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    30727 241st Avenue Browerville, MN 56438

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    For Sale
    $2,950,000

    Unique truck wash business with high visibility and acreage.

    Type:General Commercial
    Property size:
    7,008 SF
    Lot size:
    63.95 Acres
    Price / SF:
    $420/SF
    Added:
    Jul 24, 2024
    Days on Market:
    640
    Last Refresh:
    Apr 1 at 8:35 pm

    Property Features for 30727 241st Avenue

    General Information

    Standard status
    Active
    Size
    7,008 SF
    Lot size
    63.95 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Jeremy Miller

    Listing agent Jeremy Miller

    Listing office Edina Realty, Inc.

    Listing date Jul 24, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty, Inc.

    Overview

    Highway 71 Truck Wash Opportunity

    This property presents a unique business opportunity in Browerville, MN, situated off Highway 71, benefiting from high visibility and daily traffic. Big Boyz Truck Wash features large wash bays suitable for various truck sizes. It is the only truck wash in the area offering full washout of manure and animal waste, making it a popular location for truckers needing to clean their trucks and trailers. The main truck wash space measures 60x104 and includes two truck wash bays. The building also provides an office, waiting area, a full bath and shower setup, and an equipment and utility room. Additionally, the property includes a 50x100 pole building for storage, ample truck and trailer parking, and easy access. The combined parcel size is 63.95 acres. The waste from the truck and trailer wash is pumped into tanker trailers and disposed of at a 58-acre site located a few minutes away. Included in the sale are a Skid Steer, Tanker Trailer, an extra pump, extra garage door panels, and miscellaneous inventory. The property size is 7008 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Boys Truck ... Car Wash

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Bar & Pub Discount Store Electrical Service Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Browerville
    County
    Todd
    State
    Minnesota
    Longitude
    -94.8660883
    Latitude
    46.074292

    FAQs

    What type of property is this?
    Truck stop - Unique truck wash business with high visibility and acreage.
    Where is this truck stop located?
    The property is located at 30727 241st Avenue Browerville, MN.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Unique truck wash business opportunity with high visibility off Highway 71.; Only truck wash in the area offering full manure/animal waste washout.; Massive 60x104 main truck wash space with two bays, office, waiting area, and full bath/shower.
    (218) 828-7000
    We can help!
    Listing Contact
    Jeremy Miller
    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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