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

    621 1St Ave Fargo, ND 58102

    • Office space
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0745726
    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

    • Office space

    Property Details for 621 1St Ave

    Property type
    Office space

    Description

    Kesler offers exceptional office space in the heart of downtown Fargo, steps from Broadway Square. This vibrant mixed-use building boasts a Walk Score of 96 and Bike Score of 94, making it incredibly convenient for employees and clients. The available office space is categorized as both traditional and creative office space, offering flexibility for various business needs. Three individual suites are currently available, ranging in size from 1,011 square feet to 1,306 square feet. The building itself features a total of 2,484 contiguous square feet of first-floor retail space, creating a dynamic and bustling environment. This prime location ensures high visibility and accessibility, with easy access to amenities and public transportation. The building's modern design and convenient location make it an ideal choice for businesses seeking a thriving and walkable urban setting. The building is part of a larger mixed-use development, including 109 apartments, contributing to a lively and active atmosphere. These office suites provide a unique opportunity to establish a presence in one of Fargo's most desirable and sought-after locations. Inquire today to learn more about these exceptional office spaces and secure your ideal workspace.

    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
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.789072473516
    Latitude
    46.876969546654

    Comparable in this City

    • $23 SF/Yr
      3,798 SF

      Downtown Fargo Retail Space

      3,798 sq ft Retail/Office Space Available
      223 Roberts St, Fargo, ND 58102
      View Details
    • $18 SF/Yr

      Downtown Fargo Office Suite

      600 sq ft, $900/month, all utilities included
      68 Broadway, Fargo, ND 58102
      View Details
    • $16 SF/Yr
      1,900 SF

      Downtown Fargo Retail/Office Space

      Ground floor retail or office space in downtown Fargo.
      23 Broadway N, Fargo, ND 58102
      View Details
    • $10 SF/Yr
      20,210 SF

      Downtown Fargo Office Space For Sale/Lease

      Historic building, flexible spaces, ample parking.
      64 4Th St, Fargo, ND 58102
      View Details
    • $16 SF/Yr
      15,815 SF

      Downtown Fargo Creative Office Space

      High-traffic retail/office, flexible layout.
      222 Broadway, Fargo, ND 58102
      View Details
    • $10 SF/Yr
      7,127 SF

      Downtown Fargo Office Space

      Historic building, flexible spaces available
      122 Broadway, Fargo, ND 58102
      View Details

    Similar Nearby for Sale

    • $3,400,000
      4,967 SF

      Historic Building in Downtown Fargo

      Revitalized mixed-use property with office and retail space.
      64 4Th St N, Fargo, ND 58102
      View Details
    • $2,250,000
      25,000 SF

      Historic Fargo Mixed-Use Building

      Downtown Fargo: 25,000 SF, 4 Units
      315 5Th St, Fargo, ND 58102
      View Details
    • $17,000,000
      69,727 SF

      Historic Black Building in Fargo

      Historic building in downtown Fargo with skyway access.
      114-118 Broadway N, Fargo, ND 58102
      View Details
    • $29,950,000
      194,637 SF

      Fargo Industrial Flex Building

      Class A, 195,000 SF, prime location
      4171 24Th Ave, Fargo, ND 58102
      View Details
    • $1,850,000
      28,450 SF

      Downtown Fargo Retail and Office

      Retail and office space in the heart of downtown Fargo.
      109 Broadway N, Fargo, ND 58102
      View Details
    • $880,000
      5,040 SF

      Horizon Acres Shop Condo - Fargo, ND

      Versatile Shop Condo w/ Large Yard
      1810 Sheyenne Lp, Fargo, ND 58102
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Downtown Fargo Office Suite

      600 sq ft, $900/month, all utilities included
      68 Broadway, Fargo, ND 58102
      View Details
    • $23 SF/Yr
      3,798 SF

      Downtown Fargo Retail Space

      3,798 sq ft Retail/Office Space Available
      223 Roberts St, Fargo, ND 58102
      View Details
    • $16 SF/Yr
      1,900 SF

      Downtown Fargo Retail/Office Space

      Ground floor retail or office space in downtown Fargo.
      23 Broadway N, Fargo, ND 58102
      View Details
    • $10 SF/Yr
      7,127 SF

      Downtown Fargo Office Space

      Historic building, flexible spaces available
      122 Broadway, Fargo, ND 58102
      View Details
    • $25 SF/Yr
      5,200 SF

      The Landing: Downtown Retail Space

      Prime Downtown Retail Opportunity: 5,200 sq ft available.
      1001 Northern Pacific Ave, Fargo, ND 58102
      View Details
    • $18 SF/Yr
      3,340 SF

      Downtown Fargo Retail/Office Space

      Renovated retail or office space in downtown Fargo.
      214 Broadway N, Fargo, ND 58102
      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.
    621 1St Ave
    Fargo, ND 58102
    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.