Financial
Distress signals
Property profile

5118 Gtwy Dr Grand Forks, ND 58203

OFF-MARKET
Other commercial real estate
Property ID
US56-0700754
73,925 SF 4.08 ac lot Built 1975
Last sale Jan 2015
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of office/warehouse space located on Gateway Drive, a few blocks west of I-29, totaling approximately 6,750 square feet. It includes a mixed layout with one office and separate men’s and women’s bathrooms, and the interior configuration allows for the addition of more office spaces. The building is designed to be subdivided, supporting multiple commercial uses, and it is positioned with ample parking and frontage that provides opportunities for exterior signage.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$53k
Tax billed · 2023
Assessed value$1.49M
Assessed land$398k
Assessed improvement$1.09M
Effective rate3.54%

Value estimate

· Sep 2026
$965k
$869k – $1.06M
Sales comparison$3.92M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$77/SF
ZIP average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$53 – $105

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRAND FORKS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.3
Law Firm11.6
HVAC Service10.6

Location

5118 Gtwy Dr Grand Forks, ND 58203-1110
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3450 Gtwy, Grand Forks, ND 58203-0816 $1,540,000 Dec 2025 23,829 SF
1000 42nd, Grand Forks, ND 58203-1916 $1,850,000 Oct 2024 27,881 SF
1224 39th, Grand Forks, ND 58203-2003 $1,750,000 Jul 2024 8,832 SF
612 5th, Grand Forks, ND 58203-3285 $675,000 Feb 2023 11,880 SF
2904 Gtwy, Grand Forks, ND 58203-0806 $650,000 Jul 2022 13,169 SF
204 6th, Grand Forks, ND 58203-3655 $830,000 Jul 2022 19,404 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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