Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near St. Cloud Title is generated by Realmo AI

    1501 Northway Dr, MN

    Claim this Listing
    For Lease
    Contact for pricing

    Retail space with high visibility and ample parking.

    Type:RETAIL
    Property size:
    2,096 SF
    Lot size:
    1.92 Acres
    Added:
    Oct 12, 2020
    Days on Market:
    2054
    Last Refresh:
    May 20 at 8:33 pm

    Property Features for 1501 Northway Dr

    General Information

    Standard status
    Active
    Size
    2,096 SF
    Lot size
    1.92 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1501 Northway Dr Contact us

    We can help!

    Listing Contact
    Anthony Passanante
    Anthony Passanante

    Listing agent Anthony Passanante

    Listing office Suntide Commercial Realty, Inc.

    Listing date Oct 12, 2020

    Source Moodyscre

    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 Suntide Commercial Realty, Inc.

    HighLights

    • Highly visible signage and vibrant tenant mix
    • Ample off‑street parking for visitors and staff
    • High traffic volume: Over 12,600 VPD along Northway Dr and 6,000 VPD along 15th St N
    • Close proximity to St. Cloud Technical and Community College, North Jr High School, YMCA, Whitney Sports Complex, and St Cloud Hospital Campus
    • One (1) Drive‑in Door with Storage/Warehouse Area
    • Suites can be combined

    Overview

    Located at Northway Dr and 15th St N, Northway Court Center offers retail space with highly visible signage. The property benefits from consistent foot traffic and a vibrant tenant mix, including Speedway and Subway. The mixed-use center features a common area courtyard and ample off-street parking for visitors and staff. One suite includes a drive-in door with storage and warehouse area. The location is near St. Cloud Technical and Community College, North Jr High School, YMCA, Whitney Sports Complex, and St Cloud Hospital Campus. Over 12,600 vehicles per day pass along Northway Dr and 6,000 vehicles per day along 15th St N. Suites can be combined to accommodate various needs. The property size is 2,096 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Bike Repair Station — North Mankato, MN 56003

    Nearby Similar for Lease

    • $13 SF/Yr
      4,101 SF

      St. Cloud Class B Office

      Well-maintained office building with remodeled common areas and suites.
      4140 Thielman Ln, St Cloud, MN
      View Details
    • $21 SF/Yr
      3,846 SF

      St Paul Office Space Available

      Office space with easy access to transportation and amenities.
      450 N Syndicate St, St Paul, MN
      View Details
    • $22 SF/Yr
      1,421 SF

      Charming Historic Retail Space

      Remodeled retail space in Lowertown St. Paul with modern amenities.
      201-209 4th St E, St Paul, MN
      View Details
    • $12 SF/Yr
      2,571 SF

      Historic Brick-and-Timber Office Space

      Office space with modern infrastructure and historic features for rent.
      1295 Bandana Blvd N, St Paul, MN
      View Details
    • $13 SF/Yr
      980 SF

      St. Cloud Professional Office Space

      Professional office building in St. Cloud with flexible layouts.
      600 S 25th Ave, St Cloud, MN
      View Details
    • $18 SF/Yr
      2,362 SF

      St Paul Office Space Available

      Office space for rent with parking, amenities, and transit access.
      2550 University Ave W, St Paul, MN
      View Details
    • $16 SF/Yr
      2,166 SF

      Corner Office Space Available

      Office space with high visibility and shared parking.
      3700 W Division St, St Cloud, MN
      View Details
    • $18 SF/Yr
      5,500 SF

      Lowertown St. Paul Office Space

      Six-story, 146,600 SF building with flexible suites available for rent.
      287 6th St E, St Paul, MN
      View Details
    • $12 SF/Yr
      345 SF

      Downtown St Cloud Corner Location

      Prime corner location in downtown St Cloud with high traffic.
      25 7th Ave S, St Cloud, MN
      View Details
    • $48 SF/Yr
      1,685 SF

      Retail Space with Street Exposure

      Retail suite featuring hardwood floors, fireplace, and street exposure.
      2232-2238 Como Ave, St Paul, MN
      View Details
    • $10 SF/Yr
      2,634 SF

      Historic Office Building with Parking

      Renovated office spaces in St. Paul's vibrant commercial corridor.
      165 N Western Ave, St Paul, MN
      View Details
    • $21 SF/Yr
      5,356 SF

      St. Paul Office Space Available

      Office space with ample parking and public transportation access.
      800 Minnehaha Ave E, St Paul, MN
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with high visibility and ample parking.
    Where is this shopping center located?
    The property is located at 1501 Northway Dr MN.
    What are key features of this property?
    This property features: Highly visible signage and vibrant tenant mix; Ample off‑street parking for visitors and staff; High traffic volume: Over 12,600 VPD along Northway Dr and 6,000 VPD along 15th St N
    (218) 329-0953 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anthony Passanante
    Anthony Passanante
    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

    Thank You for Inquiry
    1501 Northway Dr, St Cloud, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!