Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9650-9712 63 Ave N Maple Grove, MN

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr ($1,267 /Mo)

    1,292 SF retail suite with flexible layout and high visibility.

    Property size:
    1,014 SF
    Lot size:
    1.84 Acres

    Property Features for 9650-9712 63 Ave N

    General Information

    Size
    1,014 SF
    Lot size
    1.84 Acres

    We can help!

    Listing Contact
    Paul Buchmayer
    Source: Moodyscre

    Listing Agent: Paul Buchmayer

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

    Learn more

    Overview

    Retail Suite in Maple Grove

    This 1,292 square foot retail suite offers a flexible layout suitable for service-based or retail businesses. The space features an open front area, multiple private rooms, and a restroom. Previously used as a tattoo parlor, it is potentially suitable for a salon, spa, boutique, or studio. The property benefits from strong traffic, easy access, and ample parking. The property is located in Maple Grove, MN.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Grove
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4557877
    Latitude
    45.0724642

    Nearby Similar for Lease

    • $7 SF/Yr
      4,581 SF

      Maple Grove Flex Space Available

      Turnkey warehouse and office space in Maple Grove, Minnesota.
      10200 73 Ave N, Maple Grove, MN
      View Details
    • Contact for pricing
      2,287 SF

      Prime Maple Grove Medical Space

      Desirable medical space with high visibility and modern amenities.
      7767 Elm Creek Blvd N, Maple Grove, MN 55369
      View Details
    • $2,995 /Mo
      2,360 SF

      Spacious 4-Bed Townhome For Rent

      2019-built 4-bed, 4-bath end unit townhome with finished basement.
      7262 Alvarado Ln N, Maple Grove, MN 55311
      View Details
    • Contact for pricing
      2,309 SF

      Medical Office Space for Lease

      High-quality medical office space with customizable design and professional management.
      16401 101St Ave N, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      197,964 SF

      Maple Grove Industrial Development Opportunity

      State-of-the-art industrial space available Q4 2025 in Maple Grove.
      10675 73Rd Pl N, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      4,736 SF

      Maple Grove Office Space Available

      Prime office space with flexible layout and highway visibility.
      13601 80Th Cir N, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      2,067 SF

      Retail Space in Maple Grove

      Retail space available in well-maintained Maple Grove shopping center.
      9591-9599 Zachary Ln N, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      1,288 SF

      Retail Space in Arbor Lakes

      Retail space available in Maple Grove's popular Arbor Lakes.
      7881-7899 Main St, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      64,146 SF

      Maple Grove Distribution and Warehouse

      State-of-the-art distribution and warehouse space in Maple Grove.
      10901 Fountains Dr, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      81,000 SF

      Arbor Lakes North Office Suites

      Maple Grove Executive Office Space Available
      7900-7950 Arbor Lk Pkwy, Maple Grove, MN 55369
      View Details
    • $45 SF/Yr
      9,000 SF

      New Retail Space in Maple Grove

      Retail property near new townhomes and highway access.
      101st N & Lawndale Ln N, Maple Grove, MN
      View Details
    • Contact for pricing
      8,656 SF

      Retail Space in Maple Grove

      Retail space available for lease in a busy Maple Grove location.
      13151-13159 Weaver Lake Rd, Maple Grove, MN 55369
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,292 SF retail suite with flexible layout and high visibility.
    Where is this retail space located?
    The property is located at 9650-9712 63 Ave N Maple Grove, MN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High-exposure location with strong traffic and easy access.; - Flexible layout suitable for various service-based or retail businesses.; - Move-in-ready condition.
    (612) 269-2096
    Request Owner's contact information
    9650-9712 63 Ave N Maple Grove, MN
    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.
    9650-9712 63 Ave N
    Maple Grove, MN
    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
    9650-9712 63 Ave N Maple Grove, MN
    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

    We can help!
    Listing Contact
    Paul Buchmayer
    (612) 269-2096
    Learn more
    Google sign-in failed. Please try again or use another login method.