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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Residential income homes
629 21st S St Fargo, ND 58103-2487
Entity Owned
14-yr Hold
Absentee Owner
Property ID
US56-0027759
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1974
Total area
3,696 SF
Lot
0.36 ac (15,606 SF)
Zoning code
MR-2
APN
01-1270-02861-000
UPID
US56-0027759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Cw Investments LLC · 14 yrs held
Cw Investments LLC
since 2012
5 recorded transactions
Zoning & alternative use
MR-2 · Fargo, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MR-2, Multi-Dwelling district is primarily intended to accommodate household living in detached houses, attached houses, duplexes and multi-dwelling structures. The district allows up to 20 dwelling units per acre of land. Development within the district will be characterized by one- to three-story buildings with slightly higher building coverage than in…
Zone name
Multi Dwelling
General category
RESIDENTIAL
Zone area
356.85 ac
Source
Realmo
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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$76 / 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
$4,611
Tax year 2023
Assessed value
$144,550
Assessed 2023
Previous assessed
$144,550
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$24,500
Assessed improvement
$120,050
Land market value
$49,000
Improvement market value
$240,100
Total market value
$289,100
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1974
Heating
NONE
Units
4
Total area
3,696 SF
Lot
0.36 ac (15,606 SF)
Zoning code
MR-2
APN
01-1270-02861-000
UPID
US56-0027759
Jurisdiction
CASS
Zoning & alternative use
MR-2 · Fargo, NDZoning MR-2 · permitted uses
MR-2 · Fargo, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MR-2, Multi-Dwelling district is primarily intended to accommodate household living in detached houses, attached houses, duplexes and multi-dwelling structures. The district allows up to 20 dwelling units per acre of land. Development within the district will be characterized by one- to three-story buildings with slightly higher building coverage than in the MR-1 district. The district is generally appropriate for sites with access to collector and higher classification streets.
Zone name
Multi Dwelling
General category
RESIDENTIAL
Zone area
356.85 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Units
4
Lot
0.36 ac
Current owner
From public records · entity-resolved
Cw Investments LLC
Entity
Mailing address
4201 38TH ST S STE #205, FARGO, ND 58104-7535
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2012
—
Cw Investments LLC
Olson,matthew R & Kami
Warranty Deed
$350,000 · Blackridgebank
Feb 27, 2009
—
Matthew R Olson
Hovde,robert D
Warranty Deed
$330,000 · State Bank & Trust
—
—
Cw Inv
—
Deed Of Trust
related
$150,000 · Bell Bk
—
—
Cw Investments LLC
—
Deed Of Trust
related
$148,000 · Cornerstone Bank
—
—
Cw Investments LLC
—
Loan Modification
related
$3,100,000 · Bell Bk
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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