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

    5630 St Croix Trl North Branch, MN

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

    87,888 SF retail space with ample parking and freeway visibility.

    Type:RETAIL
    Property size:
    87,888 SF
    Lot size:
    8.30 Acres
    Added:
    Nov 20, 2024
    Days on Market:
    516
    Last Refresh:
    Apr 5 at 8:23 pm

    Property Features for 5630 St Croix Trl

    General Information

    Standard status
    Active
    Size
    87,888 SF
    Lot size
    8.30 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Julie Nash Smith

    Listing agent Julie Nash Smith

    Listing office RE/MAX Synergy

    Listing date Nov 20, 2024

    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 RE/MAX Synergy

    Overview

    Former Shopko Retail Opportunity

    This is a big box retail property, formerly a Shopko, totaling 87,888 square feet. Constructed in 2008, the property includes over 350 parking stalls, two docks, and one drive-in. It benefits from I-35 freeway visibility with over 32,000 vehicles per day and 22,400 vehicles per day on Highway 95. The 2024 taxes are $150,980.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    North Branch
    County
    Chisago
    State
    Minnesota
    Longitude
    -92.9931
    Latitude
    45.5102

    Nearby Similar for Sale

    • $419,000

      North Branch Commercial Building For Sale

      6000+ sq ft commercial building in high-traffic area.
      38875 Forest Boulevard, North Branch, MN 55056
      View Details
    • $295,000

      North Branch Commercial/Residential Opportunity

      Versatile property with residential and commercial potential in downtown North Branch.
      Tbd 8th Avenue, North Branch, MN 55056
      View Details
    • $3,125,000
      21,040 SF

      Redeveloped Retail/Automotive Space on I-35

      21,000 SF redeveloped space ideal for retail or automotive businesses.
      Tanger Dr 38450, North Branch, MN
      View Details
    • $725,000
      29,420 SF

      Bowling Alley with Event Space

      12-lane bowling alley with bar and event space.
      6427 Ash Street, North Branch, MN 55056
      View Details
    • $3,750,000
      22,440 SF

      North Branch Warehouse For Sale

      22,440 SF warehouse/industrial property in North Branch, Minnesota.
      6384 415th Street, North Branch, MN, 55056
      View Details
    • $1,500,000
      15,120 SF

      Assembly and Distribution Facility

      State-of-the-art facility for assembly and distribution in North Branch.
      6202 402nd St, North Branch, MN 55056
      View Details
    • $849,000
      14,052 SF

      North Branch Church and Residence

      Church and residence on 10 acres, potential event center.
      34888 Kable Ave, North Branch, MN
      View Details
    • $660,000

      Operating Bowling Alley and Bar

      Operating bar and bowling alley with volleyball court for sale.
      6427 Ash Street, North Branch, MN 55056
      View Details
    • $749,900
      29,420 SF

      Bowling Alley with Bar For Sale

      12-lane bowling alley with bar, event space, and volleyball.
      6427 Ash St, North Branch, MN 55056
      View Details

    FAQs

    What type of property is this?
    Storefront property - 87,888 SF retail space with ample parking and freeway visibility.
    Where is this storefront property located?
    The property is located at 5630 St Croix Trl North Branch, MN.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: I‑35 Freeway Visibility with 32,000+ VPD; 87,888 SF Total; 350+ Parking Stalls
    (651) 982-1256 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Julie Nash Smith
    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!