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    Move It Real Estate Group by Lakehomes.com

    225 NW 1st Ave, Grand Rapids, MN 55744
    (218) 327-9889
    Web Site
    Size: 10+ agents

    Agents

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    Property Types

    • Commercial Sale
    • Land

    Listings

    For Sale (25)

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    Move-in Ready Highway 2 Office
    $360,000
    0.49 Acres

    Move-in Ready Highway 2 Office

    Well-maintained office building on Highway 2 in Grand Rapids, MN.

    1404 NW 4Th St, Grand Rapids, MN 55744
    View details
    Mixed-Use Building in Downtown
    $129,000
    1,892 SF

    Mixed-Use Building in Downtown

    Downtown commercial building with retail space and rental apartments.

    426 3Rd St, International Falls, MN 56649
    View details
    Commercial Building in Prime Location
    $180,000
    3,113 SF

    Commercial Building in Prime Location

    3113 sq ft commercial building in high-demand location.

    619 3Rd Ave, International Falls, MN 56649
    View details
    Commercial Building in Prime Location
    $150,000
    2,820 SF

    Commercial Building in Prime Location

    2820 sq ft commercial building in a high-traffic location.

    615 3Rd Ave, International Falls, MN 56649
    View details
    Rainy Lake Shoreline Property
    $225,000
    0.20 Acres

    Rainy Lake Shoreline Property

    Protected boat landing with docks and boathouse on Rainy Lake.

    Tbd County Rd 94, International Falls, MN 56649
    View details
    Land Parcel Near Highway
    Contact for pricing
    3.92 Acres

    Land Parcel Near Highway

    Residential land with road access near International Falls.

    Tbd County Rd 91, International Falls, MN 56649
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    Residential Lots in International Falls
    Contact for pricing
    0.78 Acres

    Residential Lots in International Falls

    Two residential lots ideal for building in International Falls, MN.

    20Th St W, International Falls, MN 56649
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    Residential Lot in International Falls
    Contact for pricing
    0.15 Acres

    Residential Lot in International Falls

    Affordable in-town lot suitable for home or investment property.

    716 6Th Ave, International Falls, MN 56649
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    Residential Lot in International Falls
    Contact for pricing
    0.15 Acres

    Residential Lot in International Falls

    In-town lot suitable for building a home or investment property.

    412 8Th St, International Falls, MN 56649
    View details
    Land with Trees and Rock
    $219,000
    15.91 Acres

    Land with Trees and Rock

    A 15.91-acre property with trees and rock outcroppings.

    Tbd Hbr Ln, International Falls, MN 56649
    View details
    Rainy Lake Island Commercial Property
    $699,000
    9.50 Acres

    Rainy Lake Island Commercial Property

    9.5-acre commercially zoned island with shoreline and potential uses.

    2116 Red Crst Is, International Falls, MN 56649
    View details
    Residential Corner Lot in Randall
    Contact for pricing
    0.22 Acres

    Residential Corner Lot in Randall

    Buildable corner lot in Randall, suitable for a new home.

    524 Superior Ave, Randall, MN 56475
    View details
    Ranier Land Near Voyageur Park
    $79,000
    0.87 Acres

    Ranier Land Near Voyageur Park

    Cleared lot ready for building near Voyageur National Park.

    3672 County Rd 92 E, Ranier, MN 56668
    View details
    Flexible Commercial Space Opportunity
    $450,000
    15,720 SF

    Flexible Commercial Space Opportunity

    Large commercial space in International Falls, ideal for reimagining.

    1319 3Rd St, International Falls, MN 56649
    View details
    Keyes Island Residential Land
    $126,000
    1.36 Acres

    Keyes Island Residential Land

    Southern-facing lot on Keyes Island, ideal for cabin construction.

    Tbd Keyes Is, International Falls, MN 56649
    View details
    Residential Development Opportunity in Minnesota
    $102,000
    25.00 Acres

    Residential Development Opportunity in Minnesota

    25.2 acre cleared land with utilities access in International Falls.

    Tbd Shorewood Dr, International Falls, MN 56649
    View details
    Ray, MN Hunting Land
    $249,000
    180.00 Acres

    Ray, MN Hunting Land

    180 acres of secluded hunting land with river access.

    W County Road 3, Ray, MN 56669
    View details
    Land Near International Falls Airport
    $50,000
    10.00 Acres

    Land Near International Falls Airport

    Two 5-acre lots totaling 10 acres near the airport.

    2Nd Ave E, International Falls, MN 56649
    View details
    Profitable Hobby Store with Apartments
    $375,000
    0.14 Acres

    Profitable Hobby Store with Apartments

    Established hobby store with income-generating apartments in downtown International Falls.

    327 3Rd St, International Falls, MN 56649
    View details
    Forested Land Near County 29
    Contact for pricing
    3.97 Acres

    Forested Land Near County 29

    Undeveloped 3.97-acre lot with easy access in Browerville, MN.

    Tbd County 29, Browerville, MN 56438
    View details
    Orono Acreage in Prime Location
    $579,900
    4.88 Acres

    Orono Acreage in Prime Location

    4.88-acre wooded lot in Orono, excellent new construction potential.

    285 N Old Crystal Bay Rd, Orono, MN 55356
    View details
    Bovey, MN Land for Sale
    $169,000
    15.00 Acres

    Bovey, MN Land for Sale

    15 acres of land near interconnected lakes and forestry land.

    Lot D Tbd County Rd 51, Bovey, MN 55709
    View details
    Bovey, MN Land Near Lakes
    $169,000
    8.60 Acres

    Bovey, MN Land Near Lakes

    8.6 acres near interconnected lakes, suitable for walkout construction.

    Lot B Tbd County Rd 51, Bovey, MN 55709
    View details
    Land with Navigable Lake Access
    $169,000
    12.10 Acres

    Land with Navigable Lake Access

    12.1 acres near Bovey, MN with interconnected lake access.

    Lot C Tbd County Rd 51, Bovey, MN 55709
    View details
    Long Prairie Land for Sale
    $65,000
    15.00 Acres

    Long Prairie Land for Sale

    15 acre lot, prime hunting spot near Long Prairie, MN.

    Xxx County 29, Long Prairie, MN 56347
    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
    Move It Real Estate Group by Lakehomes.com
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