5501 38Th St Fargo, ND 58104
This exceptional 1.12-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding South Fargo area. Located at 5501 38th St S, 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 benefits from excellent access via 52nd Ave and close proximity to I-29, ensuring convenient connectivity for both customers and employees. The land is outside the FEMA 100-year flood plain and includes an onsite retention pond. The recently completed 64th Overpass further enhances accessibility to nearby residential neighborhoods. This location offers a multitude of development possibilities, including retail, multi-family, office, or medical uses. The property's strategic position near the Sanford Sports Complex, North Dakota State College of Science, Fargo Park District headquarters, Hospice of the Red River Valley, KingPinz, and numerous other retailers such as Starbucks, Aldi, and Panda Express, ensures high traffic and strong potential for future growth. Premier build-to-suit options are available. The asking price is $708,905, representing a price per acre of $14.50. This is a rare chance to capitalize on the explosive growth of South Fargo and secure a prime location for your next development project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.