High-Visibility Office Building Near
For Sale
Contact for pricing
1749 38th St S, Fargo, ND 58103
16,000+ SF office building with high traffic exposure.
Property Size16,937 SF
Price / SF$147.55
Days on Market790
Property Features for 1749 38th St S
General Information
Standard status
Active
Size
16,937 SF
Total Parking Spaces
65
Property subtype
Retail, Office
Building Details
Year Built
1979
Buildings
1
Stories
2
Listing Agency:
Goldmark Commercial Real Estate Inc
Listed By:
Paul Campbell · License #ND 10554
(701) 893-2826
Source:
Crexi
Added: Aug 17, 2024
Changed: Oct 10
Last Checked: Oct 12 at 8:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goldmark Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
Available for sale or lease, this office building offers over 16,000 square feet of space with high visibility along I-29. The brick building features ceilings as high as 19 feet and ample parking. It is conveniently located near amenities such as West Acres Mall, restaurants, and hotels. The property includes multiple open working areas, large offices, conference and training rooms, and a kitchen and break room. The finished garden level features a large training room, two offices, bathrooms, and storage. Recent improvements include a new roof, restriped parking lot, security cameras, and updated HVAC controls. On-building and boulevard pylon signage facing I-29 are available. The location sees over 75,000 vehicles passing by daily.
Key Highlights
- High visibility location with over 75,000 vehicles passing daily on I‑29.
- Large office space: 16,000+ SF.
- Ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,468
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,969,360
$4.0M
Cap Rate 7%
$2,835,257
$2.8M
Cap Rate 9%
$2,205,200
$2.2M
Market Conditions
NOI Build-Up for 16,937 SF
Gross rent
$315.0K $18.60/SF
− Vacancy
−$50.4K −$2.98/SF
EGI
$264.6K $15.62/SF
− OpEx
−$66.2K −$3.91/SF
NOI
$198.5K $11.72/SF
Area
Fargo, ND
Vacancy
16.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,969,360
Cap Rate 7%
$2,835,257
Cap Rate 9%
$2,205,200
Alternative Uses
Best Use
Office B
$2.84M
$2.48M – $3.31M
NOI $198,468 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.29M
NOI $257,185 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 58103, ND
46,754
Population
25,241
Households
1.9
Avg Household Size
36
Median Age
37%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
4,066
Density / Sq Mi
$57,699
Median Household Income
$38,241
Median Earnings
$831
Median Rent
$239,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - 16,000+ SF office building with high traffic exposure.
Where is this office building located?
The property is located at 1749 38th St S Fargo, ND.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: High visibility location with over 75,000 vehicles passing daily on I‑29.; Large office space: 16,000+ SF.; Ample parking.
