Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Restaurant Opportunity For Sale Title is generated by Realmo AI

    5920 Neal N Avenue, Oak Park Heights, MN 55082

    View on Map
    Claim this Listing
    For Sale
    $1,600,000

    Restaurant, equipment, and building for sale in Oak Park Heights.

    Type:Commercial/Industrial
    Lot size:
    0.98 Acres
    Added:
    Apr 11, 2025
    Days on Market:
    417
    Last Refresh:
    May 28 at 1:57 pm

    Property Features for 5920 Neal N Avenue

    General Information

    Standard status
    Active
    Lot size
    0.98 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Ray B. Hitchcock

    Listing agent Ray B. Hitchcock

    Listing office Edina Realty, Inc.

    Listing date Apr 11, 2025

    Source Exitrealty

    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 Edina Realty, Inc.

    HighLights

    • Turnkey catering business opportunity with 42 years of established reputation (K and J Catering since 1984).
    • Includes business, all catering equipment, and the building.
    • Stand‑alone building (built in 2004) on a .98‑acre lot with ample parking.
    • Features a large kitchen area, walk‑in coolers, ample storage, and a restaurant sitting area.
    • Includes a drive‑through window and signage on Stillwater Blvd.
    • Prime location near Stillwater High School with easy access to Hwy 36.

    Overview

    This turnkey business opportunity is available after 42 years in the catering business. K and J Catering, a top-rated caterer since 1984, is offering its business, all equipment, and the building for sale. The stand-alone building, constructed in 2004, can be purchased separately for $1.6 million. The property includes a 0.98-acre lot with ample parking, a drive-through window, and signage on Stillwater Blvd. The building features a large kitchen area suitable for catering preparation, walk-in coolers, ample storage, and a restaurant sitting area. Previously a KFC restaurant, the property is in a prime location near Stillwater High School with easy access to Hwy 36. The property is suitable for conventional restaurants, restaurants, drive-through restaurants, and other commercial real estate ventures.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    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
    Oak Park Heights
    County
    Washington
    State
    Minnesota
    Longitude
    -92.8471439
    Latitude
    45.0336901

    Nearby Similar for Sale

    • Contact for pricing
      4,412 SF

      New Retail Building in Oak Park Heights

      Newly constructed retail building in affluent suburban community.
      13535 60th Street N | Oak Park Heights, MN 55082
      View Details
    • $1,600,000
      3,751 SF

      Retail Property in Oak Park Heights

      Retail property with 3,751 square feet available for sale.
      5920 Neal Ave N, Oak Park Heights, MN
      View Details
    • Contact for pricing
      173,283 SF

      Oak Park Heights Retail Center

      Value-add retail center in Oak Park Heights/Stillwater, Minnesota.
      5805 Krueger Ln, Oak Park Heights, MN 55082
      View Details
    • Contact for pricing
      5,225 SF

      Former Restaurant in Retail District

      5,225 SF building in the heart of Stillwater's retail.
      13375 60th St N, Oak Park Heights, MN
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant, equipment, and building for sale in Oak Park Heights.
    Where is this conventional restaurant located?
    The property is located at 5920 Neal N Avenue Oak Park Heights, MN.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Turnkey catering business opportunity with 42 years of established reputation (K and J Catering since 1984).; Includes business, all catering equipment, and the building.; Stand‑alone building (built in 2004) on a .98‑acre lot with ample parking.
    (612) 616-7569
    We can help!
    Listing Contact
    Ray B. Hitchcock
    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
    5920 Neal N Avenue, Oak Park Heights, MN 55082
    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!