Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8432 Noble N Ave Brooklyn Park, MN 55443-2429

    • Commercial real estate
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Oct 25, 2021
    $1,000,000
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0515518
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8432 Noble N Ave

    Year built
    1982
    Construction
    WOOD
    Lot size
    1.12 lot acres
    Property type
    Commercial real estate
    APN
    22-119-21-22-0006
    APU
    2211921220006

    Description

    This exceptional 6,094 square foot commercial property, located at 8432 Noble Ave N in Brooklyn Park, Minnesota, presents a unique investment opportunity. Previously operating as a restaurant and bar, this vacant building boasts a prime location on a high-traffic corner lot within Hennepin County, zip code 55443. The asking price is $999,900, translating to $164.08 per square foot. The property consists of a single unit and is ready for immediate occupancy. Its versatile layout makes it suitable for a variety of commercial uses beyond its previous function. A new liquor license is obtainable through the city of Brooklyn Park, offering significant potential for a restaurant or bar concept. The building's size and location make it an attractive option for businesses seeking high visibility and accessibility. While the previous tenant operated a restaurant and bar, the buyer is responsible for verifying all measurements and confirming suitability for their intended use. This property is situated in a heavy traffic area, ensuring high potential for customer footfall and brand visibility. The opportunity to acquire this well-positioned commercial space in a thriving Minnesota community is not to be missed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $915,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3408
    Latitude
    45.1083
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,794
    $352,800
    $594,400
    $947,200
    -
    $352,800
    $594,400
    $947,200

    Comparable in this City

    • Value Estimation
      $320,000
      1.88 Acres

      3200 Brookdale N Dr

      COMMERCIAL (GENERAL) • 1.88 Acres
      3200 Brookdale N Dr, Brooklyn Park, MN 55443
      View Details
    • Value Estimation
      $355,000
      2.60 Acres

      9975 Xenia N Ave

      COMMERCIAL (GENERAL) • 2.60 Acres
      9975 Xenia N Ave, Brooklyn Park, MN 55443-2383
      View Details
    • Value Estimation
      $300,000
      1.13 Acres

      8510 Edinburgh Ctr Dr

      COMMERCIAL (GENERAL) • 1.13 Acres
      8510 Edinburgh Ctr Dr, Brooklyn Park, MN 55443-3723
      View Details
    • Value Estimation by Request
      4.35 Acres

      8209 Zane N Ave

      COMMERCIAL (GENERAL) • 4.35 Acres
      8209 Zane N Ave, Brooklyn Park, MN 55443-2111
      View Details
    • Value Estimation by Request
      4.51 Acres

      8625 Zane N Ave

      COMMERCIAL (GENERAL) • 4.51 Acres
      8625 Zane N Ave, Brooklyn Park, MN 55443-1822
      View Details
    • Value Estimation by Request
      13.67 Acres

      4690 Brookdale N Dr

      COMMERCIAL (GENERAL) • 13.67 Acres
      4690 Brookdale N Dr, Brooklyn Park, MN 55443-2607
      View Details

    Similar Nearby for Sale

    • $200,000

      Spacious Townhome in Brooklyn Park

      2 bed, 2 bath end-unit townhome with updated kitchen.
      3802 Brookdale Cir N, Brooklyn Park, MN 55443
      View Details
    • $675,000
      5,050 SF

      Office, Warehouse, Shop Building

      Office, warehouse, shop building for sale with easy access.
      3700 74Th Ave N, Brooklyn Park, MN 55443
      View Details
    • $1,350,000
      Pending

      Brooklyn Park Freestanding Restaurant Building

      Well-maintained commercial building in Brooklyn Park with versatile potential.
      7450 Unity Ave N, Minneapolis, MN 55443
      View Details
    • $299,000
      1,748 SF

      Spacious Home in Brooklyn Park

      Well-maintained home with open layout, updated features, and private patio.
      2907 86Th Ln N, Brooklyn Park, MN 55443
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Stone Mountain Plaza Retail Space

      Prime Brooklyn Park Retail Opportunity
      9985 Xenia Ave, Brooklyn Park, MN 55443
      View Details
    • $24 SF/Yr
      41,403 SF

      Edinburgh Office Plaza: Executive Suites Available

      Prime Hennepin County office space for lease.
      8525 Edinbrook Xing, Brooklyn Park, MN 55443
      View Details
    • Contact for pricing
      1,258 SF

      Former Coffee Shop Available

      1258 SF retail space, previously a coffee shop.
      9530-9590 Noble Pkwy, Brooklyn Park, MN 55443
      View Details
    • Contact for pricing
      20,900 SF

      Brooklyn Park Warehouse with Crane

      15,000 SF warehouse featuring drive-in doors and interior crane.
      4025 85Th Ave N, Brooklyn Park, MN 55443
      View Details
    • Contact for pricing
      20,599 SF

      Pinebrook Centre: Retail Opportunity

      Minneapolis Strip Mall - High Traffic Area
      9530 Noble Pkwy, Minneapolis, MN 55443
      View Details
    • $7 SF/Yr
      1,800 SF

      Brooklyn Park Warehouse Space Available

      1,800 sq ft warehouse with office and dock.
      4120 83Rd Ave N, Brooklyn Park, MN 55443
      View Details
    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.
    8432 Noble N Ave
    Brooklyn Park, MN 55443-2429
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.