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

    55 27Th St Fargo, ND 58103

    • Coworking space
    • 4,310 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0056810
    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

    • Laney's Inc. / Furnace Repair Service / Gas Installation Service

    Property Details for 55 27Th St

    Property size
    4,310 SF
    Property type
    Coworking space

    Description

    This exceptional 4,310 square foot commercial property, zoned Commercial/LI, presents a unique opportunity. Previously a food brokerage, the space boasts a fully equipped commercial kitchen, perfect for a ghost kitchen operation or a food truck business looking to expand. A walk-in freezer is included, adding significant operational value. The layout also features a dedicated demonstration/training room, ideal for cooking classes or product showcases. The main floor offers 4,310 square feet of climate-controlled space, providing ample room for various business needs. Private offices and open work areas offer flexibility for different team configurations. Adding to the property's appeal is a 960 square foot basement, providing valuable bonus storage space. The single-tenant occupancy ensures exclusive use of the entire facility. This versatile space is ready for immediate occupancy and offers a blend of modern amenities and functional design, making it an attractive investment for a variety of food-related or office-based businesses. The property's location and zoning make it suitable for a wide range of commercial uses.

    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
    -96.821296420087
    Latitude
    46.874196917674

    Comparable in this City

    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
      View Details
    • $10 SF/Yr
      5,442 SF

      Fargo Office Space: Prime Location

      Modern Fargo office space, flexible options.
      1531 32Nd Ave, Fargo, ND 58103
      View Details
    • $25 SF/Yr
      36,800 SF

      Fargo Office Space: 45th St Colonnade

      Prime Fargo Office & Retail Space
      4501 15Th Ave, Fargo, ND 58103
      View Details
    • $18 SF/Yr
      5,660 SF

      West Fargo Office Space for Lease

      Modern Office, 5660 sq ft, Cass County
      745 31St Ave, Fargo, ND 58103
      View Details
    • $18 SF/Yr
      42,072 SF

      Cityscapes Center: Prime Office Space

      Class A Office, 1800 sq ft Available
      474 45Th St, Fargo, ND 58103
      View Details
    • $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
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,644 SF

      Two-Story Office Building with Rail

      Two-story office building with cold storage, rail spur, and yard.
      115 31St St S, Fargo, ND 58103
      View Details
    • $1,125,000
      4,020 SF

      Fargo Bank Building - $1.125M

      Turnkey Fargo commercial property. High visibility location.
      1501 32Nd Ave, Fargo, ND 58103
      View Details
    • $850,000
      2,775 SF

      Downtown Fargo Retail Condo

      Historic Main Ave gem, 2775 sq ft.
      716 Main Ave, Fargo, ND 58103
      View Details
    • $3,500,000
      16,937 SF

      Parkway Office Building For Sale

      Prime Fargo Office Building, High Visibility
      1749 38Th St, Fargo, ND 58103
      View Details
    • $800,000
      2,775 SF

      Downtown Fargo Executive Office

      Historic building, 2775 sq ft office space.
      716 Main Ave, Fargo, ND 58103
      View Details
    • $560,000
      3,200 SF

      Executive Office Suite in Fargo

      Prime Fargo Office: 3,200 SF, $560,000
      827 28Th St, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • $120 SF/Yr
      3,790 SF

      Fargo Office Suites: Prime Location

      Executive, coworking & creative spaces available.
      3332 4Th Ave, Fargo, ND 58103
      View Details
    • $18 SF/Yr
      5,660 SF

      West Fargo Office Space for Lease

      Modern Office, 5660 sq ft, Cass County
      745 31St Ave, Fargo, ND 58103
      View Details
    • $10 SF/Yr
      5,442 SF

      Fargo Office Space: Prime Location

      Modern Fargo office space, flexible options.
      1531 32Nd Ave, Fargo, ND 58103
      View Details
    • $25 SF/Yr
      36,800 SF

      Fargo Office Space: 45th St Colonnade

      Prime Fargo Office & Retail Space
      4501 15Th Ave, Fargo, ND 58103
      View Details
    • $18 SF/Yr
      42,072 SF

      Cityscapes Center: Prime Office Space

      Class A Office, 1800 sq ft Available
      474 45Th St, Fargo, ND 58103
      View Details
    • $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
      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.
    55 27Th St
    Fargo, ND 58103
    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.