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Property profile & analytics

5118 Gtwy Dr Grand Forks, ND 58203-1110

  • Commercial real estate
  • 73,925 SF
  • 4.08 lot acres
OFF-MARKET
Value Estimations
$3,820,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US56-0700754
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

  • Gateway Storage / Storage Facility
  • Five Star Storage / Storage Facility

Property Details for 5118 Gtwy Dr

Year built
1975
Lot size
4.08 lot acres
Property size
73,925 SF
Property type
Commercial real estate
APN
44222400001000
APU
44222400001000

Description

This exceptional 6,750-square-foot flex space industrial property is ideally situated at 5118 Gateway Drive in Grand Forks, North Dakota, zip code 58203, within Grand Forks County. The single-tenant building offers a prime location directly on Gateway Drive, just a short distance west of Interstate 29, ensuring high visibility and accessibility. The property boasts ample parking, excellent signage opportunities for enhanced brand recognition, and significant traffic counts, making it an attractive option for businesses seeking a high-traffic location. The current configuration includes a functional office area and separate men's and women's restrooms. The layout offers flexibility, with the potential to add more office space to suit specific business needs. The building is currently fully occupied. This property presents a rare opportunity to acquire a well-located, fully leased industrial space in a thriving area. The property's strategic location and functional design make it an ideal investment for those seeking a stable and high-visibility commercial asset. The building's size and layout are well-suited for a variety of businesses. The property is situated in a dynamic area with strong growth potential.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $3,917,000
    Market price range: $3.92M - $7.78M
    AI Estimate
    $3,188,000
    Market price range: $2.47M - $7.25M

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


Location Insight

  • Map
  • Local Demand
City
Grand Forks
County
Grand Forks
State
North Dakota
Longitude
-97.1036
Latitude
47.9342
CBSA code
24220
CBSA name
GRAND FORKS, 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
$52,723
$397,500
$1,093,000
$1,490,500
-
$795,000
$2,186,000
$2,981,000
More about this property
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