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    5508 53Rd Ave S Fargo, ND 58104
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    5508 53Rd Ave S Fargo, ND 58104

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    • Warehouses
    • 5,000 SF
    For Sale
    $1,625,000
    View Listing →
    Free Standing Steel Building For Sale
    $1,625,000
    5,000 SF

    Free Standing Steel Building

    New 5,000 sqft steel building on 1.25 acres.

    5508 53rd Ave S, Fargo, ND 58104
    View Listing
    Property ID
    US56-0046458
    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

    • Warehouses

    Property Details for 5508 53Rd Ave S

    Property size
    5,000 SF
    Property type
    Warehouses
    Property subtype
    Commercial real estate

    Description

    Newly built free standing steel building located just off 52nd Avenue South and Veterans Boulevard. Sits on a very rare 1.25 acres of land with plenty of outdoor storage area and room to add on to the building or construct an additional building. Lot is nearly entirely paved with concrete for the entire property. Don't miss this limited opportunity!

    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
    -96.8777261
    Latitude
    46.8018433

    Comparable in this City

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    • $985,000
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      Prime Fargo location, industrial & commercial zoning.
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    • $144,900
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      High-End Garage Condominiums

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      Garage Condominiums Under Construction

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    Similar Nearby for Sale

    • $6,950,000
      91,750 SF

      Fargo Industrial Space For Lease

      Flexible industrial space in Fargo's premier industrial corridor.
      3931 37Th Ave S, Fargo, ND 58104
      View Details
    • $419,000
      2,400 SF

      Thunder Road Industrial Condos

      Fargo, ND Flex Space - Own Your Shop!
      2955 Thunder Rd, Fargo, ND 58104
      View Details
    • $186,900
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      Garage Condominiums Under Construction

      High-end garage condominiums customizable for hobbies and passions.
      3800 98 Ave S, Fargo, ND 58104
      View Details
    • $153,900
      1,024 SF

      Garage Condominium Under Construction

      High-end garage condominium customizable for hobbies and passions.
      3800 98 Ave S Unit H - INN>, Fargo, ND 58104
      View Details
    • $679,900
      4,800 SF

      Garage Condominiums Under Construction

      High-end garage condominiums customizable for hobbies and passions.
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      View Details
    • Contact for pricing

      High-End Garage Condominiums

      Customizable garage condominiums for hobbies and passions.
      3800 98 Ave S, Fargo, ND 58104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,337 SF

      Office and Warehouse Space Available

      Office and warehouse spaces for rent in South Fargo.
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      Brandt Office Park

      Discover many ways to work your way in Brandt Office Park
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      Retail Space Near Mezzo Apartments

      Retail space adjacent to apartments and established businesses.
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      3,150 SF

      Remodeled Office Space For Lease

      Well-maintained, recently remodeled office space in a desirable location.
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    • Contact for pricing
      1,143 SF

      Well-Maintained Office Space Available

      Office space for rent with natural light and parking.
      4650 38Th Ave S, Fargo, ND 58104
      View Details
    • $12 SF/Yr
      5,025 SF

      Fargo Office Space For Rent

      Office space available near various businesses and healthcare facilities.
      2632 47Th St S, Fargo, ND 58104
      View Details
    View Listing
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    Fargo, ND 58104
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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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