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    Highway 10 Commercial Building Title is generated by Realmo AI

    7105 Highway 10 NW, Ramsey, MN 55303

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    Claim this Listing
    For Sale
    Under Contract
    $650,000

    Commercial - Ramsey, MN

    Property size:
    2,586 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $251/SF
    Added:
    Mar 16, 2026
    Days on Market:
    55
    Last Refresh:
    May 9 at 6:06 am

    Property Features for 7105 Highway 10 NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Parking Lot
    Exterior features
    Wood
    Standard status
    Active Under Contract
    APN
    343225220001
    Size
    2,586 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    8284.84

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1997
    Flooring type
    Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Amber Lange
    Amber Lange

    Listing agent Amber Lange

    Listing office Keller Williams Classic Realty Northwest 10402 73rd Ave N, Maple Grove, MN

    Listing date Mar 16, 2026

    MLS# 7038441 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.

    HighLights

    • Highly visible location directly on Highway 10
    • Zoned B‑2, allowing for a wide range of commercial and auto uses
    • Functional layout configured for auto service and sales, with potential for two separate businesses or a combined operation
    • Four drive‑in doors (two 12 ft, one 14 ft, one 10 ft) and 15’ clear height
    • Recent interior renovations (2023) including new paint, flooring, heaters, fluid station, bathroom, and mezzanine break room
    • Recent exterior improvements including building repainting and parking lot repairs with new asphalt and striping; lot holds 35‑40 cars with city approval for 25‑27 vehicles for sale

    Overview

    This 2,586 SF commercial building is located directly on Highway 10 and is zoned B-2, allowing for a wide range of commercial and auto uses. Currently configured for an auto service and sales operation, this property presents an investment or owner-user opportunity. The functional layout includes four drive-in doors and a welcoming lobby and sales office area. The shop and dealership are currently separate and could continue to run as two businesses or could be combined. The property features 15’ clear height. The shop offers flexibility with a large two-bay area accessed by two 12 ft. overhead doors, a separate service bay with a 14 ft. door, and a dedicated dealership bay with a 10 ft. door. Interior renovations in 2023 include new paint and flooring, new heaters, a new fluid station, an updated bathroom, and a mezzanine break room. Exterior improvements include a full building repainting and recent parking lot repairs with new asphalt and striping completed to city standards. The lot holds around 35-40 cars. The city has approved 25-27 vehicles on the lot for sales. Convenient access via a new service road, this property offers an excellent presence on a major commercial corridor. The property is located in Ramsey, MN, and is situated on a 0.5-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Building Supply Spa & Massage Center Big Box & Wholesale Store Garden Center Daycare Center Computer & Electronic Repair Plumbing Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ramsey
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.4325
    Latitude
    45.2924

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    FAQs

    What type of property is this?
    Automotive property - 2,586 SF commercial building on Highway 10 in Ramsey, MN.
    Where is this automotive property located?
    The property is located at 7105 Highway 10 NW Ramsey, MN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Highly visible location directly on Highway 10; Zoned B‑2, allowing for a wide range of commercial and auto uses; Functional layout configured for auto service and sales, with potential for two separate businesses or a combined operation
    (763) 226-7911
    We can help!
    Listing Contact
    Amber Lange
    Amber Lange
    Real Estate License ID: 40077597,20559149
    Learn More
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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
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