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    210 And Cypress Dr Baxter, MN 56425

    Sponsored
    For Sale
    $199,000

    High-traffic corner lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 1.33-acre commercial land parcel presents a remarkable investment opportunity in Baxter, Minnesota. Situated at the highly visible southeast corner of Highway 210 and Cypress Drive, this property boasts unparalleled access and exposure. The C2 - Regional Commercial zoning allows for a wide range of commercial uses, capitalizing on the substantial traffic counts of 24,400 vehicles daily on Highway 210 and 5,400 on Cypress Drive (north of Hwy 210). The lot features impressive road frontage: 152.74 feet along Highway 210 and 288.69 feet along Cypress Drive, offering ample space for development. With dimensions of approximately 150.78’ x 137.91’ x 152.74’ x 274’ x 228.22’, this property provides significant flexibility for design and construction. All city utilities are available, including water, sewer, natural gas, electricity, internet, and phone. The property's strategic location places it amongst established businesses such as Harley Davidson, Super One Foods, Americinn, and numerous others within the Baxter Industrial Park and surrounding areas. The asking price is $199,000, and the 2020 annual property tax was $11,642. The Parcel ID number is 40080799. This is a rare opportunity to acquire a prime commercial site in a thriving community. Don't miss out on this exceptional chance to establish your business in a high-traffic, highly visible location.

    Property Features for 210 And Cypress Dr

    General Information

    Property type
    Land
    Lot Size
    57,935 SF

    HighLights

    • 1.33‑acre commercial lot at the highly visible SE corner of Hwy 210 and Cypress Drive in Baxter, MN.
    • Lot size: 1.33 acres (57,935 sq ft), dimensions approx. 150.78' x 137.91' x 152.74' x 274' x 228.22'.
    • Road frontage: 152.74' on Hwy 210 and 288.69' on Cypress Drive.
    • 2020 property taxes: $11,642.
    • City water, sewer, natural gas, electric, internet, and phone available.
    • High traffic counts: 24,400 vehicles daily on Hwy 210 and 5,400 on Cypress Drive (north of Hwy 210).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Baxter
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2339485
    Latitude
    46.3534221

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, prime location.
    Where is this land located?
    The property is located at 210 And Cypress Dr Baxter, MN.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 1.33-acre commercial lot at the highly visible SE corner of Hwy 210 and Cypress Drive in Baxter, MN.; Lot size: 1.33 acres (57,935 sq ft), dimensions approx. 150.78' x 137.91' x 152.74' x 274' x 228.22'.; Road frontage: 152.74' on Hwy 210 and 288.69' on Cypress Drive.
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    210 And Cypress Dr Baxter, MN 56425
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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.

    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
    210 And Cypress Dr Baxter, MN 56425
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