Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Gateway Center Title is generated by Realmo AI

    Gateway Dr NW & Hanson Blvd, Coon Rapids, MN

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

    Commercial land with great access and visibility in Coon Rapids.

    Type:LAND
    Lot size:
    1.49 Acres
    Added:
    Dec 4, 2018
    Days on Market:
    2726
    Last Refresh:
    Apr 5 at 8:52 pm

    Property Features for Gateway Dr NW & Hanson Blvd

    General Information

    Standard status
    Active
    Lot size
    1.49 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jonathan Adam
    Jonathan Adam

    Listing agent Jonathan Adam

    Listing office Silverstone Realty and Development, LLC

    Listing date Dec 4, 2018

    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 Silverstone Realty and Development, LLC

    HighLights

    • Last lot available in Gateway Commerce Center
    • Located off Hanson Blvd and Hwy 10
    • Great access and visibility
    • Join many successful retail businesses
    • Build to suit option available
    • Lease or buy options available

    Overview

    This commercial land is the last available lot in the Gateway Commerce Center. The site offers access and visibility, situated off Hanson Boulevard and Highway 10. The property is located in Coon Rapids, Minnesota, and is positioned among many established retail businesses. Options are available for build-to-suit, lease, or purchase.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Coon Rapids
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.3133
    Latitude
    45.1671

    Nearby Similar for Sale

    • $2,600,000

      Multi-Tenant Commercial Building Investment

      Value-add potential with built-in stability in Coon Rapids, MN.
      3050 Coon Rapids Boulevard NW, Coon Rapids, MN 55433
      View Details
    • $399,000

      Well-Maintained Office Condo For Sale

      Lower level office condo with private offices and parking.
      2163 Northdale Boulevard NW, Coon Rapids, MN 55433
      View Details
    • $372,500

      Two-Unit Office Condo in Coon Rapids

      Two-unit office condo with leases in place through 2026.
      2195 Northdale Boulevard NW, Coon Rapids, MN 55433
      View Details
    • $372,500

      Two-Unit Office Condo in Coon Rapids

      Two-unit office condo with leases in place through 2026.
      2191 Northdale Boulevard NW, Coon Rapids, MN 55433
      View Details
    • $372,000
      5,632 SF

      Two-Unit Office Condo For Sale

      Two-unit office condo in Coon Rapids with leases in place.
      2195 Northdale Blvd NW, Coon Rapids, MN 55433
      View Details
    • $140,000

      Established Hair Salon Business

      Fully operational hair salon business for sale in Coon Rapids.
      337 Northdale Blvd NW, Coon Rapids, MN
      View Details
    • $3,000,000
      24,218 SF

      Fleet Maintenance Facility For Sale

      24,218 SF fleet maintenance facility with 1.5 acres storage.
      10511 Hanson Blvd NW, Coon Rapids, MN
      View Details
    • $1,058,050
      1,325 SF

      Coon Rapids Office Space Available

      Corner office unit with great highway access, available December 2025.
      10091 Dogwood NW, Coon Rapids, MN
      View Details
    • $83,999

      Land Available in Coon Rapids

      Land for sale in Coon Rapids, Minnesota.
      11110 Cottonwood Street NW, Coon Rapids, MN 55448
      View Details
    • $11

      Coon Rapids Commercial Land

      7.5 acre commercial land for sale in Coon Rapids.
      40 Coon Rapids Boulevard NW, Coon Rapids, MN 55448
      View Details
    • Contact for pricing
      1,950 SF

      Turn-Key Medical Suites Available

      Two fully built-out dental spaces near Mercy Hospital.
      3903-3929 Coon Rapids Blvd, Coon Rapids, MN
      View Details
    • Contact for pricing
      32,000 SF

      Proposed Industrial Building in Coon Rapids

      32,500 SF proposed industrial building with city approval.
      8880 Evergreen Blvd NW, Coon Rapids, MN
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with great access and visibility in Coon Rapids.
    Where is this land located?
    The property is located at Gateway Dr NW & Hanson Blvd Coon Rapids, MN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Last lot available in Gateway Commerce Center; Located off Hanson Blvd and Hwy 10; Great access and visibility
    (612) 859-3659 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jonathan Adam
    Jonathan Adam
    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

    Thank You for Inquiry
    Gateway Dr NW & Hanson Blvd, Coon Rapids, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!