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    Prime Retail/Office Space in Isanti Title is generated by Realmo AI

    401 E Dual Blvd NE, Isanti, MN 55040

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    Highly visible corner unit in well-traveled Isanti mall.

    Type:Retail, Office
    Property size:
    8,755 SF
    Added:
    Jun 23, 2022
    Days on Market:
    1444
    Last Refresh:
    May 12 at 11:22 pm

    Property Features for 401 E Dual Blvd NE

    General Information

    Standard status
    Active
    Size
    8,755 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 401 E Dual Blvd NE Contact us

    122 $12/Mo

    Size
    704 SF
    Type
    Retail, Office
    This offering is a corner unit with an exterior wall and abundant windows, providing...
    show more
    Contact us

    We can help!

    Listing Contact
    Michelle Twardy

    Listing agent Michelle Twardy License #MN 20543427

    Listing office Bullseye Property Management & Realty

    Listing date Jun 23, 2022

    Source Crexi

    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 Bullseye Property Management & Realty

    HighLights

    • High‑visibility location on County Road 5, the main artery through Isanti, Minnesota.
    • Strong daily traffic due to location across the street from Kwik Trip.
    • Abundant exterior advertising opportunities.
    • Corner unit with exterior wall and abundant windows providing great natural light.
    • Ample parking for tenants and clients.
    • Suite B includes a private exterior entrance.

    Overview

    Located in Isanti, Minnesota, this 8,755 sq. ft. mall, constructed in 1993, offers an opportunity for businesses seeking a visible location. Situated one block north of downtown Isanti along County Road 5, the main thoroughfare, the property benefits from exposure and signage opportunities. The location is directly across the street from Kwik Trip, providing strong daily traffic and convenient access. The available corner unit features an exterior wall and abundant windows, offering natural light and visibility. The space is suitable for professional or service-based businesses. Available suites include Suite A, measuring 13’ x 8’ (104 sq. ft.), and Suite B, measuring 13’ x 9.5’ (123.5 sq. ft.), which also includes a private exterior entrance in addition to the shared entry. The lease is gross, and the property includes a shared waiting area and bathroom, ample parking for tenants and clients, and exterior advertising opportunities. There is shared responsibility for cleaning common areas. Potential uses include a mortgage or real estate office, insurance agency, massage or chiropractic practice, medical or wellness services, health food or boutique retail, clinic, or other professional office use.
    Location Intelligence

    Current Use by Public Records

    Ally Medical Supply Production Facility Jimmy's Pizza Restaurant Isanti Smoke Shop ... (Bike/Boat/Book/etc) Store Bohnen Garage Doo'r ... Factory

    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
    Isanti
    County
    Isanti
    State
    Minnesota
    Longitude
    -93.24277
    Latitude
    45.494847

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    FAQs

    What type of property is this?
    Retail space - Highly visible corner unit in well-traveled Isanti mall.
    Where is this retail space located?
    The property is located at 401 E Dual Blvd NE Isanti, MN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on County Road 5, the main artery through Isanti, Minnesota.; Strong daily traffic due to location across the street from Kwik Trip.; Abundant exterior advertising opportunities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michelle Twardy
    Real Estate License ID: MN 20543427
    Learn More
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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.

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