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

    745 45Th St Fargo, ND 58103

    • Lifestyle centers
    • 13,725 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0017978
    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

    • Sualiha Business Center Boutique & Electronics / Electronics Store / Boutique
    • CSI Security / Security System Supplier / Professional Services
    • Fargo Motor Vehicle (Vehicle Registration Only) / Department Of Motor Vehicles
    • Motor Vehicle Division Fargo Branch / Registry Office
    • Kinder Kloset / Baby Clothing Store / Children'S Clothing Store

    Property Details for 745 45Th St

    Year built
    1999
    Property size
    13,725 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers
    APN
    10-3880-01601-000

    Description

    This exceptional investment opportunity presents a stabilized, multi-tenant retail shopping center and storefront located at 745 45th St S, Fargo, ND 58103, in Cass County. The property, built in 1999 and renovated in 2017, boasts 13,725 square feet of net rentable space across eight units, currently operating at 100% occupancy since May 1, 2017. The property features a single, one-story building situated on a substantial 86,847 square foot lot, zoned for commercial use. The asking price is $1,560,000, representing a compelling price per square foot of $113.66 and an attractive 8.14% cap rate. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $126,916, with a remaining lease term of five years and a triple net (NNN) lease structure. This value-add opportunity is held in trust and offers a significant return on investment for the discerning buyer. The property's APN is 10-3880-01601-000.

    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
    -96.863057586039
    Latitude
    46.868471470325

    Comparable in this City

    • $8,800,000
      21,026 SF

      Veterans Commons: Fargo Retail Center

      Class A Shopping Center, 10 Tenants, High NOI
      835 23Rd Ave, Fargo, ND 58103
      View Details
    • $3,150,000
      24,481 SF

      West Fargo Retail Investment

      Multi-Tenant Retail Center, High NOI
      855 45Th St, Fargo, ND 58103
      View Details
    • $1,600,000
      5,550 SF

      Downtown Fargo Storefront Trio

      Historic Charm, Modern Amenities, High ROI
      716 Main Ave, Fargo, ND 58103
      View Details
    • $1,670,761
      7,200 SF

      Retail Center on 25th Street

      Fully occupied retail center in high-traffic Fargo location.
      1326 25Th St S, Fargo, ND 58103
      View Details
    • $1,125,000
      4,020 SF

      Fargo Bank Building - $1.125M

      Turnkey Fargo commercial property. High visibility location.
      1501 32Nd Ave, Fargo, ND 58103
      View Details
    • $525,000
      3,956 SF

      South Fargo Restaurant - $525K

      Profitable Restaurant, Great Location
      1324 25Th Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Sale

    • $8,800,000
      21,026 SF

      Veterans Commons: Fargo Retail Center

      Class A Shopping Center, 10 Tenants, High NOI
      835 23Rd Ave, Fargo, ND 58103
      View Details
    • $3,150,000
      24,481 SF

      West Fargo Retail Investment

      Multi-Tenant Retail Center, High NOI
      855 45Th St, Fargo, ND 58103
      View Details
    • $1,600,000
      5,550 SF

      Downtown Fargo Storefront Trio

      Historic Charm, Modern Amenities, High ROI
      716 Main Ave, Fargo, ND 58103
      View Details
    • $1,670,761
      7,200 SF

      Retail Center on 25th Street

      Fully occupied retail center in high-traffic Fargo location.
      1326 25Th St S, Fargo, ND 58103
      View Details
    • $1,125,000
      4,020 SF

      Fargo Bank Building - $1.125M

      Turnkey Fargo commercial property. High visibility location.
      1501 32Nd Ave, Fargo, ND 58103
      View Details
    • $525,000
      3,956 SF

      South Fargo Restaurant - $525K

      Profitable Restaurant, Great Location
      1324 25Th Ave, Fargo, ND 58103
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      8,000 SF

      Retail or Office Space Available

      Retail/office space with showroom, offices, stockroom, and loading dock.
      3223 13Th Ave S, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      42,046 SF

      32nd Center Retail Suite Available

      Prime Retail Space, Cass County, 1184 sq ft
      3003 32Nd Ave, Fargo, ND 58103
      View Details
    • $14 SF/Yr
      2,043 SF

      Prime Retail/Office Space Available

      Retail/office space on 13th Avenue in Fargo, North Dakota.
      4900-4950 13Th Ave S, Fargo, ND 58103
      View Details
    • $12 SF/Yr
      1,977 SF

      Retail/Office Space in Fargo Center

      Retail or office space in premier Fargo retail center.
      4302 13Th Ave S, Fargo, ND 58103
      View Details
    • Contact for pricing
      2,555 SF

      Retail Space with National Co-Tenancy

      Retail space with high visibility and abundant parking.
      4360 13Th Ave S, Fargo, ND 58103
      View Details
    • $1,850,000
      40,394 SF

      Visible Retail Space For Rent

      High-visibility retail space with overhead doors and storage.
      1202 36Th St S, Fargo, ND 58103
      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.
    745 45Th St
    Fargo, ND 58103
    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.