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    The Largest CRE Database in the US with Over 1 Million Listings

    7370 County Road 11 NW Alexandria, MN 56308

    Sponsored
    For Sale
    $3,800,000

    Commercial - Carlos Twp, MN

    Lot size:
    105.51 Acres
    Days on Market:
    151
    Last Refresh:
    Feb 4 at 4:06 pm

    Property Features for 7370 County Road 11 NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agriculture,Residential-Single Family
    APN
    120664000
    Parking features
    Other
    Exterior features
    Other
    Lot size
    105.51 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1947
    Architectural style
    Other

    We can help!

    Listing Contact
    Ella Selyukov

    Bridge Realty (952) 368-0021

    Listing agent Ella Selyukov (952) 368-0021

    Listing date Sep 7, 2025

    MLS# 6770955 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

    105-Acre Residential Development Opportunity

    Located at 7370 County Road 11 NW in Alexandria, MN, this 105-acre property offers a residential development opportunity in Minnesota’s lake region. The site includes a remodeled home and a large shed. Infrastructure is already in place, featuring natural gas, buried electricity, fiber-optic internet, city sewer, and cell coverage. Over $150,000 has been invested in extending sewer to the home and throughout the 1,500-foot driveway, with two manholes installed. A preliminary development plan envisions up to 100 buildable residential lots, many with views of Lake Carlos, and includes two planned access roads. Each future home site will have its own well. The property borders Carlos Creek Winery for 1,500 feet and is across from the Lake Carlos public boat landing and lakeshore homes. Lot 1 in the preliminary development plan is almost 2.5 acres and can be used as a boat trailer parking space and fish clearinghouse for the residents. The location is 6.6 miles from downtown Alexandria, positioning it for a residential community that blends lakeshore living and winery adjacency.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Garden Center Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.382288
    Latitude
    45.965842

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    FAQs

    What type of property is this?
    Residential land & home lot - Residentially zoned land with development potential near Lake Carlos.
    Where is this residential land & home lot located?
    The property is located at 7370 County Road 11 NW Alexandria, MN.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - 105-acre residentially zoned development opportunity in a desirable lake region, suitable for up to 100 buildable lots.; - Significant infrastructure already in place: natural gas, buried electricity, fiber-optic internet, city sewer, and strong cell coverage.; - Over $150,000 invested in extending sewer, including a 1,500-foot driveway with two manholes.
    (952) 368-0021
    Request Owner's contact information
    7370 County Road 11 NW Alexandria, MN 56308
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    Alexandria, MN 56308
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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
    7370 County Road 11 NW Alexandria, MN 56308
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    We can help!
    Listing Contact
    Ella Selyukov
    Real Estate License ID: 3501256
    (952) 368-0021
    Learn more
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