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

    312 24Th Ave SW Willmar, MN 56201

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    14,000 square foot industrial warehouse available for purchase.

    Property size:
    14,000 SF
    Lot size:
    0.46 Acres

    Property Features for 312 24Th Ave SW

    General Information

    Size
    14,000 SF
    Lot size
    0.46 Acres

    We can help!

    Listing Contact
    Justin Paffrath
    Justin Paffrath
    Source: Moodyscre

    Listing Agent: Justin Paffrath

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

    Learn more

    Property Insight Report

    Overview

    Industrial Warehouse Space For Sale

    This industrial property features a 14,000 square foot warehouse. The property is located in Willmar, Minnesota.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tax Identity Theft ... Consultant Western Union Money Transfer Service Bennett Office Technologies Computer Support And Services Coordinated Business Systems Office Equipment Supplier Lockman Security Locksmith

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Willmar
    County
    Kandiyohi
    State
    Minnesota
    Longitude
    -95.0438089
    Latitude
    45.0994177

    Nearby Similar for Sale

    • $625,000
      5.03 Acres

      Former Shelter Care Facility

      Well-maintained commercial property near Willmar, MN, with versatile business potential.
      3619 15Th Ave SW, Willmar, MN 56201
      View Details
    • Contact for pricing
      1.47 Acres

      Move-in-Ready Office Space Available

      Spacious office space with shared amenities in premium location.
      2320 Highway 12 E, Willmar, MN 56201
      View Details
    • Contact for pricing
      0.69 Acres

      High Exposure Office Suite

      Office suite with flexible space and highway signage available.
      222-2 20Th St SE, Willmar, MN 56201
      View Details
    • $325,000

      Versatile Commercial Property, Willmar, MN

      Flexible commercial space suitable for various business types in Willmar.
      1001 Highway 12 E, Willmar, MN 56201
      View Details
    • Contact for pricing
      0.28 Acres

      Commercial Space in Willmar, MN

      Commercial space available in a prime location in Willmar.
      716 1St St S, Willmar, MN 56201
      View Details
    • $100,000
      0.19 Acres

      Versatile Commercial Property in Willmar

      Unique commercial property with cold storage and heated warehouse space.
      1705 2Nd Ave SE, Willmar, MN 56201
      View Details
    • $1,199,999
      25,712 SF

      Historic Office Building, Willmar

      25,712 sf office building in downtown Willmar for sale.
      302 5Th St SW, Willmar, MN 56201
      View Details
    • $700,000
      4,600 SF

      Prime Automotive Shop on Corner Lot

      4,600 SF auto shop on 0.61 acre corner lot.
      104 Litchfield Ave SE, Willmar, MN 56201
      View Details
    • $232,000
      1,292 SF

      Charming Twin Home with Updates

      Well-maintained 2 bed, 2 bath home with sunroom and updates.
      2705 6Th St SW, Willmar, MN 56201
      View Details
    • $1,499,999
      18,680 SF

      Willmar Automotive and Retail Property

      18,680 SF property on 3.04 acres in Willmar, MN.
      1418 1St St S, Willmar, MN 56201
      View Details
    • $345,000
      5,800 SF

      Retail Property in Willmar, MN

      Retail property available for sale in Willmar, Minnesota.
      916 Litchfield Ave SW, Willmar, MN 56201
      View Details
    • $595,000
      15,702 SF

      Willmar Office Building For Sale

      Office building with 15702 square feet of space.
      1405 Us 12, Willmar, MN
      View Details

    FAQs

    What type of property is this?
    Industrial property - 14,000 square foot industrial warehouse available for purchase.
    Where is this industrial property located?
    The property is located at 312 24Th Ave SW Willmar, MN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - 14,000 square foot industrial warehouse
    (320) 491-9035
    Request Owner's contact information
    312 24Th Ave SW Willmar, MN 56201
    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.
    312 24Th Ave SW
    Willmar, MN 56201
    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
    312 24Th Ave SW Willmar, MN 56201
    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
    Justin Paffrath
    Justin Paffrath
    (320) 491-9035
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.