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

    6120 53rd S Ave Fargo, ND 58104-5616

    • Warehouses
    • 6,000 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2020
    $650,000
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    6.9%
    Warehouses
    Location Intelligence
    Property ID
    US56-0016091
    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

    • Life 97.9 KFNW / Radio Broadcaster
    • Fargo Appliance Repair / Small Appliance Repair Service / Appliance Repair Service
    • Qualified Appliance Repair / Small Appliance Repair Service / Appliance Repair Service
    • H2 Design Build / General Contractor

    Property Details for 6120 53rd S Ave

    Year built
    1998
    Lot size
    0.95 lot acres
    Property size
    6,000 SF
    Zone code
    GC
    Property type
    Warehouses
    APN
    01-8419-00060-000
    APU
    1841900060000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $880,000
      6.5%
      $815,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $614,000
      Market price range: $245k - $964k
      AI Estimate
      $560,000
      Market price range: $304k - $818k

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8896
    Latitude
    46.8022
    CBSA code
    22020
    CBSA name
    FARGO, ND-MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,836
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      5508 53Rd Ave

      Distribution properties • 5,000 SF
      5508 53Rd Ave, Fargo, ND 58104
      View Details
    • Value Estimation by Request
      2,800 SF

      4058 98 Ave

      Distribution properties • 2,800 SF
      4058 98 Ave, Fargo, ND 58104
      View Details
    • Value Estimation by Request
      1,500 SF

      6100 36Th St

      Self storage facilities • 1,500 SF
      6100 36Th St, Fargo, ND 58104
      View Details
    • Value Estimation by Request
      2,400 SF

      2955 Thunder Rd

      Life science properties • 2,400 SF
      2955 Thunder Rd, Fargo, ND 58104
      View Details
    • Value Estimation by Request
      3,000 SF

      6130 36Th St

      Self storage facilities • 3,000 SF
      6130 36Th St, Fargo, ND 58104
      View Details
    • Value Estimation by Request
      91,750 SF

      3931 37Th Ave

      Distribution properties • 91,750 SF
      3931 37Th Ave, Fargo, ND 58104
      View Details

    Similar Nearby for Sale

    • $235,000
      1,500 SF

      Fargo Shop Condo: Prime Location

      1500 sq ft Warehouse/Sports Condo
      6100 36Th St, Fargo, ND 58104
      View Details
    • $1,625,000
      5,000 SF

      Fargo Warehouse: 5,000 SF Industrial

      Prime Fargo warehouse, 1.25 acres, $1.625M
      5508 53Rd Ave, 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
    • Contact for pricing
      960 SF

      Luxury Garage Condos in Fargo

      High-end garages, customizable spaces.
      3800 98 Ave, Fargo, ND 58104
      View Details
    • $1,083,000

      Self-Storage Near Interstate and Airport

      Existing self-storage building with great access to interstate.
      3910 25Th St N, Fargo, ND 58104
      View Details
    • $985,000
      4.11 Acres

      Fargo Commercial Land - 4.11 Acres

      Prime Fargo location, industrial & commercial zoning.
      3900 98 Ave, Fargo, ND 58104
      View Details

    Similar Nearby for Lease

    • $6,950,000
      75,898 SF

      Fargo Industrial Space For Lease

      Flexible industrial space in Fargo's premier industrial corridor.
      3931 37Th Ave S, Fargo, ND 58104
      View Details
    • $9 SF/Yr
      9,104 SF

      Fargo Warehouse Space Available

      New Warehouse, 1,872 SF, South Fargo
      3483 39Th St, Fargo, ND 58104
      View Details
    • $12 SF/Yr
      1,337 SF

      Office and Warehouse Space Available

      Office and warehouse spaces for rent in South Fargo.
      4151 38Th St S, Fargo, ND 58104
      View Details
    • $7 SF/Yr
      199,600 SF

      Industrial Space Available For Lease

      Flexible industrial building and land options for lease in Fargo.
      3720 44Th Ave N, Fargo, ND 58104
      View Details
    • $24 SF/Yr
      29,716 SF

      Fargo Executive Office Space For Lease

      Class A Office, 6,504 - 13,941 SF Available
      5651 38Th Ave, Fargo, ND 58104
      View Details
    • $84 SF/Yr
      15,002 SF

      Brandt Office Park: Fargo, ND

      Executive Suites, Coworking Spaces Available
      3523 45Th St, Fargo, ND 58104
      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.
    6120 53rd S Ave
    Fargo, ND 58104-5616
    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.