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    5501 38Th St Fargo, ND 58104

    For Sale
    $868,050

    Prime 1.47-acre development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.47-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding South Fargo area. Located at 5501 38th St South, Fargo, ND 58104, this property boasts unparalleled visibility and accessibility, situated directly across from a high-performing Walmart Supercenter attracting nearly two million annual customers. The site offers premier build-to-suit options and benefits from excellent access via 52nd Ave and convenient proximity to I-29, facilitated by the new 64th Overpass. The land is outside the FEMA 100-year flood plain and includes an onsite retention pond. Its strategic location places it near significant amenities, including the Sanford Sports Complex, North Dakota State College of Science, Fargo Park District headquarters, Hospice of the Red River Valley, KingPinz entertainment center, and numerous retail establishments such as Starbucks, Aldi, and Panda Express. The expansive lot allows for diverse development possibilities, including retail, multi-family, office, and medical uses. The asking price is $868,050, representing a land value of $13.50 per acre. This property is poised to become a cornerstone of South Fargo's continued growth, offering substantial potential for future development and significant return on investment.

    Property Features for 5501 38Th St

    General Information

    Property type
    Land
    Lot Size
    64,033 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store 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
    -96.8461642
    Latitude
    46.8006432

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    FAQs

    What type of property is this?
    Land - Prime 1.47-acre development site.
    Where is this land located?
    The property is located at 5501 38Th St Fargo, ND.
    What is the asking price?
    The asking price for this property is $868,050.
    Request Owner's contact information
    5501 38Th St Fargo, ND 58104
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    Realmo Value Estimation

    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.

    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.

    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
    5501 38Th St Fargo, ND 58104
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