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

    Xxx Commerce Boulevard Rogers, MN 55374

    View on Map
    Pending
    $627,724

    Lots & Land - Rogers, MN

    Lot size:
    3.47 Acres
    Added:
    Feb 6, 2023
    Days on Market:
    1150
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for Xxx Commerce Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Business/Commercial,Industrial
    Standard status
    Pending
    APN
    2312023110016
    Lot size
    3.47 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    17054.22

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    William J. Christian

    Listing agent William J. Christian

    Listing office Keller Williams Integrity NW 16201 90th Street NE, Otsego, MN

    Listing date Feb 6, 2023

    MLS# 6329944 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

    Rogers Land Parcel Near I-94

    This 3.47-acre land parcel is located in Rogers, Minnesota, offering an excellent location with visibility from I-94. The property is zoned for Business/Commercial and Industrial use. Situated near Cabela's and across the street from Northern Tool, Harbor Freight, and Salvation Army, the site benefits from its proximity to established businesses and high-traffic areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rogers
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.5822
    Latitude
    45.1744

    Nearby Similar for Sale

    • $19

      Retail Suite in Prime Location

      4,043 SF retail suite available in January 2026.
      13635 Northdale Boulevard, Rogers, MN 55374
      View Details
    • $400,000

      Acreage Lots Near Sylvan Lake

      Acreage lots in Rogers, ready for your new home!
      26235 Sylvan Lake Road, Rogers, MN 55374
      View Details
    • $310,000

      Residential Land in Executive Neighborhood

      2.5-acre parcel in Rogers, ready for your dream home.
      23368 Saddle Ridge Drive, Rogers, MN 55374
      View Details
    • $275,000

      Rogers, MN Lakefront Residential Lots

      Acreage residential lots near Crow-Hassan Park Reserve, completed November 2024.
      26265 Sylvan Lake Road, Rogers, MN 55374
      View Details
    • $729,000

      Industrial Property with Expansion Potential

      Industrial property in Rogers, MN with expansion and redevelopment opportunities.
      19520 County Road 81, Rogers, MN 55311
      View Details
    • $878,365

      Rogers, MN Land Parcel

      4.03 acre land parcel for sale in Rogers, MN.
      Commerce Blvd, Rogers, MN
      View Details
    • $2,975,000
      5,193 SF

      Retail Property with National Tenants

      Retail property with national tenants and high visibility.
      13135 Main St, Rogers, MN
      View Details
    • $2,975,000
      5,193 SF

      Multi-Tenant Retail Property in Rogers

      Retail property with national tenants, located in Rogers, MN.
      13135 Main St, Rogers, MN 55374
      View Details
    • Contact for pricing

      Land For Sale Rogers, MN

      Land available for sale in Rogers, Minnesota.
      Brockton Ln N & S Diamond Lake Rd, Rogers, MN
      View Details
    • Contact for pricing

      Rogers Commercial Development Opportunity

      1.31 acre infill parcel in Rogers, Minnesota.
      136th Ave N & Rogers Dr, Rogers, MN
      View Details
    • $685,000

      1.01 Acre Outlot For Sale

      1.01 acre outlot anchored by CVS Pharmacy.
      21351 John Milless Dr, Rogers, MN
      View Details
    • Contact for pricing

      Land Available Near Retailers

      Land for sale near Cub Foods, Rogers Theater, and Target.
      Commerce Blvd & 135th Ave N, Rogers, MN
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.47 acre commercial/industrial land parcel with I-94 visibility.
    Where is this commercial land located?
    The property is located at Xxx Commerce Boulevard Rogers, MN.
    What is the asking price?
    The asking price for this property is $627,724.
    What are key features of this property?
    This property features: Excellent Rogers location right off I‑94.; High visibility from I‑94.; Located near Cabela's.
    (763) 360-5008
    We can help!
    Listing Contact
    William J. Christian
    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!