Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5454 51St Ave Fargo, ND 58104

    • Commercial real estate
    • 2,400 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0105800
    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

    • Restore Chiropractic / Chiropractor

    Property Details for 5454 51St Ave

    Year built
    2020
    Lot size
    0.22 lot acres
    Property size
    2,400 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,400-square-foot office space, located at 5454 51st Ave S in Fargo, North Dakota, presents a unique opportunity for businesses seeking a versatile and well-situated location. Built in 2020, this single-story building sits on a 0.217-acre lot and is zoned for commercial use. The property features 1,400 square feet of finished space and 1,000 square feet of unfinished space, offering flexibility for customization to meet specific business needs. Previously occupied by a chiropractic clinic, the existing layout includes multiple offices, a reception area, a break room, and bathrooms. The building's convenient location provides easy access to major thoroughfares including 52nd Ave S, Veterans Boulevard, and 45th St S, ensuring excellent visibility and accessibility for clients and employees. The property's APN is 01-8443-00130-060. The base rent is $24.00 per square foot, with an estimated CAM expense of $5.50 per square foot. This represents a compelling opportunity to establish a thriving business in a prime Fargo location. The property is available for immediate occupancy.

    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
    -96.8784869
    Latitude
    46.8052625

    Comparable in this City

    • $24 SF/Yr
      29,716 SF

      Fargo Executive Office Space For Lease

      Class A Office, 6,504 - 13,941 SF Available
      5651 38Th Ave, Fargo, ND 58104
      View Details
    • $84 SF/Yr
      15,002 SF

      Brandt Office Park: Fargo, ND

      Executive Suites, Coworking Spaces Available
      3523 45Th St, Fargo, ND 58104
      View Details
    • $25 SF/Yr
      24,655 SF

      Fargo Office Space: Now Leasing

      Modern Class A Office Suites Available
      5650 34Th Ave, Fargo, ND 58104
      View Details
    • $1,200 /Mo
      80 SF

      Fargo Office Space For Rent

      Office space with natural light suitable for wellness professionals.
      5153 44Th St S, Fargo, ND 58104
      View Details
    • $22 SF/Yr
      15,377 SF

      EAST 32: Prime Cass County Office Space

      Modern Office Suites, 7 Available, High Traffic
      4266 32Nd Ave, Fargo, ND 58104
      View Details
    • $22 SF/Yr
      109,906 SF

      Fargo Executive Office Suites

      Prime Fargo Office Space Available
      4474 24Th Ave, Fargo, ND 58104
      View Details

    Similar Nearby for Sale

    • $3,317,592
      138,233 SF

      Fargo Commercial Lot - Development Site

      Prime Fargo location, 138,233 SF, build-to-suit options.
      5500 32Nd Ave, Fargo, ND 58104
      View Details
    • $965,880
      53,660 SF

      Brandt Crossing Commercial Land

      Prime Fargo commercial lot, 53,660 sq ft.
      3230 51St St, Fargo, ND 58104
      View Details
    • Contact for pricing
      61,748 SF

      South Fargo Commercial Land

      Prime development site, flexible parcels.
      4609 32Nd Ave, Fargo, ND 58104
      View Details
    • $1,566,144
      65,256 SF

      Brandt Crossing Commercial Land

      Fargo, ND development site; prime location.
      3210 51St St, Fargo, ND 58104
      View Details
    • $1,426,586
      2.34 Acres

      Crossroads Commercial Land - Lot 1

      Fargo, ND executive office land
      4155 23Rd Ave, Fargo, ND 58104
      View Details
    • $2,753,776
      3.95 Acres

      Fargo Executive Office Land

      Prime Fargo commercial land, high traffic.
      4155 23Rd Ave, Fargo, ND 58104
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      29,716 SF

      Fargo Executive Office Space For Lease

      Class A Office, 6,504 - 13,941 SF Available
      5651 38Th Ave, Fargo, ND 58104
      View Details
    • $84 SF/Yr
      15,002 SF

      Brandt Office Park: Fargo, ND

      Executive Suites, Coworking Spaces Available
      3523 45Th St, Fargo, ND 58104
      View Details
    • $25 SF/Yr
      24,655 SF

      Fargo Office Space: Now Leasing

      Modern Class A Office Suites Available
      5650 34Th Ave, Fargo, ND 58104
      View Details
    • $1,200 /Mo
      80 SF

      Fargo Office Space For Rent

      Office space with natural light suitable for wellness professionals.
      5153 44Th St S, Fargo, ND 58104
      View Details
    • $22 SF/Yr
      15,377 SF

      EAST 32: Prime Cass County Office Space

      Modern Office Suites, 7 Available, High Traffic
      4266 32Nd Ave, Fargo, ND 58104
      View Details
    • $22 SF/Yr
      109,906 SF

      Fargo Executive Office Suites

      Prime Fargo Office Space Available
      4474 24Th Ave, Fargo, ND 58104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5454 51St Ave
    Fargo, ND 58104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.