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    Nw & Sunwood Dr Ramsey, MN 55303

    Sponsored
    For Sale
    $2,345,270

    13.46 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 13.46-acre commercial land parcel presents a remarkable investment opportunity in Ramsey, Minnesota. Located at the northeast corner of Zeolite Street NW and Sunwood Drive, this property boasts unparalleled accessibility. Enjoy immediate access to both Zeolite Street and Sunwood Drive, providing effortless connectivity for businesses and customers. The site benefits from easy access to Highway 10 and Civic Center Drive, further enhancing its strategic location. Commuters will appreciate the close proximity to the Northstar Commuter Rail Station, offering convenient access to downtown Minneapolis, just 30 minutes away. Zoned COR, this versatile property allows for a wide range of development possibilities, including retail, hospitality, office, and medical office spaces, making it ideal for mixed-use projects. The property's potential is further amplified by its location within the Anoka-Hennepin ISD #11 school district. The asking price is $2,345,270, with a land value of $4 per square foot. The property's APN numbers are 28-32-25-24-0017 and 28-32-25-31-0025. This prime location and flexible zoning make this a truly exceptional opportunity for developers seeking a high-impact commercial development project in a thriving community. Don't miss this chance to acquire a significant piece of Ramsey's commercial landscape.

    Property Features for 0 Nw & Sunwood Dr

    General Information

    Property type
    Land
    Lot Size
    586,318 SF

    HighLights

    • Prime northeast corner location at Zeolite St NW and Sunwood Dr.
    • Excellent access to Zeolite St and Sunwood Dr.
    • Convenient access to Hwy 10 and Civic Center Dr.
    • Near Northstar Commuter Rail Station.
    • 30‑minute commute to downtown Minneapolis.
    • COR zoning allows retail, hospitality, office, and medical uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ramsey
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.466698
    Latitude
    45.2351404

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    FAQs

    What type of property is this?
    Land - 13.46 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at Nw & Sunwood Dr Ramsey, MN.
    What is the asking price?
    The asking price for this property is $2,345,270.
    What are key features of this property?
    This property features: Prime northeast corner location at Zeolite St NW and Sunwood Dr.; Excellent access to Zeolite St and Sunwood Dr.; Convenient access to Hwy 10 and Civic Center Dr.
    Request Owner's contact information
    Nw & Sunwood Dr Ramsey, MN 55303
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    Ramsey, MN 55303
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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
    Nw & Sunwood Dr Ramsey, MN 55303
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