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High-Visibility Office Building Near Mall

1749 38th St S Fargo, ND 58103

1749 38th St S, Fargo, ND, 58103
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16,000+ SF office building with high traffic exposure.

Property Size16,937 SF
Price / SF$147.55
AddedAug 17, 2024
Days on Market698
Last RefreshJul 15 at 5:19 pm

Property Features for 1749 38th St S

General Information

Standard status
Active
Size
16,937 SF
Property subtype
Retail, Office

Building Details

Year Built
1979

Listing office Goldmark Commercial Real Estate Inc

Listing date Aug 17, 2024

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


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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $315.0k $18.60
− Vacancy −$50.4k −$2.98
EGI $264.6k $15.62
− OpEx −$66.2k −$3.91
NOI $198.5k $11.72
16,937 SF · lease $18.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.84M
$2.48M – $3.31M (±1% cap)
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 (±1% cap)
NOI $257,185 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Sanford Health Plan Corporate Office Echelon Corporation (Bike/Boat/Book/etc) Store

Suggested Use

Electrical Service Daycare Center Parking Lot & Garage HVAC Service Grocery & Convenience Store Barber Shop (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store

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

FAQs

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.
Contact an agent
(701) 893-2826 Call to check price and availability
More about this property
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