Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3155 Blue Stem Dr West Fargo, ND 58078
    Back to Search
    Property profile & analytics

    3155 Blue Stem Dr West Fargo, ND 58078

    View on Map
    • Commercial land
    • 0.89 lot acres
    For Sale
    $4,377,500
    View Listing →
    Fully Leased West Fargo Center For Sale
    $4,377,500
    11,957 SF

    Fully Leased West Fargo Center

    Class A shopping center on West Fargo's premier retail corridor.

    3155 & 3163 Bluestem Dr, West Fargo, ND 58078
    View Listing
    Property ID
    US56-0095828
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3155 Blue Stem Dr

    Year built
    1900
    Construction
    WOOD FRAME
    Lot size
    0.89 lot acres
    Property type
    Commercial land
    APN
    02-4855-00060-000
    APU
    2485500060000

    Description

    This exceptional Class A, 11,957 square foot shopping center in West Fargo, ND, presents a turnkey investment opportunity. Boasting 100% occupancy across seven units, the property features a strong tenant mix of national franchises and local businesses. Located on a 1.96-acre lot (85,377 sq ft) at 3155 & 3163 Bluestem Dr, it benefits from a prime location on Veterans Blvd, a high-traffic retail corridor with approximately 40,000 vehicles daily. The center's strategic positioning across from the future Urban Plains mixed-use development ensures sustained growth and increased consumer engagement. Built in 2015, this NNN-leased property offers a 6.00% cap rate and is priced at $4,377,500 ($366.10/sq ft). The property is zoned C - Light Commercial District and features a prominent monument sign on Veterans Blvd. This investment offers significant upside potential in a high-growth, affluent area of West Fargo, supported by consistent residential and commercial development. APN: 02-4855-00070-000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8842
    Latitude
    46.8347
    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
    $19,420
    $312,000
    $0.00
    $312,000
    -
    $624,000
    $0.00
    $624,000

    Comparable in this City

    • Value Estimation by Request

      3338 5th E Way

      VACANT COMMERCIAL LAND
      3338 5th E Way, West Fargo, ND 58078-5446
      View Details
    • Value Estimation by Request
      0.53 Acres

      52 17th E St

      VACANT COMMERCIAL LAND • 0.53 Acres
      52 17th E St, West Fargo, ND 58078-4521
      View Details
    • Value Estimation by Request
      0.17 Acres

      237 1st W Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
      237 1st W Ave, West Fargo, ND 58078-1703
      View Details
    • Value Estimation by Request
      0.32 Acres

      118 1st W Ave

      VACANT COMMERCIAL LAND • 0.32 Acres
      118 1st W Ave, West Fargo, ND 58078-1702
      View Details
    • Value Estimation by Request

      3612 32nd W Ave

      VACANT COMMERCIAL LAND
      3612 32nd W Ave, West Fargo, ND 58078-8405
      View Details
    • Value Estimation by Request
      0.17 Acres

      180 45th NE St

      VACANT COMMERCIAL LAND • 0.17 Acres
      180 45th NE St, West Fargo, ND 58078
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      191,067 SF

      Prime Development Land Near Veterans

      4.39 acres of development land near major retailers.
      501 23Rd Ave E, West Fargo, ND 58078
      View Details
    • Contact for pricing

      Prime Retail Corridor Pad Site

      Coveted pad site in West Fargo's bustling retail corridor.
      875 23Rd Ave E, West Fargo, ND 58078
      View Details
    • Contact for pricing
      11,040 SF

      West Fargo Investment Property

      Investment property with redevelopment potential in West Fargo's Main Ave.
      133 Main Ave W, West Fargo, ND 58078
      View Details
    • $129,000
      12,885 SF

      Vacant Land Ready to Build

      Vacant land in the heart of West Fargo.
      524 Sheyenne St, West Fargo, ND 58078
      View Details
    • $12,919,500

      West Fargo Industrial Land Opportunity

      60-acre tract ideal for heavy industrial projects in West Fargo.
      665 12Th Ave NW, West Fargo, ND 58078
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land for Lease

      1-5 acre industrial sites available for lease.
      2351 8Th Ave NW, West Fargo, ND 58078
      View Details
    • Contact for pricing

      West Fargo Shop and Office

      Flex, industrial, and office spaces available for rent in West Fargo.
      349 11Th St W, West Fargo, ND 58078
      View Details
    • Contact for pricing

      Remodeled Office Space For Lease

      Second floor office space with recent remodeling and ample parking.
      1042 14Th Ave E, West Fargo, ND 58078
      View Details
    • Contact for pricing

      Mixed-Use Center in West Fargo

      Mixed-use shopping center with retail, restaurant, office, and medical spaces.
      1405 Prairie Pkwy, West Fargo, ND 58078
      View Details
    • Contact for pricing
      2,616 SF

      Mixed-Use Center in West Fargo

      Mixed-use shopping center with retail, restaurant, office, and medical businesses.
      1405 Prairie Pkwy, West Fargo, ND 58078
      View Details
    • Contact for pricing
      1,927 SF

      West Fargo Office Space Available

      Office space for rent, convenient West Fargo location.
      705 13Th Ave E, West Fargo, ND 58078
      View Details
    View Listing
    Request Owner's contact information
    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.
    3155 Blue Stem Dr
    West Fargo, ND 58078
    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
    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

    Thank You for Inquiry
    3155 Blue Stem Dr, West Fargo, ND, 58078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!