Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Blaine Warehouse with Outdoor Storage Title is generated by Realmo AI

    1512 92nd Ln NE, Blaine, MN

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

    8,500 SF warehouse on 1 acre lot with outdoor storage.

    Type:INDUSTRIAL
    Property size:
    8,500 SF
    Lot size:
    0.99 Acres
    Price / SF:
    $135/SF
    Added:
    Nov 4, 2025
    Days on Market:
    194
    Last Refresh:
    Apr 5 at 8:47 pm

    Property Features for 1512 92nd Ln NE

    General Information

    Standard status
    Active
    Size
    8,500 SF
    Lot size
    0.99 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Kyle Rafshol

    Listing agent Kyle Rafshol

    Listing office JLL

    Listing date Nov 4, 2025

    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 JLL

    HighLights

    • 7,705 SF of Warehouse Space
    • 3‑Phase, 600 Amps, 480 Volt Power Supply (to be verified)
    • Multiple Loading Doors: two dock doors and three drive‑in doors
    • Energy‑efficient LED warehouse lighting
    • Newer parking lot with 12 spaces
    • I‑1 zoning allows for a variety of industrial uses

    Overview

    This warehouse/industrial property, constructed in 1985, offers approximately 8,500 square feet of space, including around 795 square feet of office area and 7,705 square feet of warehouse space, situated on a 1.0-acre lot. The warehouse features a 15-foot clear height, LED lighting, and is equipped with two 8’ x 10’ dock doors and three 14’ x 12’ drive-in doors. The property has 3-phase power, 600 amps, 480 volt (to be verified). There are 12 parking spaces available in a newer parking lot. Outdoor storage is available as a conditional use. It is zoned I-1: Light industrial.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • iStorage — 9154 University Ave NW, Coon Rapids, MN 55448
    • Princeton Mini Storage, LLC — 299 Coon Rapids Blvd, Coon Rapids, MN 55433

    Map

    City
    Blaine
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2349
    Latitude
    45.1608

    Nearby Similar for Sale

    • $600,000

      Highway 65 Office Building

      5,788 SF office building in prime Blaine location.
      8535 Central Avenue NE, Blaine, MN 55434
      View Details
    • $12
      56,744 SF

      Commercial Property in Blaine, MN

      Commercial property available for sale in Blaine, Minnesota.
      170 89th NE Avenue, Blaine, MN 55434
      View Details
    • Contact for pricing
      4,807 SF

      Retail Building in Blaine, MN

      Single-story retail building with high visibility and easy access.
      231 NE County Rd 10, Blaine, MN
      View Details
    • $8,041,720
      16,998 SF

      National Sports Village Investment

      Leasehold investment property near the National Sports Center in Blaine.
      2180 105th Ave NE, Blaine, MN
      View Details
    • $1,300,000
      8,542 SF

      Industrial Warehouse on One Acre

      8,542 SF industrial warehouse on a one-acre lot.
      2161 107th Ln NE, Blaine, MN
      View Details
    • $3,560,454
      30,499 SF

      Prime Retail Location Near Northtown

      High-visibility retail property near Northtown Mall in Blaine, Minnesota.
      198 Northtown Dr NE, Blaine, MN
      View Details
    • Contact for pricing
      5,663 SF

      Freestanding Restaurant Near Northtown Mall

      Fully equipped restaurant for sale near Northtown Mall.
      76 Northtown Dr NE, Blaine, MN
      View Details
    • Contact for pricing

      Northtown Mall Retail Opportunity

      Retail opportunity in Blaine, Minnesota with consumer draw.
      389 Northtown Dr NE, Blaine, MN 55434
      View Details

    FAQs

    What type of property is this?
    Warehouse - 8,500 SF warehouse on 1 acre lot with outdoor storage.
    Where is this warehouse located?
    The property is located at 1512 92nd Ln NE Blaine, MN.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 7,705 SF of Warehouse Space; 3‑Phase, 600 Amps, 480 Volt Power Supply (to be verified); Multiple Loading Doors: two dock doors and three drive‑in doors
    (952) 270-6792 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Rafshol
    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
    1512 92nd Ln NE, Blaine, 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!