Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3950 Rehbein Rd Duluth, MN 55803

    Sponsored
    For Sale
    $74,900

    Lots & Land - Rice Lake Twp, MN

    Lot size:
    5.00 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 19 at 8:06 pm

    Property Features for 3950 Rehbein Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Single Family
    APN
    520001600710
    Lot size
    5.00 Acres

    Building Details

    Year built
    1930
    Architectural style
    Other

    We can help!

    Listing Contact
    Brian C Marcus
    Brian C Marcus

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Brian C Marcus (952) 829-2900

    Listing date Jan 9, 2026

    MLS# 7006570 Listing URL

    Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    5-Acre Homesite in Rice Lake

    This 5-acre vacant homesite is located in the Rice Lake area. Suited for single-family residential use, the property features metered electrical service already in place. A professional survey has been completed, and the lot is staked. The property includes a tranquil pond view, a cleared front portion suitable for building, and a wooded back section with walking trails. The land is gently rolling and easy to walk. It offers convenient access to amenities, dining, shopping, and recreation in the City of Duluth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Gym & Fitness Pharmacy Electrical Service Electronics Store Cosmetics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.096251
    Latitude
    46.882797

    Nearby Similar for Sale

    • $259,900
      1,660 SF

      Well-Maintained Duplex in Spirit Valley

      Duplex in Duluth with strong layouts and versatile potential.
      4303 Grand Ave, Duluth, MN 55807
      View Details
    • $199,000
      1,718 SF

      Duluth Duplex with Rental License

      Duplex with separate utilities, new roof, and rental license.
      328 S 57Th Ave W, Duluth, MN 55807
      View Details
    • $535,000
      2,172 SF

      Profitable Commercial Space in Duluth

      Turnkey business opportunity with salon and shake shop.
      222 N Central Ave, Duluth, MN 55807
      View Details
    • $187,900
      1,592 SF

      Updated Duplex in Duluth, MN

      Charming up/down duplex with updated features and solid rental potential.
      628 W 3Rd St, Duluth, MN 55806
      View Details
    • $179,900
      788 SF

      Duplex in Spirit Valley, Duluth

      Duplex near trails, ideal for investment or owner-occupancy.
      523 S 72Nd Ave W, Duluth, MN 55807
      View Details
    • $2,925,000
      48,300 SF

      Downtown Duluth Office Building

      Nearly fully occupied office building in downtown Duluth.
      332 W Superior St, Duluth, MN 55802
      View Details
    • $1,775,000
      14,112 SF

      Fully Occupied Mixed-Use Building

      Mixed-use retail/office building in downtown Duluth with parking ramp.
      331 W Superior St, Duluth, MN 55802
      View Details
    • $2,357,000
      15,631 SF

      Two-Tenant Retail in Duluth, MN

      Two-tenant retail property with new 10-year lease in Duluth.
      4615 Grand Ave, Duluth, MN 55807
      View Details
    • $2,357,000
      15,631 SF

      Retail Property in West Duluth

      Retail property in Duluth's West Duluth neighborhood.
      4609-4615 Grand Ave, Duluth, MN 55807
      View Details
    • $450,000
      7,680 SF

      Downtown Duluth Retail/Office Opportunity

      Historic building with exposed brick, high ceilings, and prime location.
      323 W Superior St, Duluth, MN 55802
      View Details
    • $595,000
      2,140 SF

      Lincoln Park Storefront Opportunity

      Storefront with high ceilings, exposed brick, and attached garage.
      1925 W Superior St, Duluth, MN 55812
      View Details
    • $795,000
      13,548 SF

      Turn-Key Restaurant Opportunity

      13,548 SF building suitable for various uses or redevelopment.
      5906 Old Miller Trunk Hwy, Duluth, MN 55811
      View Details

    FAQs

    What type of property is this?
    Land - Serene, private 5-acre lot ready for your dream home.
    Where is this land located?
    The property is located at 3950 Rehbein Rd Duluth, MN.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: - Discover this 5-acre vacant homesite in the desirable Rice Lake area.; - Metered electrical is already in place.; - Professionally surveyed and staked for your convenience.
    (612) 730-2619
    Request Owner's contact information
    3950 Rehbein Rd Duluth, MN 55803
    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.
    3950 Rehbein Rd
    Duluth, MN 55803
    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
    3950 Rehbein Rd Duluth, MN 55803
    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

    We can help!
    Listing Contact
    Brian C Marcus
    Brian C Marcus
    (612) 730-2619
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.