Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15091 18th St NE Little Falls, MN 56345

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land available as Walmart outlot.

    Type:Land
    Lot size:
    1.00 Acre
    Added:
    Nov 14, 2021
    Days on Market:
    1620
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 15091 18th St NE

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Land

    We can help!

    Listing Contact
    Thomas Flynn

    Listing agent Thomas Flynn License #OH

    Listing office CBRE - Akron Canton

    Listing date Nov 14, 2021

    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 CBRE - Akron Canton

    Overview

    Walmart Outlot Land For Sale

    This commercial land, comprising 1.0 acre, is available as a Walmart outlot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walmart Connection center Mobile Phone Store Walmart Pharmacy Pharmacy Walmart Photo Center (Bike/Boat/Book/etc) Store Walmart Liquor (Bike/Boat/Book/etc) Store Walmart Business Center Tech Support Center

    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
    Little Falls
    County
    Morrison
    State
    Minnesota
    Longitude
    -94.393155
    Latitude
    45.975772

    Nearby Similar for Sale

    • $289,900

      Versatile Warehouse with On-Site Living

      2.96-acre property with warehouse, apartment, and flexible commercial zoning.
      14228 133rd Street, Little Falls, MN 56345
      View Details
    • $514,900

      103 Acres Hunting Land Opportunity

      Hunting land with home/cabin building option near Little Falls.
      17931 205th Avenue, Belle Prairie Twp, MN 56345
      View Details
    • $65,000

      Residential Lots in Little Falls

      Residential lots available in Little Falls, MN with city utilities.
      Block 2 Lot 2 Weston Circle, Little Falls, MN 56345
      View Details
    • $65,000

      Residential Lots in Little Falls

      Residential land for new construction in Little Falls, Minnesota.
      Lot 25 Edmund Street, Little Falls, MN 56345
      View Details
    • $65,000

      Residential Lots in Little Falls

      Residential lots with city utilities, close to parks and recreation.
      Lot 17 Walker Lane, Little Falls, MN 56345
      View Details
    • $65,000

      Residential Lots in Little Falls

      Residential lots available in Little Falls, city water and sewer.
      Block 2 Lot 3 Weston Circle, Little Falls, MN 56345
      View Details
    • $65,000

      Residential Lots in Little Falls

      Residential lots available in Little Falls, MN with city utilities.
      Lot 12 Weston Circle, Little Falls, MN 56345
      View Details
    • $65,000

      Residential Lots in Little Falls

      Residential lots available in Little Falls, MN with city utilities.
      Lot 23 Edmund Street, Little Falls, MN 56345
      View Details
    • $65,000

      Residential Lots in Little Falls

      Residential lots available in Little Falls, MN with city utilities.
      Lot 26 Edmund Street, Little Falls, MN 56345
      View Details
    • $119,000

      Heavily Wooded Land with Pond

      7.06 acres of wooded land near Little Falls, MN.
      Tbd 153rd St 153rd, Little Falls, MN 56345
      View Details
    • $297,000

      Prime Land in Little Falls

      3-acre property with development potential in a desirable location.
      900 6th Avenue NE, Little Falls, MN 56345
      View Details
    • $129,900

      Land for Residential Development

      13-acre property ideal for building a home or cabin.
      Tbd 205th Avenue, Belle Prairie Twp, MN 56345
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available as Walmart outlot.
    Where is this commercial land located?
    The property is located at 15091 18th St NE Little Falls, MN.
    What are key features of this property?
    This property features: Walmart Outlot; 1.0 acre
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Flynn
    Real Estate License ID: OH
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!