Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Location Near I-694 Title is generated by Realmo AI

    785 53rd Ave NE, Fridley, MN 55421

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Multi-tenant retail space with convenient highway access.

    Type:Retail
    Added:
    Aug 11, 2020
    Days on Market:
    2122
    Last Refresh:
    May 12 at 9:50 pm

    Property Features for 785 53rd Ave NE

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 785 53rd Ave NE Contact us

    Available Space 1 $18/Mo

    Size
    1,400 SF
    Type
    Retail
    Multi-tenant retail location conveniently located off I-694 and Hwy 65 offering unmatched...
    show more
    Contact us

    We can help!

    Listing Contact
    Suzanne Schefcik, CCIM
    Suzanne Schefcik, CCIM

    Listing agent Suzanne Schefcik, CCIM License #MN40710646

    Listing office Colliers - Minneapolis - St. Paul, Minnesota

    Listing date Aug 11, 2020

    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 Colliers - Minneapolis - St. Paul, Minnesota

    HighLights

    • Convenient location off I‑694 and Hwy 65
    • Multi‑tenant retail location
    • Unmatched access to every part of the metro area
    • Year Built: 1978

    Overview

    This multi-tenant retail location is conveniently situated near I-694 and Hwy 65, providing accessibility to various parts of the metro area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Fridley
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2549
    Latitude
    45.0516

    Nearby Similar for Lease

    • $12 SF/Yr
      5,757 SF

      Fridley Medical/Office Endcap Space

      5,757 sf space with high visibility on University Avenue.
      7201-7245 University Ave, Fridley, MN
      View Details
    • $22 SF/Yr
      1,276 SF

      Fridley Office Space Available

      Office space for lease in Fridley, convenient location.
      6299 NE University Ave, Fridley, MN
      View Details
    • $16 SF/Yr
      2,161 SF

      Medical Office Space for Rent

      Prime location with skyway access to Mercy Hospital.
      500 Osborne Rd NE, Fridley, MN
      View Details
    • $20 SF/Yr
      338 SF

      Two-Story Office Building For Rent

      Two-story office building with easy highway access and pylon signage.
      7671 Central Ave NE, Fridley, MN
      View Details
    • Contact for pricing
      39,694 SF

      Industrial Space Available for Lease

      Industrial space available for lease starting 9/1/2024.
      5101 Industrial Blvd NE, Fridley, MN 55421
      View Details
    • $18 SF/Yr
      14,625 SF

      Medical Office Space For Rent

      Prime location with skyway access to Mercy Hospital.
      480 Osborne Rd NE, Fridley, MN
      View Details
    • $15 SF/Yr
      2,349 SF

      Fridley Flex/Industrial Space Available

      2,349 SF flex/industrial space for lease in Fridley, MN.
      7920-7954 University Ave NE, Fridley, MN
      View Details
    • Contact for pricing

      Fridley Warehouse Space Available

      Warehouse space available for lease in Fridley, Minnesota.
      7350 Commerce Lane, Fridley, MN 55432
      View Details
    • $9 SF/Yr
      8,156 SF

      Fridley Office Warehouse Space

      8,156 SF office warehouse with convenient access to I-694.
      350 73rd Ave NE, Fridley, MN
      View Details
    • Contact for pricing
      7,923 SF

      Fridley Office Space Available

      Office space for rent with high visibility and traffic.
      7110-7190 University Ave NE, Fridley, MN
      View Details
    • $10 SF/Yr
      1,590 SF

      Office Space with High Ceilings

      Office space featuring high ceilings, large windows, and free parking.
      1250 E Moore Lake Dr, Fridley, MN
      View Details
    • $12 SF/Yr
      19,558 SF

      Fridley Office Space for Lease

      Unique office space suitable for therapists, nonprofits, and general office.
      7590 Lyric Ln NE, Fridley, MN
      View Details

    FAQs

    What type of property is this?
    Retail space - Multi-tenant retail space with convenient highway access.
    Where is this retail space located?
    The property is located at 785 53rd Ave NE Fridley, MN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Convenient location off I‑694 and Hwy 65; Multi‑tenant retail location; Unmatched access to every part of the metro area
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Suzanne Schefcik, CCIM
    Suzanne Schefcik, CCIM
    Real Estate License ID: MN40710646
    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
    785 53rd Ave NE, Fridley, MN 55421
    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!