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    Property profile & analytics

    732 40Th St Fargo, ND 58102

    • Commercial real estate
    • 7,500 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0043423
    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

    • Exide Technologies / Battery Wholesaler
    • Continental Battery Systems of Fargo / Car Battery Store / Auto Parts Store
    • Dunbar Armored Inc / Car Service

    Property Details for 732 40Th St

    Property size
    7,500 SF
    Property type
    Commercial real estate

    Description

    This exceptional 7,500 square foot industrial shop space in Cass County, North Fargo offers a fantastic opportunity for businesses seeking flexible and functional space. Currently, 6,250 square feet is immediately available, divisible to a minimum of 6,250 square feet. The unit boasts impressive features designed for optimal efficiency and safety, including 14-foot overhead garage doors, a comprehensive fire suppression system, and ample outdoor parking. The interior is well-lit with energy-efficient LED light fixtures, and the high 16-foot sidewalls provide generous vertical space. Practical features such as floor drains are also included. The shop's dimensions are approximately 50 feet by 50 feet, providing a spacious and well-organized layout. Single-phase electricity is readily available. This property is ideal for a variety of industrial uses and offers a prime location in a thriving area of North Fargo. The space is perfect for businesses requiring a substantial footprint and convenient access. Contact us today to schedule a viewing and explore the possibilities.

    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
    -96.845917402717
    Latitude
    46.88587590388

    Comparable in this City

    • $7 SF/Yr
      505,700 SF

      Dakota Commerce Center: Fargo, ND

      Modern Industrial Space, Fargo, ND
      3701 40Th Ave, Fargo, ND 58102
      View Details
    • $7 SF/Yr
      10,800 SF

      7th Avenue Industrial Park - Fargo

      Executive Suites & Warehouse Space Available
      712 38Th St, Fargo, ND 58102
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    • $13 SF/Yr
      21,087 SF

      Fargo Warehouse: Historic Charm

      Downtown Fargo warehouse, multiple spaces available.
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      1,410,000 SF

      Dakota Commerce Center: Fargo, ND

      Class A Industrial Space - Flexible Options
      5050 37Th St, Fargo, ND 58102
      View Details
    • Contact for pricing
      33,400 SF

      Fargo Industrial Building For Sale

      33,400 SF Manufacturing/Flex Space
      1402 43Rd St, Fargo, ND 58102
      View Details
    • Contact for pricing
      266,200 SF

      Fargo Industrial Warehouse Space

      Modern warehouse, flexible spaces available
      3034 43Rd St, Fargo, ND 58102
      View Details

    Similar Nearby for Sale

    • $2,813,011

      Fargo Industrial Land Investment

      Prime Fargo land, I-29 access.
      0 44Th St, Fargo, ND 58102
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    • $2,899,218

      Fargo Industrial Land Investment Opportunity

      Prime Fargo land, ideal for build-to-suit.
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    • $210,000
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      North Fargo Flex Warehouse Units

      Modern Fargo industrial space, vacant, 1500 sq ft.
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    • $2,950,000
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      Fargo Warehouse: Historic Charm

      21,087 SF Warehouse, NNN Lease, Vacant
      610 University Dr, Fargo, ND 58102
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    • $1,145,000
      0.91 Acres

      Downtown Fargo Warehouse - $1.145M

      Two-building warehouse, 17,100+ SF lot.
      1415 2Nd Ave, Fargo, ND 58102
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    • $777,437
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      Fargo Industrial Land: 6 Acres

      Prime Fargo industrial land, excellent access.
      2600 42Nd St, Fargo, ND 58102
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      505,700 SF

      Dakota Commerce Center: Fargo, ND

      Modern Industrial Space, Fargo, ND
      3701 40Th Ave, Fargo, ND 58102
      View Details
    • $7 SF/Yr
      10,800 SF

      7th Avenue Industrial Park - Fargo

      Executive Suites & Warehouse Space Available
      712 38Th St, Fargo, ND 58102
      View Details
    • Contact for pricing
      1,410,000 SF

      Dakota Commerce Center: Fargo, ND

      Class A Industrial Space - Flexible Options
      5050 37Th St, Fargo, ND 58102
      View Details
    • Contact for pricing
      33,400 SF

      Fargo Industrial Building For Sale

      33,400 SF Manufacturing/Flex Space
      1402 43Rd St, Fargo, ND 58102
      View Details
    • $13 SF/Yr
      21,087 SF

      Fargo Warehouse: Historic Charm

      Downtown Fargo warehouse, multiple spaces available.
      610 University Dr, Fargo, ND 58102
      View Details
    • Contact for pricing
      266,200 SF

      Fargo Industrial Warehouse Space

      Modern warehouse, flexible spaces available
      3034 43Rd St, Fargo, ND 58102
      View Details
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    732 40Th St
    Fargo, ND 58102
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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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