details
    • Contact for pricing

      Downtown Fargo Mixed-Use Building

      New mixed-use building with retail and office space for rent.
      621 1St Ave N, Fargo, ND 58102
      View Details
    • Contact for pricing

      Prime Fargo Retail/Office Space

      Excellent downtown Fargo location with high foot traffic and unique features.
      222 Broadway N, Fargo, ND 58102
      View Details
    • Contact for pricing
      1,647 SF

      Fargo Office Space For Rent

      Office space available for lease in Fargo, North Dakota.
      112 N University Dr, Fargo, ND 58102
      View Details
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    Fargo, ND 58102
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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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