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

    13760 Bluestem Court Baxter, MN 56425

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    Multi-tenant office building in Baxter, MN with investment potential.

    Type:Office
    Property size:
    4,500 SF
    Price / SF:
    $155/SF
    Added:
    Oct 14, 2024
    Days on Market:
    559
    Last Refresh:
    Apr 1 at 8:32 pm

    Property Features for 13760 Bluestem Court

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Property subtype
    Office

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Nate Grotzke

    Listing agent Nate Grotzke

    Listing office Close-Converse Commercial Prop

    Listing date Oct 14, 2024

    Source Xome

    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 Close-Converse Commercial Prop

    Overview

    Fairview Office Park Investment Opportunity

    Located in the Fairview Office Park along Hwy 210 in Baxter, this multi-tenant office building presents an investment opportunity. The property, with a building size of 4,500 square feet, currently houses three tenants and includes space available for lease or owner occupancy. The location is experiencing growth and economic development. The property is located in a conservation office park with driveways, parking, and landscaping, offering easy access and high traffic counts. Suite 100 is occupied by Cornerstone Caregiving and comprises 800 square feet. Suite 130 is leased to Farm Bureau Financial Services-Brett Carlson and consists of 1,450 square feet. Suite 150, encompassing 2,250 square feet, is currently available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Baxter
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2581774
    Latitude
    46.3512614

    Nearby Similar for Sale

    • $599,900

      Versatile Commercial Building, Baxter, MN

      Versatile commercial building on nearly an acre, convenient location.
      7590 Design Road, Baxter, MN 56425
      View Details
    • $499,000
      4,576 SF

      Fully Occupied Baxter Industrial Building

      Industrial office building in Baxter Industrial Park, fully occupied.
      7771 College Rd, Baxter, MN 56425
      View Details
    • $549,000
      4,336 SF

      Versatile Industrial Office Building

      Industrial office building for sale or lease in Baxter, MN.
      7953 College Rd, Baxter, MN
      View Details
    • $1,700,000
      6,802 SF

      Former Restaurant Building on Highway

      Restaurant building on a bustling highway corridor in Baxter, MN.
      15115 Edgewood Dr, Baxter, MN
      View Details
    • $1,300,000
      7,352 SF

      Baxter Retail/Warehouse Space For Lease

      Retail and warehouse space with highway visibility in Baxter, MN.
      8194 Fairview Rd, Baxter, MN
      View Details
    • $699,000
      2,250 SF

      Fairview Office Park Opportunity

      Multi-tenant office building in thriving Baxter location for lease.
      13760 Bluestem Ct, Baxter, MN
      View Details
    • $699,000
      4,500 SF

      Office Investment Opportunity in Baxter

      Multi-tenant office building for sale in thriving Baxter location.
      13760 Bluestem Court, Baxter, MN 56425
      View Details
    • $2,092,000
      6,000 SF

      Retail Property in Baxter, MN

      Retail property available for sale in Baxter, Minnesota.
      14230 Dellwood Dr N, Baxter, MN
      View Details
    • $2,041,920
      6,000 SF

      Retail Space in Growing Baxter

      Retail space in a fast-growing community near Brainerd.
      14230 Dellwood Dr, Baxter, MN 56425
      View Details
    • Contact for pricing
      5,000 SF

      Office Space in Fairview Park

      Office space for lease in a thriving business park.
      Bluestem Ct, Baxter, MN
      View Details

    FAQs

    What type of property is this?
    Office building - Multi-tenant office building in Baxter, MN with investment potential.
    Where is this office building located?
    The property is located at 13760 Bluestem Court Baxter, MN.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Multi‑tenant office building offering an investment opportunity.; Located in a thriving area with significant growth and economic development.; Space available for lease or owner occupancy.
    (218) 828-3334
    We can help!
    Listing Contact
    Nate Grotzke
    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!