421 Kennedy Memorial Drive, Hoyt Lakes, MN 55750
20-unit assisted living facility on 8.1 acres in Hoyt Lakes.
- Added:
- May 28, 2022
- Days on Market:
- 1477
- Last Refresh:
- May 19 at 8:55 pm
Property Features for 421 Kennedy Memorial Drive
General Information
- Standard status
- Active
- Size
- 13,880 SF
- Lot size
- 8.15 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2010
Listing agent Kristopher G. Jacobsen (651) 270-5429
Listing office Eos Realty, LLC (651) 270-5429
Listing date May 28, 2022
Source Exitrealty
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 Eos Realty, LLC
HighLights
- Turn‑key 20‑unit facility
- Pristine location in Hoyt Lakes, MN
- Large 8.1‑acre property
- Meticulously maintained facility
- Built in 2010
- Over 13,000 sq ft of space
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.9k | $15.84 |
| − Vacancy | −$13.2k | −$0.95 |
| EGI | $206.7k | $14.89 |
| − OpEx | −$93.0k | −$6.70 |
| NOI | $113.7k | $8.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hoyt Lakes
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.129
- Latitude
- 47.5194
