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    Clearwater Commercial Property Near I-94 Title is generated by Realmo AI

    20026 Empire Road, Clearwater, MN 55320

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    Claim this Listing
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    For Sale
    $750,000

    Commercial - Clearwater, MN

    Property size:
    4,000 SF
    Lot size:
    5.56 Acres
    Price / SF:
    $187/SF
    Added:
    May 27, 2026
    Days on Market:
    1
    Last Refresh:
    May 27 at 12:06 pm

    Property Features for 20026 Empire Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Garage, Garage - Attached, Heated
    Exterior features
    Metal
    Standard status
    Active
    APN
    19106000022
    Size
    4,000 SF
    Lot size
    5.56 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    7926

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Schiffler

    Listing agent Thomas Schiffler

    Listing office Premier Real Estate Services 550 25th Avenue North, St. Cloud, MN

    Listing date May 27, 2026

    MLS# 7078314 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High visibility location with strong freeway exposure off I‑94, ideal for attracting customers.
    • Versatile commercial/industrial zoning allows for a wide range of business uses (storage, sales, light industrial, etc.).
    • Large 5.69‑acre lot with ample parking and excellent outdoor storage potential.
    • Functional 4,000 sq. ft. building with warehouse/shop layout and drive‑in access.
    • Convenient access to I‑94 in a high‑traffic corridor between the Twin Cities and St. Cloud.
    • Potential for future expansion or development on the level lot.

    Overview

    This commercial/industrial property, situated on approximately 5.69 acres, offers visibility and convenient access just off I-94 in Clearwater. The 4,000 finished sq. ft. building is suitable for business owners, investors, contractors, service operations, storage, sales, or light industrial use. The property features a functional warehouse/shop layout with drive-in access, ample parking, outdoor storage potential, and freeway exposure. Zoned for commercial/business use, this property is suitable for entrepreneurs looking to expand or relocate their operation to a high-traffic corridor between the Twin Cities and St. Cloud. The level lot provides room for equipment, inventory, fleet parking, or future expansion opportunities. The property is located in Clearwater, Stearns County, Minnesota.

    Financial Insights

    Value Estimation Calculated for Flex RnD

    Conservative
    $602.7K
    NOI $54,241 @ 9.00% cap · cautious / downside scenario
    Moderate
    $774.9K
    NOI $54,241 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.08M
    NOI $54,241 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Flex RnD

    Component $ $/SF
    Gross rent $87.8k $21.96
    − Vacancy −$4.4k −$1.10
    EGI $83.4k $20.86
    − OpEx −$29.2k −$7.30
    NOI $54.2k $13.56
    4,000 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%

    Alternative Use Scenarios

    Best Use
    Flex RnD
    $774.9K
    $678.0K – $904.0K (±1% cap)
    NOI $54,241 @ 7.0% cap · market cap 7.23%
    Second Best
    Warehouse
    $753.8K
    $659.6K – $879.5K (±1% cap)
    NOI $52,767 @ 7.0% cap · market cap 7.04%
    Theoretical Best
    Office A
    $954.3K
    $835.0K – $1.11M (±1% cap)
    NOI $66,802 @ 7.0% cap · market cap 8.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Similar Places Nearby

    • JK Self Storage - Clearwater — 20058 Edison Cir, Clearwater, MN 55320
    • Z-Marine — 2238 196th St E, Clearwater, MN 55320

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Wright
    State
    Minnesota
    Longitude
    -94.06268798
    Latitude
    45.41318799

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    FAQs

    What type of property is this?
    Warehouse - Versatile commercial/industrial property with high visibility and convenient access.
    Where is this warehouse located?
    The property is located at 20026 Empire Road Clearwater, MN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High visibility location with strong freeway exposure off I‑94, ideal for attracting customers.; Versatile commercial/industrial zoning allows for a wide range of business uses (storage, sales, light industrial, etc.).; Large 5.69‑acre lot with ample parking and excellent outdoor storage potential.
    (320) 259-4554
    We can help!
    Listing Contact
    Thomas Schiffler
    Request Owner's contact information
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    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
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