Property profile

1749 38Th St S Fargo, ND 58103

FOR SALE
Distribution centers
Property ID
US56-0060852
16,937 SF Built 1979
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

This exceptional 16,937-square-foot office and warehouse building in Fargo, North Dakota, presents a unique investment opportunity. Situated on a 72,023-square-foot lot at 1749 38th St S, 58103, this single-tenant property boasts high visibility along I-29, with over 75,000 vehicles passing daily. The two-story, 1979-built brick building offers ample space, including multiple open work areas, large private offices, several conference/training rooms, a kitchen/break room, and a finished garden level with a large training room, offices, bathrooms, and storage. The impressive interior features ceilings as high as 19 feet. The property includes 65 parking spaces (3.8 per 1,000 square feet) and benefits from recent improvements such as a new roof, restriped parking lot, updated security cameras, and upgraded HVAC controls. Prime signage opportunities exist both on the building and on a boulevard pylon facing I-29. Its convenient location near West Acres Mall, restaurants, and hotels provides easy access to amenities. The property's Cass County location (APN: 01-380000020-000) offers a strategic advantage for businesses seeking high visibility and convenient access. The entire 16,937 square feet is currently vacant, presenting a blank canvas for a new tenant or owner.

Property profile

Verified
Property type Distribution centers
Year built 1979
Total area 16,937 SF
UPID US56-0060852

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

1749 38Th St S Fargo, ND 58103
Fargo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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