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    8156 Hwy 65th NE Spring Lake Park, MN 55432-2020

    • Commercial real estate
    • 2,048 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US46-0334038
    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 8156 Hwy 65th NE

    Year built
    1976
    Construction
    WOOD FRAME
    Lot size
    0.71 lot acres
    Property size
    2,048 SF
    Property type
    Commercial real estate
    APN
    01-30-24-24-0013
    APU
    13024240013

    Description

    This exceptional investment opportunity presents a freestanding Pizza Hut restaurant located at 8156 Hwy 65 NE, Minneapolis, MN 55432, in Anoka County. The property, built in 1976, sits on a 0.71-acre lot and encompasses 2,048 square feet. Currently operating under a single-tenant, absolute NNN lease with Pizza Hut, the lease has a remaining term of 6.1 years, expiring December 31, 2030, and includes a 5-year option. The property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $61,200, resulting in a 4.50% cap rate. The asking price is $1,360,000, translating to $664.06 per square foot. This location benefits from high daily traffic counts and favorable traffic patterns, situated in a high-growth area with numerous retail and non-retail traffic drivers. The property's strong performance and long-term lease make it an attractive investment prospect. The sale is offered by the owner. This is a rare opportunity to acquire a well-established, high-performing Pizza Hut location with significant upside potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $345,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $395,000
      Mixed-Use
      $320,000
      Hospitality
      $350,000
      Educational
      $405,000
      Residential Income
      $395,000
      Energy
      $430,000
      Income-Based Land
      $310,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake Park
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2419
    Latitude
    45.1161
    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
    2024
    $10,703
    $218,400
    $234,900
    $453,300
    -
    $218,400
    $234,900
    $453,300

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    Spring Lake Park, MN 55432-2020
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    Realmo Value Estimation

    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.

    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.

    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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