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

    1400 Armstrong Blvd NW Ramsey, MN

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6.61 acres of commercial land for sale in Ramsey, MN.

    Lot size:
    6.63 Acres

    Property Features for 1400 Armstrong Blvd NW

    General Information

    Lot size
    6.63 Acres

    We can help!

    Listing Contact
    Jonathan Juris
    Jonathan Juris
    Source: Moodyscre

    Listing Agent: Jonathan Juris

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

    Learn more

    Overview

    Ramsey Commercial Land Opportunity

    This property offers approximately 6.61 acres of land, consisting of two parcels measuring 5.27 acres and 1.34 acres respectively. The land is divisible to approximately 3 acres. Zoned B-3 Business District, the property is suitable for commercial or industrial use. The combined taxes for 2022 were $20,374.86. The property's PIDs are 29-32-25-11-0011 and 29-32-25-11-0007. The square footage is approximately 288,802 SF. The price is negotiable.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Spa & Massage Wholesale Shop Garden Center Daycare Center Computer & Electronic Repair Plumbing Service Carpet & Flooring Store Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ramsey
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.4325
    Latitude
    45.2924

    Nearby Similar for Sale

    • $3,299,900
      31,716 SF

      Industrial Building with Office Space

      31,716 SF building with warehouse and office space.
      6451 140Th Ct NW, Ramsey, MN
      View Details
    • $2,550,000
      19,870 SF

      Industrial Property with Crane Access

      Industrial facility featuring cranes, new roof, and geothermal efficiency.
      6220 Mckinley St NW, Ramsey, MN
      View Details
    • $1,410,000
      28,140 SF

      Hwy 10 Multi-Purpose Site

      18,000 SF cold storage with two 4,500 SF offices.
      6701 Highway 10 NW, Ramsey, MN
      View Details
    • $5,975,000
      60,540 SF

      60,540 SF Ramsey Warehouse

      60,540 SF warehouse with mezzanine office and highway access.
      6190 Mckinley St NW, Ramsey, MN
      View Details
    • $310,000

      Parking Lot on US Hwy

      0.62 acre parking lot with highway visibility.
      6131 Highway 10 W, Ramsey, MN
      View Details
    • Contact for pricing
      29,520 SF

      Retail Building in Ramsey, MN

      29,605 SF retail building available for sale in Ramsey, MN.
      5900 167 Ave NW, Ramsey, MN
      View Details
    • $6,375,000
      60,540 SF

      Ramsey Office Building - 60K SF

      Prime Ramsey office space, 4.38 acres. Excellent investment opportunity.
      6190 Mckinley St, Ramsey, MN 55303
      View Details
    • Contact for pricing
      500 SF

      Ramsey Office Space - 5 Acres

      Prime Office Space, 5 Acres, $500/month.
      5904 167Th Ave, Ramsey, MN 55303
      View Details

    FAQs

    What type of property is this?
    Land - 6.61 acres of commercial land for sale in Ramsey, MN.
    Where is this land located?
    The property is located at 1400 Armstrong Blvd NW Ramsey, MN.
    What are key features of this property?
    This property features: - Large Acreage: 6.61 +/- acres across two parcels.; - Substantial Square Footage: +/-288,802 SF available.; - Favorable Zoning: B-3 Business District suitable for Commercial/Industrial use.
    (612) 597-6701
    Request Owner's contact information
    1400 Armstrong Blvd NW Ramsey, 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.
    1400 Armstrong Blvd NW
    Ramsey, 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
    1400 Armstrong Blvd NW Ramsey, 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
    Jonathan Juris
    Jonathan Juris
    (612) 597-6701
    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.