Sign Up Successful!
You now have access to more from Realmo!
    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

    Maple Grv Rd & Joshua Ave Maple Grove, MN

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,495,000

    Prime visible location with potential for various uses.

    Lot size:
    6.00 Acres

    Property Features for Maple Grv Rd & Joshua Ave

    General Information

    Lot size
    6.00 Acres

    We can help!

    Listing Contact
    Greg Follmer
    Greg Follmer
    Source: Moodyscre

    Listing Agent: Greg Follmer

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

    Learn more

    Overview

    Commercial Lot Near Miller Hill

    This commercial lot is located near Miller Hill Mall and is zoned MU-N. The site includes approximately 6+ usable acres. It has potential for residential, multi-family, retail, and service uses. The large land site is in a prime visible location. The parcel drops towards the back but has usable land along Joshua Ave and Maple Grove Rd.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Maple Grove
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4557877
    Latitude
    45.0724642

    Nearby Similar for Sale

    • $270,000
      1,840 SF

      Maple Grove Townhome with Porch

      Three-bedroom townhome in a quiet neighborhood, close to amenities.
      8704 Cottonwood Ln N, Maple Grove, MN 55369
      View Details
    • $245,000
      1,080 SF

      Maple Grove Townhome with Pond

      Convenient Maple Grove townhome with serene pond and walking path views.
      14291 92Nd Ave N, Maple Grove, MN 55369
      View Details
    • $315,000

      Move-In Ready End Unit Home

      One-level living with updated features, close to trails and parks.
      13655 97Th Pl N, Maple Grove, MN 55369
      View Details
    • $339,900
      1,508 SF

      Move-In Ready Two Bedroom Home

      Well-maintained two bedroom home with den and two-stall garage.
      9323 Kimberly Ln N, Maple Grove, MN 55311
      View Details
    • $249,000
      1,408 SF

      Well-Maintained Townhome Near Rice Lake

      Bright, open-concept townhome with updated bathrooms and flexible lower level.
      14350 92Nd Ave N, Maple Grove, MN 55369
      View Details
    • $289,900
      1,550 SF

      Inviting Townhome with Stylish Updates

      Bright 3-level townhome near parks, shopping, and dining.
      17732 Elm Rd N, Maple Grove, MN 55311
      View Details
    • $285,000
      1,482 SF

      End-Unit Townhome in Maple Grove

      Comfortable townhome with screened porch in desirable Maple Grove.
      8326 Oakview Ct N, Maple Grove, MN 55369
      View Details
    • $1,500,000
      8,500 SF

      Maple Grove Freestanding Industrial Building

      Freestanding industrial building in Maple Grove, Minnesota, for sale.
      9781 86Th Ave N, Maple Grove, MN 55369
      View Details
    • $239,900
      1,052 SF

      End-Unit Townhome Near Maple Grove

      Townhome with spacious bedrooms, fireplace, and private patio.
      9516 Kingsview Ln N, Maple Grove, MN 55369
      View Details
    • $1,400,000
      6,750 SF

      Industrial Building with Three Suites

      Small bay industrial building with three suites near Highway 169.
      9664 85Th Ave N, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      75,504 SF

      Maple Grove Warehouse Opportunity

      Up to 75,504 SF available for build to suit.
      Fountains Dr & Zachary Ln, Maple Grove, MN
      View Details
    • $2,700,000
      21,162 SF

      Maple Grove Warehouse For Sale

      21,162 SF warehouse/industrial property in Maple Grove, Minnesota.
      9633 85Th Ave N, Maple Grove, MN 55369
      View Details

    FAQs

    What type of property is this?
    Land - Prime visible location with potential for various uses.
    Where is this land located?
    The property is located at Maple Grv Rd & Joshua Ave Maple Grove, MN.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Prime Visible Location; - 6+ Usable Acres; - Zoned MU-N (Mixed Use - Neighborhood)
    (218) 310-0013
    Request Owner's contact information
    Maple Grv Rd & Joshua Ave Maple Grove, 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.
    Maple Grv Rd & Joshua Ave
    Maple Grove, 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
    Maple Grv Rd & Joshua Ave Maple Grove, 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
    Greg Follmer
    Greg Follmer
    Real Estate License ID: 27078
    (218) 310-0013
    Learn more
    Google sign-in failed. Please try again or use another login method.