Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Crossroads Development Title is generated by Realmo AI

    4001 23rd Ave S, Fargo, ND 58104

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land for sale with high visibility and access.

    Type:Retail, Office, Land
    Lot size:
    10.00 Acres
    Added:
    Oct 10, 2022
    Days on Market:
    1333
    Last Refresh:
    May 19 at 8:48 pm

    Property Features for 4001 23rd Ave S

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Retail, Office, Land

    We can help!

    Listing Contact
    Andy Westby
    Andy Westby

    Listing agent Andy Westby License #ND 9120

    Listing office Goldmark Commercial Real Estate Inc

    Listing date Oct 10, 2022

    Source Crexi

    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

    HighLights

    • Unmatched Visibility: Located at the intersection of I‑94 and I‑29, offering the highest combined traffic counts in the state (over 144k vehicles daily).
    • Prime Location: Situated in The Crossroads development, the epicenter of the Fargo‑Moorhead metro area, on 42nd St, just north of 32nd Ave S.
    • Excellent Access: Conveniently located 1 minute from I‑94 and 3 minutes from I‑29.
    • Flexible Options: Opportunity to buy, build, or build‑to‑suit with flexible leaseback terms.
    • Large Lot Sizes: Lots ranging from .7 to 10+ acres.
    • Diverse Use Potential: Supports a large mix of uses, including professional office, medical, retail, technology, and education.

    Overview

    This commercial land is located in The Crossroads development in the Fargo-Moorhead metro area, adjacent to I-94 and I-29. The property offers access and visibility, with traffic counts of over 144,000 vehicles daily. Situated on 42nd St, just north of 32nd Ave S, the location is one minute from I-94 and three minutes from I-29. Businesses have the option to own and build or build-to-suit with flexible leaseback terms. The site supports a mix of uses, including professional office, medical, retail, technology, and education. Lots range from 0.7 to over 10 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8452338
    Latitude
    46.8441095

    Nearby Similar for Sale

    • $750,000
      5,149 SF

      Established Laundromat on University Drive

      Well-maintained laundromat with conversion potential in central Fargo.
      801 S University Dr N, Fargo, ND 58103
      View Details
    • $2,950,000
      13,275 SF

      High-Exposure Corner Commercial Property

      Versatile commercial property with office, showroom, and warehouse space.
      3803/3817 Main Ave, Fargo, ND 58103
      View Details
    • $2,325,000
      4,236 SF

      Downtown Fargo Service Center Opportunity

      Gas station, convenience store, and repair facility in downtown Fargo.
      330 Main Ave, Fargo, ND 58103
      View Details
    • $899,000
      2,777 SF

      Retail Property in Fargo, ND

      Retail property for sale with 2,777 square feet.
      3072 45th St S, Fargo, ND
      View Details
    • $1,000

      Warehouse Portfolio with Land Tract

      Three-tract offering near the Fargo airport area, including tenant-occupied warehouses and a commercial land parcel near an interstate exit.
      2805 40th Ave N, Fargo, ND 58102
      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
      View Details
    • $3,900,000
      2,325 SF

      New Construction NNN Restaurant

      New construction restaurant with a long-term lease and zero responsibilities.
      3971 53rd Ave S, Fargo, ND
      View Details
    • $775,000
      5,000 SF

      Versatile Commercial Building in Fargo

      5,000 sq. ft. commercial building in North Fargo.
      2501 12th Street N, Fargo, ND 58102
      View Details
    • Contact for pricing
      119,544 SF

      Class A Office Building Fargo

      Premier downtown Fargo office building with strong tenant roster.
      51 Broadway North, Fargo, ND, 58102
      View Details
    • $995,000

      Fargo Urban Plains Development Land

      1.5 acres in Fargo's Urban Plains development.
      2861 Brandt Dr S, Fargo, ND 58104
      View Details
    • $5,750,000
      655 SF

      Fargo Commercial Space For Rent

      Versatile 655 SF commercial space in Fargo, North Dakota.
      503 7th St N, Fargo, ND
      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
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale with high visibility and access.
    Where is this commercial land located?
    The property is located at 4001 23rd Ave S Fargo, ND.
    What is the asking price?
    The asking price for this property is $1,426,586.
    What are key features of this property?
    This property features: Unmatched Visibility: Located at the intersection of I‑94 and I‑29, offering the highest combined traffic counts in the state (over 144k vehicles daily).; Prime Location: Situated in The Crossroads development, the epicenter of the Fargo‑Moorhead metro area, on 42nd St, just north of 32nd Ave S.; Excellent Access: Conveniently located 1 minute from I‑94 and 3 minutes from I‑29.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andy Westby
    Andy Westby
    Real Estate License ID: ND 9120
    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.
    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

    Thank You for Inquiry
    4001 23rd Ave S, Fargo, ND 58104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!