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    For Sale (24)

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    Lakefront Lot with Private Cove
    $279,900
    2.37 Acres

    Lakefront Lot with Private Cove

    2.3-acre lot with 840' frontage on Lake Remo.

    Tbd Reno Vw Dr SW, Alexandria, MN 56308
    View details
    Maine Twp Land with Frontage
    $149,900
    21.00 Acres

    Maine Twp Land with Frontage

    21-acre land with lake and river frontage.

    290xx County Highway 35, Underwood, MN 56586
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    Leaf Lake Land with Water Frontage
    $145,000
    18.30 Acres

    Leaf Lake Land with Water Frontage

    18-acre land with lake and river frontage for building.

    512xx Leaf River Rd, Ottertail, MN 56571
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    Pine City Land with Utilities
    $250,000
    10.02 Acres

    Pine City Land with Utilities

    10-acre parcel with city water and sewer access.

    10Th St NW, Pine City, MN 55063
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    Leaf River Frontage Land
    $115,000
    8.16 Acres

    Leaf River Frontage Land

    8.2 acres with river and lake access for building.

    513xx Leaf River Rd, Ottertail, MN 56571
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    Blaine Land for Commercial Development
    $995,000
    7.97 Acres

    Blaine Land for Commercial Development

    7.97 acres of land prime for commercial development.

    3101 125Th Ave NE, Blaine, MN 55449
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    Brooklyn Center Church with Ample Parking
    $1,499,900
    8,579 SF

    Brooklyn Center Church with Ample Parking

    Turnkey church facility with seating for 250-300 and ample parking.

    6206 Lilac Dr N, Brooklyn Center, MN 55430
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    Residential Lot in Shoreview, MN
    $185,000
    0.41 Acres

    Residential Lot in Shoreview, MN

    Residential land in Mounds View School district with mature trees.

    5920 Hodgson Rd, Shoreview, MN 55126
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    Lake and River Frontage Land
    $150,000
    5.20 Acres

    Lake and River Frontage Land

    5.2 acres with 640' lake and river frontage.

    E Tract E, Ottertail, MN 56571
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    Refrigerated Truck Terminal in Fridley
    $9,990,000
    32,178 SF

    Refrigerated Truck Terminal in Fridley

    Fully occupied, cross-dock refrigerated warehouse on 5.99 acres for sale.

    8201 Hickory St NE, Fridley, MN 55432
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    48 Acres in Andover
    $1,900,000
    47.96 Acres

    48 Acres in Andover

    48-acre property with rambler and outbuildings in Andover, Minnesota.

    15357 Prairie Rd NW, Andover, MN 55304
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    Land with Lake and River Frontage
    $125,000
    12.48 Acres

    Land with Lake and River Frontage

    12.5 acres of land and water with river frontage.

    514xx Leaf River Rd, Ottertail, MN 56571
    View details
    Residential Land in Downtown Excelsior
    $499,900
    0.15 Acres

    Residential Land in Downtown Excelsior

    Land for new construction in downtown Excelsior, near Lake Minnetonka.

    151 Bell St, Excelsior, MN 55331
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    Farmland, Woodlands, Rolling Meadows Estate
    $2,350,000
    57.31 Acres

    Farmland, Woodlands, Rolling Meadows Estate

    57.31 acres of prime land near major amenities.

    2041# Larkin Rd, Corcoran, MN 55340
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    Corcoran Land for Luxury Development
    $4,500,000
    118.20 Acres

    Corcoran Land for Luxury Development

    118.2 acres of land suitable for luxury development.

    20417 Larkin Rd, Corcoran, MN 55340
    View details
    Lots & Land - Oak Grove, MN
    $139,900
    2.01 Acres

    Lots & Land - Oak Grove, MN

    Residential land & home lots

    4255 228Th Ave NW, Oak Grove, MN 55303
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    Residential Land in Oak Grove
    $139,900
    2.01 Acres

    Residential Land in Oak Grove

    Two-acre residential lots available in a mature, treed development.

    4269 228Th Ave NW, Oak Grove, MN 55303
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    Oak Grove Treed Acreage Lots
    $119,900
    2.01 Acres

    Oak Grove Treed Acreage Lots

    Two-acre residential lots in a mature, treed Oak Grove development.

    4210 228Th Ave NW, Oak Grove, MN 55303
    View details
    Oak Grove Treed Residential Lots
    $139,900
    2.00 Acres

    Oak Grove Treed Residential Lots

    Two-acre residential lots in a matured, treed development.

    22783 Jivaro St NW, Oak Grove, MN 55303
    View details
    Ham Lake Land Opportunity
    $255,000
    2.72 Acres

    Ham Lake Land Opportunity

    2.72 acre residential lot for custom home construction.

    2941 155Th Ave NE, Ham Lake, MN 55304
    View details
    Lots & Land - Hastings, MN
    $85,000
    0.24 Acres

    Lots & Land - Hastings, MN

    Commercial land

    4xx Spring St, Hastings, MN 55033
    View details
    Development Lots in Hastings, MN
    $85,000
    0.21 Acres

    Development Lots in Hastings, MN

    Two adjacent lots with development potential in Hastings, Minnesota.

    306 5Th St W, Hastings, MN 55033
    View details
    Premium Lot in Ham Lake
    $279,900
    2.35 Acres

    Premium Lot in Ham Lake

    2.35-acre lot in Ham Lake, build your dream home.

    17870 Urbank St NE, Ham Lake, MN 55304
    View details
    Land with Lake Mina Access
    $249,900
    2.36 Acres

    Land with Lake Mina Access

    2+ acre lot on clear Lake Mina.

    10Th Ave, Alexandria, MN 56308
    View details

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    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
    Counselor Realty, Inc
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