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    408 4Th St Moose Lake, MN 55767

    Sponsored
    For Sale
    $225,000

    Commercial - Moose Lake, MN

    Lot size:
    0.09 Acres
    Days on Market:
    87
    Last Refresh:
    Feb 12 at 2:06 pm

    Property Features for 408 4Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    210109750
    Parking features
    Driveway
    Exterior features
    Block, Brick/Stone
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Block, Brick, Concrete, Frame
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Noelle Nielsen
    Noelle Nielsen

    Real Broker LLC (612) 600-6000

    Listing agent Noelle Nielsen (612) 600-6000

    Listing date Nov 18, 2025

    MLS# 6811064 Listing URL

    Copyright © 2026 Northstar MLS. 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

    Updated Office Condo in Moose Lake

    This 1,320-square-foot office condo is located in a visible spot next to the DMV in Moose Lake. The interior features upgrades, commercial-grade luxury carpet, and luxury vinyl flooring. The layout includes a welcoming lobby area, a large conference room, open work zones, and a private office. A compact kitchenette area provides counter space, cabinetry, and room for a fridge or microwave. There is on-site parking with access from main roads. The location is close to daily conveniences and provides access to the highway. The property is suited for a service provider, solo practitioner, remote team hub, or expanding local brand. The property has new paint throughout (2025).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carlton County Abstract ... Title Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Moose Lake
    County
    Carlton
    State
    Minnesota
    Longitude
    -92.761056
    Latitude
    46.453597

    Nearby Similar for Sale

    • $1,450,000
      3.37 Acres

      Route 61 Lounge and Bowling

      Well-known bar and bowling alley with growth potential.
      4654 County Highway 61, Moose Lake, MN 55767
      View Details
    • Contact for pricing
      10,660 SF

      Moose Lake Industrial Property

      Industrial property available for sale in Moose Lake, Minnesota.
      621 Industrial Rd, Moose Lake, MN 55767
      View Details

    FAQs

    What type of property is this?
    Office space - Updated 1,320 SF office condo in a visible location.
    Where is this office space located?
    The property is located at 408 4Th St Moose Lake, MN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Highly visible location next to the DMV in Moose Lake, offering excellent exposure for your business.; - Recently updated 1,320 sq ft office condo with modern, professional interiors, including new commercial-grade luxury carpet and vinyl flooring.; - Functional layout featuring a welcoming lobby, large conference room, open work zones, and a private office retreat.
    (651) 494-7935
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    408 4Th St Moose Lake, MN 55767
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    Moose Lake, MN 55767
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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
    408 4Th St Moose Lake, MN 55767
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    We can help!
    Listing Contact
    Noelle Nielsen
    Noelle Nielsen
    (651) 494-7935 (612) 600-6000 (855) 450-0442
    Learn more
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