Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12101 Forest Blvd MN

    For Sale
    Contact for pricing

    2.924 buildable acres at the corner of Hwy. 61.

    Type:LAND
    Lot size:
    2.92 Acres
    Added:
    Apr 15, 2021
    Days on Market:
    1817
    Last Refresh:
    Apr 1 at 9:26 pm

    Property Features for 12101 Forest Blvd

    General Information

    Standard status
    Active
    Lot size
    2.92 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jeff D Nordness

    Listing agent Jeff D Nordness

    Listing office Essence Real Estate Services Inc.

    Listing date Apr 15, 2021

    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 Essence Real Estate Services Inc.

    Overview

    2.924 Acres Buildable Land

    This property features 2.924 buildable acres situated at the corner of Highway 61 and County J (120th St N). The location benefits from a high traffic count on Highway 61. It is suitable for retail, restaurant, senior living, medical, office, or service-oriented businesses.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Nearby Similar for Sale

    • $524,900
      7,664 SF

      St. Cloud Office Space Available

      Single-story office building with multiple private offices for lease.
      1903 4th St N, St Cloud, MN
      View Details
    • $1,200,000
      7,800 SF

      St. Cloud Commercial Building

      7,800 SF commercial building in high-visibility St. Cloud location.
      30 25th Ave S, St Cloud, MN
      View Details
    • $749,000
      3,624 SF

      Downtown St. Cloud Commercial Space

      1,854 SF commercial space in the heart of downtown.
      505 St Germain St, St Cloud, MN
      View Details
    • $866,000
      3,368 SF

      Historic Grand Avenue Office Mansion

      3,146 SF historic mansion on Grand Avenue for sale.
      1033 Grand Ave, St. Paul, MN
      View Details
    • $275,000
      2,160 SF

      High-Visibility Mixed-Use Corner Property

      Mixed-use property in active commercial corridor near downtown Saint Paul.
      829 7th St E, St Paul, MN
      View Details
    • $3,371,872
      5,222 SF

      BMO Bank Legacy Asset

      Rare legacy asset with drive-thru in desirable Highland Park.
      522 Snelling Ave S, St Paul, MN
      View Details
    • $1,120,000
      7,926 SF

      St Paul Office Building For Sale

      7,926 SF office building with elevator and parking.
      1032 7th St W, St Paul, MN
      View Details
    • $625,000
      1,987 SF

      Turnkey Hair Salon Opportunity

      Established hair salon business and building for sale.
      321 Central Ave E, St. Michael, MN
      View Details
    • $249,900
      2,532 SF

      Renovated Office Space For Sale

      Street-level office space with renovated buildout and excellent signage.
      519-523 Jackson St, St Paul, MN
      View Details
    • $7,999,999
      77,434 SF

      St. Cloud Net Leased Property

      Single tenant net leased property in St. Cloud, Minnesota.
      4510 Heatherwood Rd, St Cloud, MN
      View Details
    • $425,000
      5,600 SF

      Retail Building Near Allianz Field

      Retail property with fenced parking, basement, and billboard income.
      1679-1681 University Ave W, St Paul, MN
      View Details
    • $1,495,000
      12,156 SF

      Retail Property on Payne Avenue

      Retail property available for sale on Payne Avenue.
      883 Payne Ave, St Paul, MN
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.924 buildable acres at the corner of Hwy. 61.
    Where is this commercial land located?
    The property is located at 12101 Forest Blvd MN.
    What are key features of this property?
    This property features: 2.924 buildable acres; Corner lot location; High traffic count on Hwy. 61
    (651) 341-5044 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff D Nordness
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!