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    651 Rose Dr Big Lake, MN 55309

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    For Lease
    Contact for pricing

    Prime location, high traffic, established center

    Lot size:
    1,250 SF

    Property Features for 651 Rose Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,250 SF

    Spaces For Lease

    at 651 Rose Dr, Big Lake, MN 55309 Contact us
    Unit

    $12 /Mo

    Size
    1,250 SF
    Contact us

    We can help!

    Listing Contact
    Jacob Cleveland
    Jacob Cleveland

    Listing Agency: Inventure Real Estate Listing Agent: Jacob Cleveland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 1,250 sq. ft. restaurant space is located in the Lake Shopping Center in Big Lake, Minnesota, offering exceptional visibility and accessibility. Situated just one block from Highway 10, boasting a daily traffic count of 21,000 vehicles, this property benefits from high traffic volume and strong local consumer base. The shopping center is anchored by well-established businesses like Lake Liquors and Hardware Hank, and includes other tenants such as Snap Fitness, Grind Nutrition, Two Cute Boutique, and Subway, creating a vibrant and diverse retail environment. The space itself features a fully equipped commercial kitchen, including a walk-in cooler, which will be available to the new tenant. A private bathroom is conveniently located within the suite. The property also offers a shared common area vestibule for customer seating and a prime signage location on the building's side facing Highway 10, ensuring maximum brand exposure. Big Lake's population of over 11,000 (2020 census), with a significant portion residing within a three-mile radius, guarantees a strong local customer base. The property's proximity to major housing developments and the Big Lake School District further enhances its appeal and potential for success. This is a turn-key opportunity for a restaurant operator seeking a high-visibility location in a thriving community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Snap Fitness Big ... Gym & Fitness Center Grind Nutrition Cafe & Coffee Shop Two Cute Boutique (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Lake
    County
    Sherburne
    State
    Minnesota
    Longitude
    -93.7374668
    Latitude
    45.3338581

    Nearby Similar for Lease

    • Contact for pricing
      1,647 SF

      Retail Space Available For Lease

      1,647 SF retail space available for lease.
      726 Martin Ave, Big Lake, MN 55309
      View Details
    • Contact for pricing
      1,312 SF

      Retail Space with Private Entrance

      Retail space featuring individual entrances and a private restroom.
      751 Rose Dr, Big Lake, MN 55309
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime location, high traffic, established center
    Where is this restaurant located?
    The property is located at 651 Rose Dr Big Lake, MN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1,250 sq. ft. single-tenant restaurant space in Sherburne County.; High-visibility location in Lake Shopping Center, Big Lake, MN, one block from Highway 10 (21,000 VPD).; Strong local consumer base; Big Lake population (2020) over 11,000 within a three-mile radius.
    (320) 291-8625 Call to check price and availability
    Request Owner's contact information
    651 Rose Dr Big Lake, MN 55309
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    Big Lake, MN 55309
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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
    651 Rose Dr Big Lake, MN 55309
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jacob Cleveland
    Jacob Cleveland
    Real Estate License ID: 40793812
    (320) 291-8625 (320) 980-2300
    Learn more
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