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    3221 41St St Moorhead, MN 56560

    • Commercial real estate
    • 2.13 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimation
    Last Sale
    Aug 18, 2022
    $271,000
    Location Intelligence
    Property ID
    US46-0912436
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LT Parking / Parking Lot

    Property Details for 3221 41St St

    Lot size
    2.13 lot acres
    Property type
    Commercial real estate
    APN
    58.417.0021
    APU
    584170021

    Description

    This exceptional investment opportunity presents a 92,443 square foot truck parking lot in Moorhead, Minnesota, boasting a strong 8.04% capitalization rate and a current NOI of $88,445. The property, located at 3221 41st St S, 56560, features 50 parking spaces, currently 72% occupied (36 spaces leased) with a mix of annual and month-to-month tenants. The lot benefits from a prime location just off I-94, ensuring convenient access for commercial vehicles. Recent renovations in 2023 include the installation of new drainage, enhancing the overall functionality and appeal of the facility. Security cameras provide added safety and peace of mind. The existing lease structure includes one-year terms. The property's zoning is Commercial/Industrial, and the land value is $12.44 per square foot. The lot is situated on a 92,443 square foot parcel (APN: 58.417.0021). With potential for increased revenue through daily parking ($15/day), this property offers significant upside for a value-add investor. Partial seller financing may be available for qualified buyers. The occupancy date is September 1, 2024.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $290,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $305,000
      Mixed-Use
      $245,000
      Hospitality
      $245,000
      Educational
      $290,000
      Residential Income
      $295,000
      Energy
      $270,000
      Income-Based Land
      $230,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Moorhead
    County
    Clay
    State
    Minnesota
    Longitude
    -96.7142
    Latitude
    46.8409
    CBSA code
    22020
    CBSA name
    FARGO, ND-MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,772
    $184,900
    $55,700
    $240,600
    -
    $184,900
    $55,700
    $240,600

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    3221 41St St
    Moorhead, MN 56560
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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
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