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    The Largest CRE Database in the US with Over 1 Million Listings

    Plymouth MN Tbd Bass Lk Rd Minneapolis, MN 55442

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    For Sale
    Contact for pricing

    2.72-Acre C-2 Zoned Land, Plymouth, MN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    This exceptional 2.72-acre parcel in Plymouth, Minnesota, presents a unique investment opportunity. Located at TBD Bass Lake Road, with convenient access to Highway 169, this property offers flexible C-2 Neighborhood Commercial zoning. The site boasts 1.69 acres of buildable land, ideal for a variety of commercial developments, including retail, restaurants, or medical offices. Its prime location benefits from direct Bass Lake Road exposure and proximity to a thriving residential area, including a new 219-unit apartment complex currently under construction nearby. This property is available for sale, ground lease, or build-to-suit options, providing flexibility to suit diverse development plans. The Hennepin County location and 55442 zip code offer excellent access to a robust consumer base and strong infrastructure. The APN is 01-118-22-42-0049. This is a rare chance to acquire a strategically positioned commercial land parcel with significant development potential in a rapidly growing area. The property's size and zoning make it suitable for single or multi-tenant developments, catering to a wide range of business needs. Don't miss this opportunity to secure a prime location for your next project.

    Property Features for Plymouth MN Tbd Bass Lk Rd

    General Information

    Property type
    Land
    Lot Size
    118,483 SF

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    Listing Contact
    Chris Moe

    Learn more

    HighLights

    • Sale/Lease/Build‑to‑Suit (BTS) opportunity.
    • 2.72‑acre lot with 1.69 acres buildable.
    • C‑2 Neighborhood Commercial zoning.
    • Direct Bass Lake Road access.
    • Excellent Highway 169 accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.40702
    Latitude
    45.058052

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    FAQs

    What type of property is this?
    Land - 2.72-Acre C-2 Zoned Land, Plymouth, MN
    Where is this land located?
    The property is located at Plymouth MN Tbd Bass Lk Rd Minneapolis, MN.
    What are key features of this property?
    This property features: Sale/Lease/Build-to-Suit (BTS) opportunity.; 2.72-acre lot with 1.69 acres buildable.; C-2 Neighborhood Commercial zoning.
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    Plymouth MN Tbd Bass Lk Rd Minneapolis, MN 55442
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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.

    More about this property
    Plymouth MN Tbd Bass Lk Rd Minneapolis, MN 55442
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