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

    7979 Sunwood Drive NW Ramsey, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with development potential near Northstar Commuter Rail.

    Type:LAND
    Lot size:
    3.87 Acres
    Added:
    Apr 14, 2025
    Days on Market:
    380
    Last Refresh:
    Apr 5 at 8:51 pm

    Property Features for 7979 Sunwood Drive NW

    General Information

    Standard status
    Active
    Lot size
    3.87 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Brian Pankratz

    Listing agent Brian Pankratz

    Listing office CBRE - Minnesota

    Listing date Apr 14, 2025

    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 CBRE - Minnesota

    Overview

    Land Near Commuter Rail Station

    This commercial land offers a location suitable for retail, restaurant, medical office, or hospitality purposes. The property is adjacent to the Northstar Commuter Rail Station and provides immediate access to Sunwood Dr, Ramsey Parkway, and Zeolite St. Zoned COR, the district allows for potential uses including retail, hospitality, office, and medical office. The area is part of Anoka-Hennepin ISD #11. The location benefits from strong demographics and a robust daytime population. The site is part of a walkable community with close proximity to schools, parks, and retail options. Over 1,000 residential units have been recently constructed, are under construction, or are planned within 3 miles of the site. Additionally, over 1,000,000 SF of industrial/manufacturing space has been recently completed, is under construction, or is planned in the vicinity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Spa & Massage Center Big Box & Wholesale Store Garden Center Daycare Center Computer & Electronic Repair Plumbing Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store

    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

    • $1,800,000

      Mixed-Use Building on Highway 10

      Mixed-use property with warehouse, showroom, and remodeled office space.
      8175 Riverdale Drive NW, Ramsey, MN 55303
      View Details
    • $650,000

      Highway 10 Commercial Building

      2,586 SF commercial building on Highway 10 in Ramsey, MN.
      7105 Highway 10 NW, Ramsey, MN 55303
      View Details
    • $159,900

      Ramsey Land Opportunity

      Land available for custom home construction in Brookside Terrace.
      5845 151st Lane NW, Ramsey, MN 55303
      View Details
    • $159,900

      Ramsey Land Opportunity

      Land available in Ramsey, close to Hwy 10 and amenities.
      5859 151st Lane NW, Ramsey, MN 55303
      View Details
    • $159,900

      Ramsey Land Opportunity

      Land available in Ramsey, close to amenities and highway access.
      5831 151st Lane NW, Ramsey, MN 55303
      View Details
    • $159,900

      Ramsey Land Opportunity

      Land available in Ramsey, close to Hwy 10 and amenities.
      5901 151st Lane NW, Ramsey, MN 55303
      View Details
    • $148,900

      Ramsey Land Opportunity

      Land available in Ramsey, close to amenities and transport.
      5803 151st Lane NW, Ramsey, MN 55303
      View Details
    • $253,000

      Ramsey, MN Wooded Lots

      Spacious wooded lots in Ramsey, MN, no HOA.
      8158 181st Avenue NW, Ramsey, MN 55303
      View Details
    • $380,000

      Ramsey Land Investment Opportunity

      Land for future development in Ramsey, Minnesota.
      14xxx Sunfish Lake Boulevard NW, Ramsey, MN 55303
      View Details
    • $253,000

      Ramsey, MN Wooded Lots

      Spacious 2.5+ acre wooded lots in Ramsey, MN.
      8022 181st Avenue NW, Ramsey, MN 55303
      View Details
    • $223,000

      Ramsey, MN Wooded Lots

      Spacious 2.5+ acre wooded lots in Ramsey, MN.
      8090 181st Avenue NW, Ramsey, MN 55303
      View Details
    • $253,000

      Ramsey, MN Wooded Lots

      Spacious wooded lots for building a dream home.
      7954 181st Avenue NW, Ramsey, MN 55303
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with development potential near Northstar Commuter Rail.
    Where is this commercial land located?
    The property is located at 7979 Sunwood Drive NW Ramsey, MN.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Immediate access to Sunwood Dr, Ramsey Parkway, and Zeolite St; Adjacent to Northstar Commuter Rail Station; Zoned COR: Potential uses include retail, hospitality, office, medical office
    (952) 924-4665 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Pankratz
    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!