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

    7990 Sunwood Dr NW Anoka, MN 55303

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Pad site available for ground lease, build to suit, or sale.

    Lot size:
    0.50 Acres

    Property Features for 7990 Sunwood Dr NW

    General Information

    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Jeremy Grittner
    Jeremy Grittner
    Source: Moodyscre

    Listing Agency: JLL Listing Agent: Jeremy Grittner

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

    Learn more

    Property Insight Report

    Overview

    Commercial Pad Site Opportunity

    This commercial pad site offers opportunities for ground lease, build-to-suit, or sale. Drive-throughs are allowed and have been approved. The site is anchored by Coborn’s and Aldi, providing established customer traffic. Convenient access is available off Highway 10.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Hair Salon Spa & Massage Center Restaurant Nail Salon Law Firm Big Box & Wholesale Store Department Store Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Anoka
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.4696744
    Latitude
    45.2363798

    Nearby Similar for Sale

    • Contact for pricing
      1,249 SF

      Class A Office Building Suite

      1249 RSF office suite with private entrance available for sale.
      2850 Cutters Grove Ave, Anoka, MN 55303
      View Details
    • Contact for pricing

      Anoka Shopping Center Retail Suites

      Retail suites available in established Anoka shopping center.
      500 West Main St, Anoka, MN 55303
      View Details
    • $1,100,000
      9,619 SF

      Anoka Office Building on River

      Amenity-rich office headquarters in historic Anoka overlooking Rum River.
      2040 N Ferry St, Anoka, MN 55303
      View Details
    • Contact for pricing
      45,840 SF

      Anoka Warehouse with Excess Land

      45,840 SF warehouse with dock and drive-in loading.
      900 Mckinley St, Anoka, MN 55303
      View Details
    • $1,475,000
      10,285 SF

      Anoka Industrial/Office Investment

      1.7-acre lot, 10,285 sqft, flexible space
      1150 Mckinley St, Anoka, MN 55303
      View Details
    • Contact for pricing
      1,149 SF

      Anoka Office Suite - Last One!

      Prime Anoka location, 1,149 sq ft office suite.
      2850 Cutters Grv Ave Unit, Anoka, MN 55303
      View Details
    • Contact for pricing
      5,900 SF

      Retail Development Opportunity in Anoka

      Retail development opportunity with high visibility and access in Anoka.
      W Main St, Anoka, MN 55303
      View Details

    FAQs

    What type of property is this?
    Commercial land - Pad site available for ground lease, build to suit, or sale.
    Where is this commercial land located?
    The property is located at 7990 Sunwood Dr NW Anoka, MN.
    What are key features of this property?
    This property features: - Drive thru allowed and approved; - Pad site anchored by Coborn’s and Aldi; - Convenient access off Hwy 10
    (320) 293-2511 Call to check price and availability
    Request Owner's contact information
    7990 Sunwood Dr NW Anoka, MN 55303
    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.
    7990 Sunwood Dr NW
    Anoka, MN 55303
    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
    7990 Sunwood Dr NW Anoka, MN 55303
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeremy Grittner
    Jeremy Grittner
    Real Estate License ID: 40617345
    (320) 293-2511 (612) 217-5150 (612) 217-6722
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!