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Property profile & analytics
FOR SALE
Office Units
827 28Th St S B Fargo, ND 58103
Entity Owned
7-yr Hold
Property ID
US56-0043787
For Sale
1 / 21
$530,000
827 28Th St S,Unit B, Fargo, ND 58103
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Property summary
AI-generated overview
A great office suite in South Fargo is now available for sale! This is a rare opportunity to own an office suite in this size and price range. Located near busy 13th Avenue and 25th Street, this property has numerous professional and retail businesses nearby. Sitting at 3,200 SF, this uniquely designed office building contains front door parking, adequate parking, direct exterior access, reception area, over a dozen rooms for offices and conference rooms, work areas, and private restrooms. Numerous improvements have been made since 2018. The association handles snow removal and lawncare. This is a great opportunity for an owner-occupier, investor, or both!
Property profile
Verified
Property type
Office Units
Year built
1989
Total area
3,200 SF
UPID
US56-0043787
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
Current use
Occupant on record · Public records
-
Corwin Family Dentistry Dental Office
-
Brant David G DDS Dental Office
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Advanced Dental Technology Center Dental Office
-
Megan L. Neppl, OT Physician
-
Professional Insurance Agents Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Frost River Services LLC · 7 yrs held
Frost River Services LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
Office Units
Status
For Sale
Year built
1989
Total area
3,200 SF
UPID
US56-0043787
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Current owner
From public records · entity-resolved
Frost River Services LLC
Entity
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2022
—
Frost River Sevices LLC
—
Deed
related
$332,754 · Alerus Financial NA
May 4, 2020
—
Frost River Services LLC
—
Deed
related
$352,000 · Bank Forward
Dec 5, 2019
—
Frost River Services LLC
—
Deed
related
$309,000 · Bank Forward
Aug 23, 2018
—
Frost River Services LLC
Dfb LLC
Warranty Deed
$320,000 · Blackridgebank
Aug 28, 2017
—
Dfb LLC
—
Trust Deed
related
$30,896 · Midwest Bk
Apr 18, 2017
—
Dfb LLC
—
Deed
related
$228,000 · Midwest Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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