Financial
Distress signals
Property profile

701 Demers Ave Grand Forks, ND 58201

OFF-MARKET
Commercial real estate
Property ID
US56-0728132
6,085 SF 0.77 ac lot Built 1995
Last sale Apr 2021
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

701 Demers Avenue presents a unique opportunity to lease exceptional office space in the heart of Grand Forks, North Dakota. This single-tenant property, built in 1995, offers a versatile layout suitable for a variety of businesses, including traditional office, coworking, executive office, medical office, or creative office uses. Its location in a high-traffic area of downtown Grand Forks ensures excellent visibility and accessibility for clients and employees. The building boasts a modern

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$424k
Assessed land$168k
Assessed improvement$256k
Effective rate3.56%

Value estimate

· Sep 2026
$365k
$329k – $402k
AI approach$365k
CAP approach$595k
Sales comparison$508k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$93/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$67 – $131

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRAND FORKS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.5
Wholesale Shop17.7
Nail Salon17.5

Location

701 Demers Ave Grand Forks, ND 58201-4506
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2207 12th, Grand Forks, ND 58201-6984 $1,300,000 Jul 2024 3,360 SF
1323 11th S, Grand Forks, ND 58201 $275,000 Feb 2023 2,452 SF
622 15th, Grand Forks, ND 58201-4228 $270,000 Feb 2023 9,600 SF
1700 Washington, Grand Forks, ND 58201-6336 $850,000 Jan 2023 8,110 SF
1202 10th S, Grand Forks, ND 58201-4314 $205,000 Dec 2022 2,548 SF
2830 Columbia, Grand Forks, ND 58201-6008 $1,250,000 Nov 2022 9,024 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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