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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Warehouses
6120 53rd S Ave, Fargo, ND 58104-5616
Individually Owned
5-yr Hold
Free & Clear
Property ID
US56-0016091
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
6,000 SF
Lot
0.95 ac (41,288 SF)
Zoning code
GC
APN
01-8419-00060-000
UPID
US56-0016091
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
-
Life 97.9 KFNW Radio Station Telecommunications Service
-
Fargo Appliance Repair Home Appliance Store
-
Qualified Appliance Repair Home Appliance Store
-
H2 Design Build Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$614k
Blend (final)
Blend
$675k
Owner & transaction history
University Of Northwestern-st Pau · 5 yrs held
University Of Northwestern-st Pau
since 2020
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
GC · Fargo, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$780,000
+27.1%
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
$765,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$615,000
Current use
COMMERCIAL (GENERAL)
$780,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$565,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $650k (Oct 1 2020)
Last sale anchor
$650k
Oct 1 2020
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
$113 / 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
$5,836
Tax year 2023
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Total area
6,000 SF
Lot
0.95 ac (41,288 SF)
Zoning code
GC
APN
01-8419-00060-000
UPID
US56-0016091
Jurisdiction
CASS
Zoning & alternative use
GC · Fargo, ND
Zoning GC · permitted uses
GC · Fargo, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fargo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$565,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
NONE
Lot
0.95 ac
Current owner
From public records · entity-resolved
University Of Northwestern-st Pau
Individual
Free & Clear · 5 yrs held
Mailing address
3003 SNELLING AVE N, SAINT PAUL, MN 55113-1501
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
$650,000
University Of Northwestern-st Pau
Magnum Properties LLC
Warranty Deed
—
Sep 17, 2020
$575,000
Magnum Properties LLC
Thj Developments LLC
Correction Deed
—
Apr 23, 2019
$575,000
Magnum Properties LLC
Thj Development LLC
Warranty Deed
$431,250 · First International Bank & Trust
Apr 18, 2019
—
Thj Development LLC
Tjtb LLC
Quit Claim Deed
related
$430,082 · First International Bank & Trust
May 18, 2018
$550,000
Tjtb LLC
Thj Developments LLC
Warranty Deed
$440,000 · First International Bank & Trust
Feb 20, 2015
$434,000
Thj Developments LLC
Center Street Holdings LLC
Warranty Deed
$173,600 · First International Bank & Trust
—
—
Thj Devs LLC
—
Deed Of Trust
related
$181,000 · Lake Agassiz Certified Dev Co
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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