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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Office buildings
5522 36th S St Fargo, ND 58104-6784
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US56-0030936
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
5,960 SF
APN
73-0100-00270-000
UPID
US56-0030936
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
Current use
Occupant on record · Public records
-
DCH Property Management Property Management Company
-
Dabbert Custom Homes Construction Company General Contractor
-
Contemporary Concrete Construction Construction Company General Contractor
-
Pebble Creek Homes Construction Company General Contractor
-
Shadow Creek Developers Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$836k
Blend (final)
Blend
$305k
Owner & transaction history
Dabbert Custom Homes LLC · 7 yrs held
Dabbert Custom Homes LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$685,000
+19.8%
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 Fargo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fargo 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$575,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: +20% · Conversion: Easy
WAREHOUSE, STORAGE
$555,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$500,000
Change: -12% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$485,000
Change: -15% · Conversion: Easy
RESTAURANT
$470,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$305k
Range $275k – $336k · ±10%
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
$51 / 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
$6,147
Tax year 2023
Assessed value
$267,000
Assessed 2023
Previous assessed
$219,000
+21.9% YoY
Effective rate
2.30%
On assessed value
Assessed land
$104,550
Assessed improvement
$162,450
Land market value
$209,100
Improvement market value
$324,900
Total market value
$534,000
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
3
Total area
5,960 SF
APN
73-0100-00270-000
UPID
US56-0030936
Jurisdiction
CASS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$685,000
WAREHOUSE, STORAGE
Est. value
$555,000
RETAIL STORES
Est. value
$500,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$485,000
RESTAURANT
Est. value
$470,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Buildings
3
Current owner
From public records · entity-resolved
Dabbert Custom Homes LLC
Entity
Mailing address
5522 36TH ST S, FARGO, ND 58104-6784
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2019
—
Dabbert Custom Homes LLC
—
Deed
related
—
Oct 4, 2018
$49,900
Dabbert Custom Homes LLC
Winnie Dev II INC
Warranty Deed
$183,325 · Ramsey Nat'l Bk
Jan 31, 2017
—
Dabbert Custom Homes LLC
—
Deed
related
$120,000 · First Cmnty FCU
Jun 30, 2016
—
Dabbert Custom Homes LLC
—
Trustees Deed
related
$112,500 · Ramsey Nat'l Bk
Apr 22, 2016
—
Dabbert Custom Homes LLC
—
Trustees Deed
related
$23,550 · Ramsey Nat'l Bk
Aug 1, 2014
—
Dabbert Custom Homes LLC
D & D Investments LLC
Warranty Deed
$165,639 · D&d Inv
—
—
Dabbert Custom Homes LLC
—
Loan Modification
related
—
—
—
D & D Investments LLC
—
Deed Of Trust
related
$986,000 · State Bank & Trust
—
—
Dabbert Custom Homes LLC
—
Deed Of Trust
related
$120,000 · First Cmnty FCU
—
—
Dabbert Custom Homes LLC
—
Deed Of Trust
related
$120,000 · First Cmnty FCU
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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