Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5676 38Th St Fargo, ND 58104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime South Fargo location, 1.19 acres, $516,600

    Property Features for 5676 38Th St

    General Information

    Property type
    Land
    Lot Size
    51,836 SF

    We can help!

    Listing Contact
    Jeremy Horst
    Jeremy Horst

    Listing Agency: Core Property Group Listing Agent: Jeremy Horst

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.19-acre commercial lot, identified as Lot 4 in the Tillstone development, presents a unique investment opportunity in a rapidly expanding area of South Fargo, North Dakota. Located at 5676 38th St S, this property boasts a highly visible position, benefiting from proximity to I-94 and 52nd Ave South, ensuring significant exposure to high volumes of traffic. The land is priced at $10 per square foot, totaling $516,600. The strategic location within Tillstone places the lot near a Walmart, surrounded by established residential neighborhoods and a thriving mix of commercial businesses and retailers, creating a strong consumer base and convenient access for potential customers. This translates to a high-traffic area with excellent visibility, making it ideal for a variety of commercial ventures. The Tillstone development includes a shared retention pond, contributing to the overall aesthetic and functionality of the community. This lot offers the potential for immediate development or a build-to-suit opportunity, allowing for customization to meet specific business needs. The property's location in one of Fargo's fastest-growing areas promises significant long-term value appreciation. The address is 5676 38th St S (LOT 4), Fargo, ND 58104. Cass County.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Rye at Tillstone Apartment Building

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel 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
    -96.842451
    Latitude
    46.798701

    Nearby Similar for Sale

    • Contact for pricing
      13,270 SF

      Historic Downtown Office/Retail Space

      Renovated historic building with high visibility and flexible floor plans.
      627 Northern Pacific Ave, Fargo, ND
      View Details
    • Contact for pricing
      2,325 SF

      New Construction NNN Restaurant

      New construction restaurant with a long-term lease and zero responsibilities.
      3971 53Rd Ave S, Fargo, ND 58104
      View Details
    • Contact for pricing
      25,000 SF

      Historic Fargo Building For Sale

      Renovated 25,000 SF building with flexible occupancy options.
      315 5Th St N, Fargo, ND 58102
      View Details
    • $29,950,000
      194,637 SF

      Fargo Industrial Flex Building

      Class A, 195,000 SF, prime location
      4171 24Th Ave, Fargo, ND 58102
      View Details
    • $8,800,000
      21,026 SF

      Veterans Commons: Fargo Retail Center

      Class A Shopping Center, 10 Tenants, High NOI
      835 23Rd Ave, Fargo, ND 58103
      View Details
    • $2,612,500
      40,314 SF

      Downtown Fargo Warehouse Opportunity

      40,314 SF Warehouse, Prime Location
      720 14Th St, Fargo, ND 58102
      View Details
    • $2,950,000
      21,087 SF

      Fargo Warehouse: Historic Charm

      21,087 SF Warehouse, NNN Lease, Vacant
      610 University Dr, Fargo, ND 58102
      View Details
    • $235,000
      1,500 SF

      Fargo Shop Condo: Prime Location

      1500 sq ft Warehouse/Sports Condo
      6100 36Th St, Fargo, ND 58104
      View Details
    • $229,900
      3,302 SF

      Fargo 6-Plex Investment Opportunity

      NDSU-proximity, six 1-bed/1-bath units.
      1010 12Th Ave, Fargo, ND 58102
      View Details
    • $1,125,000
      4,020 SF

      Fargo Bank Building - $1.125M

      Turnkey Fargo commercial property. High visibility location.
      1501 32Nd Ave, Fargo, ND 58103
      View Details
    • $1,500,000
      6,371 SF

      Fargo Daycare Center - Turnkey Ready

      Established Daycare, Prime Fargo Location
      2600 9Th Ave, Fargo, ND 58103
      View Details
    • $690,000
      1,600 SF

      Fargo Commercial Building, 1.98 Acres

      Prime Fargo location, 1600 sq ft building, $690,000
      5165 44Th St, Fargo, ND 58104
      View Details

    FAQs

    What type of property is this?
    Land - Prime South Fargo location, 1.19 acres, $516,600
    Where is this land located?
    The property is located at 5676 38Th St Fargo, ND.
    What is the asking price?
    The asking price for this property is $516,600.
    What are key features of this property?
    This property features: $516,600 asking price.; 1.19-acre commercial land parcel.; Located in a fast-growing area of South Fargo, ND.
    (701) 235-2920 Call to check price and availability
    Request Owner's contact information
    5676 38Th St Fargo, ND 58104
    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.
    5676 38Th St
    Fargo, ND 58104
    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
    5676 38Th St Fargo, ND 58104
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeremy Horst
    Jeremy Horst
    Real Estate License ID: 8209
    (701) 235-2920 (701) 212-4144
    Learn more
    Google sign-in failed. Please try again or use another login method.