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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    610 40Th Ave West Fargo, ND 58078

    • Commercial real estate
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0749361
    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

    • Commercial real estate

    Property Details for 610 40Th Ave

    Lot size
    1.15 lot acres
    Property type
    Commercial real estate
    APN
    02523400030000

    Description

    This exceptional 1.15-acre commercial lot in West Fargo, North Dakota, presents a unique build-to-suit opportunity. Located at 610 40th Ave E, this property (APN 02523400030000) is situated within a Planned Unit Development (PUD) and boasts a significant advantage: a pre-installed parking lot is already in place and ready for immediate use. The site has received prior approval for the construction of a building up to 20,000 square feet, eliminating the need for additional parking development, saving both time and expense. This significantly reduces the complexities and costs associated with new construction projects. The asking price for this strategically located and well-prepared lot is $789,000. This prime West Fargo location offers excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a ready-to-develop commercial property in a thriving North Dakota market. The property is zoned for commercial use and is conveniently located in Cass County, with a zip code of 58078.

    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
    West Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.888080482262
    Latitude
    46.818722015805

    Comparable in this City

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    • $9,190,000
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      West Fargo Development Land Opportunity

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      West Fargo Industrial Land - $737,898

      Prime 2.42-acre lot, ready for development.
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    • $13,124,879
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      West Fargo Industrial Land for Sale

      Prime I-94 Industrial Lots, West Fargo, ND
      2651 4Th Ave, West Fargo, ND 58078
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    • $1,996,000
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      West Fargo Development Land

      40 Acres, Prime Location, High Potential
      0 County Road 17, West Fargo, ND 58078
      View Details

    Similar Nearby for Sale

    • $12,919,500
      59.90 Acres

      West Fargo Industrial Super-Site

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      665 12Th Ave, West Fargo, ND 58078
      View Details
    • $9,190,000
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      West Fargo Commercial Land

      I-94 frontage, prime development opportunity.
      450 23Rd Ave, West Fargo, ND 58078
      View Details
    • $2,292,804
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      West Fargo Development Land Opportunity

      Prime 4.39-acre lot near I-94 & Costco
      501 23Rd Ave, West Fargo, ND 58078
      View Details
    • $737,898
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      West Fargo Industrial Land - $737,898

      Prime 2.42-acre lot, ready for development.
      615 5Th Street Ct, West Fargo, ND 58078
      View Details
    • $13,124,879
      0.51 Acres

      West Fargo Industrial Land for Sale

      Prime I-94 Industrial Lots, West Fargo, ND
      2651 4Th Ave, West Fargo, ND 58078
      View Details
    • $1,996,000
      40.00 Acres

      West Fargo Development Land

      40 Acres, Prime Location, High Potential
      0 County Road 17, West Fargo, ND 58078
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

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    • $20 SF/Yr
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      Modern office space in thriving West Fargo.
      1405 Prairie Pkwy, West Fargo, ND 58078
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    • Contact for pricing
      8,000 SF

      Retail Space Near Costco

      Turn-key retail space anchored by Costco with high traffic.
      815 23Rd Ave E, West Fargo, ND 58078
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    • $22 SF/Yr
      22,036 SF

      West Fargo Medical Office Space

      Prime medical office, 11,597 sq ft, new building
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    610 40Th Ave
    West Fargo, ND 58078
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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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