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    Retail Space in Growing Baxter Title is generated by Realmo AI

    14230 Dellwood Dr, Baxter, MN 56425

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    Retail space in a fast-growing community near Brainerd.

    Type:Retail
    Property size:
    6,000 SF
    Price / SF:
    $340/SF
    Added:
    Aug 8, 2024
    Days on Market:
    653
    Last Refresh:
    May 13 at 8:22 pm

    Property Features for 14230 Dellwood Dr

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Garett Smith

    Listing agent Garett Smith License #MN 40700158

    Listing office Blacktree Inc

    Listing date Aug 8, 2024

    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 Blacktree Inc

    HighLights

    • Located in Baxter, a fast‑growing community with large retail stores.
    • Access to the 500‑acre Northland Arboretum and the Paul Bunyan State Trail.
    • Gateway location to the Brainerd Lakes Area with over 500 lakes and rivers.
    • Proximity to world‑class golfing, fishing, boating, and other outdoor activities.
    • Close to Minnesota State Highways 210 and 371.
    • Property built in 2016.

    Overview

    Located in Baxter, Crow Wing County, Minnesota, this retail space benefits from its location just north of the state's geographical center. Baxter is known for its numerous lakes and ponds and is bordered by Cass County to the west and Brainerd to the east. Minnesota State Highways 210 and 371 serve as primary transportation routes within the city. Baxter has experienced rapid growth, particularly in the wooded area west of Minnesota Highway 371, attracting customers from surrounding communities with its large retail stores. The 500-acre Northland Arboretum, situated at the trailhead to the Paul Bunyan State Trail, is a notable green space shared with Brainerd. The Paul Bunyan Trail extends over 75 miles from Baxter to Bemidji, offering scenic views of area lakes. The communities of Brainerd and Baxter act as gateways to the Brainerd Lakes Area, which features over 500 lakes and rivers, parks, and forests, supporting activities such as golfing, fishing, boating, biking, snowmobiling, and kayaking. The property offers 6000 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baxter
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.243926
    Latitude
    46.3578891

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    FAQs

    What type of property is this?
    Retail space - Retail space in a fast-growing community near Brainerd.
    Where is this retail space located?
    The property is located at 14230 Dellwood Dr Baxter, MN.
    What is the asking price?
    The asking price for this property is $2,041,920.
    What are key features of this property?
    This property features: Located in Baxter, a fast‑growing community with large retail stores.; Access to the 500‑acre Northland Arboretum and the Paul Bunyan State Trail.; Gateway location to the Brainerd Lakes Area with over 500 lakes and rivers.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Garett Smith
    Real Estate License ID: MN 40700158
    Learn More
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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
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