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    Property profile & analytics

    630 10Th St Moorhead, MN 56560

    • Commercial real estate
    For Sale
    View listing
    $235,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0783626
    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 630 10Th St

    Year built
    1965
    Property type
    Commercial real estate

    Description

    This exceptional value-add investment opportunity presents a six-unit apartment building located at 630 10th St N in Moorhead, Minnesota, 56560. Built in 1965, this two-story building offers a compelling mix of units, including a spacious four-bedroom, two-bathroom unit with a garage, and five one-bedroom units. The property boasts a strong current cash flow, with a consistently high occupancy rate. The asking price is $235,000, representing an attractive 8.09% capitalization rate based on a net operating income (NOI) of $19,000. Its prime location near schools, shopping, and the vibrant downtown areas of both Moorhead and Fargo makes it highly desirable for tenants. This property presents a significant opportunity for an investor seeking a strong return on investment with potential for further value enhancement. The building consists of one structure with a total of six units. This is a multifamily investment property classified as a value-add opportunity. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged to explore this promising investment prospect further.

    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
    Moorhead
    County
    Clay
    State
    Minnesota
    Longitude
    -96.763989
    Latitude
    46.882496

    Comparable in this City

    • $235,000
      3,970 SF

      Moorhead 6-Plex Investment Opportunity

      High-Yield Apartment Building, Prime Location
      630 10Th St, Moorhead, MN 56560
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    • $3,208,000
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      Moorhead MN Multi-Use Property

      42,625 SF Office, Vacant, Development Land
      2810 2Nd Ave, Moorhead, MN 56560
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    • $2,047,493
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      Moorhead Development Land Opportunity

      13 Acres, Multi-Use Potential, Hwy 52 Access
      3600 40Th St, Moorhead, MN 56560
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    • $952,155

      Prairie Parkway Moorhead Land

      Residential Land: Prime Moorhead Location
      2635 38Th Ave, Moorhead, MN 56560
      View Details
    • $443,000

      Moorhead MN Development Land

      3.39-Acre Residential Lot, Seller Financing
      2800 Us-10, Moorhead, MN 56560
      View Details
    • $1,568,160

      Moorhead MN Development Opportunity

      Six-acre parcel suitable for multifamily or townhome development.
      2500 34Th St S, Moorhead, MN 56560
      View Details

    Similar Nearby for Sale

    • $235,000
      3,970 SF

      Moorhead 6-Plex Investment Opportunity

      High-Yield Apartment Building, Prime Location
      630 10Th St, Moorhead, MN 56560
      View Details
    • $3,208,000
      3,316 SF

      Moorhead MN Multi-Use Property

      42,625 SF Office, Vacant, Development Land
      2810 2Nd Ave, Moorhead, MN 56560
      View Details
    • $2,047,493
      13.43 Acres

      Moorhead Development Land Opportunity

      13 Acres, Multi-Use Potential, Hwy 52 Access
      3600 40Th St, Moorhead, MN 56560
      View Details
    • $443,000

      Moorhead MN Development Land

      3.39-Acre Residential Lot, Seller Financing
      2800 Us-10, Moorhead, MN 56560
      View Details
    • $952,155

      Prairie Parkway Moorhead Land

      Residential Land: Prime Moorhead Location
      2635 38Th Ave, Moorhead, MN 56560
      View Details
    • $1,568,160

      Moorhead MN Development Opportunity

      Six-acre parcel suitable for multifamily or townhome development.
      2500 34Th St S, Moorhead, MN 56560
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
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      Shop Condo Unit F: Clay County

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    • $18 SF/Yr
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      Southmoor Square Retail Space

      Moorhead retail center: prime location.
      800 30Th Ave, Moorhead, MN 56560
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    • $19 SF/Yr
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      801 Main Ave: Moorhead Office Space

      Prime Moorhead Office Suites, Multiple Sizes Available
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    • $18 SF/Yr
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      Azool Retail Center: Moorhead, MN

      Retail Space Available: Moorhead, MN
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    • $18 SF/Yr
      1,300 SF

      Retail Space with Large Windows

      Retail space featuring large windows and national neighboring tenants.
      1530 1St Ave North, Moorhead, MN 56560
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    • $20 SF/Yr
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      Easten Shopping Center: Moorhead, MN

      Medical Office Space Available: High-traffic location.
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      View Details
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    630 10Th St
    Moorhead, MN 56560
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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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