Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9612 65th Street NE Otsego, MN 55301

    View on Map
    For Sale
    $5,575,000

    Lots & Land - Otsego, MN

    Lot size:
    49.39 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    198
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 9612 65th Street NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture,Industrial
    Standard status
    Active
    APN
    118353001020
    Lot size
    49.39 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    8132

    Building Details

    Year built
    1980
    Architectural style
    Other

    We can help!

    Listing Contact
    Daniel D Kreps

    Listing agent Daniel D Kreps

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

    Listing date Sep 16, 2025

    MLS# 6789961 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.

    Overview

    Rare Industrial Land with Visibility

    This property features approximately 49.39 acres of land with Interstate 94 visibility and convenient access. It also has frontage on both a BNSF railroad and a 9-ton road. The property has potential for a railroad spur and is adjacent to a major cement supplier. Two rental homes are currently on the property and will be available until development occurs. The revised 2024 future land use designation is Industrial. The location benefits from high visibility and substantial daily traffic, with approximately 65,000 vehicles per day on I-94 and 10,000 vehicles per day on County Road 37. The property is located in Otsego, Minnesota. The zoning is designated for Agriculture and Industrial use. The 9-ton road frontage includes 3-phase power.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Hair Salon Gym & Fitness Center Accounting Firm Storage Facility Bar & Pub Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Otsego
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.6916463
    Latitude
    45.2470852

    Nearby Similar for Sale

    • $600,000

      Highway 101 Frontage Land Opportunity

      5-acre lot with Highway 101 frontage, development potential.
      16197 65th Street NE, Otsego, MN 55330
      View Details
    • $2,199,000

      New Construction Industrial Building Available

      New industrial building in I-94 West Industrial Park for sale.
      9781 71st Street NE, Otsego, MN 55330
      View Details
    • $2,000

      New Flex-Use Commercial Garage Suites

      New construction flex-use commercial garage suites available March 2026.
      9781 71st Street, Otsego, MN 55301
      View Details
    • $150,000

      Residential Land in Otsego, MN

      Residential land available in Otsego, Minnesota.
      7864 Oday Avenue NE, Otsego, MN 55330
      View Details
    • $358,900
      1,200 SF

      Otsego Warehouse with Insulated Interior

      1,200 SF warehouse featuring steel-lined, insulated interior and modern amenities.
      7060 Kadler Ave NE, Otsego, MN
      View Details
    • $319,900

      Two-Acre Commercial Land in Otsego

      Two-acre commercial land in fast-growing Otsego, prime for development.
      Xxx Quaday Ave Ne, Otsego, MN 55330
      View Details
    • $150,000

      Mississippi Riverfront Land Parcel

      Rare 0.97 acre riverfront lot with mature trees.
      Xxx Parrish Avenue NE, Otsego, MN 55330
      View Details
    • $995,000

      Commercial Land in Central Otsego

      1.78 acre commercial land with high-visibility in Otsego, MN.
      Xxx 90th Street, Otsego, MN 55330
      View Details
    • $600,000

      Highway 101 Commercial Land Opportunity

      5-acre lot with 417 feet of frontage on Highway 101.
      16197 65th St NE, Otsego, MN 55330
      View Details
    • $1,850,000

      Commercial Land on Highway 101

      25 acres of commercial land with highway and river frontage.
      Xxx Parrish Avenue NE, Otsego, MN 55330
      View Details
    • Contact for pricing

      Commercial Land with Flexible Zoning

      Land with city utilities and flexible zoning for various uses.
      10388 70th St NE, Otsego, MN
      View Details
    • Contact for pricing

      Otsego Land with Development Potential

      Land available in Otsego, MN, with development opportunities.
      9400 65th St NE, Otsego, MN
      View Details

    FAQs

    What type of property is this?
    Industrial land - 50 acres with I-94 visibility and BNSF railroad frontage.
    Where is this industrial land located?
    The property is located at 9612 65th Street NE Otsego, MN.
    What is the asking price?
    The asking price for this property is $5,575,000.
    What are key features of this property?
    This property features: 1.50 Acres with I‑94 Visibility and Easy Access; BNSF Railroad Frontage with Spur Potential; Revised 2024 Future Land Use is Industrial
    (612) 282-3173
    We can help!
    Listing Contact
    Daniel D Kreps
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!