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    5Th St Lake Elmo, MN 55042
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    5Th St, Lake Elmo, MN 55042

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    • Land
    • 17.35 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 5Th St

    Lot size
    17.35 lot acres
    Property type
    Land

    Description

    This exceptional ±17.35-acre commercial land parcel presents a unique investment opportunity in the desirable Lake Elmo, Minnesota area. Located near the intersection of Inwood Avenue North and 5th Street North, this property boasts a prime location with convenient access to shopping, parks, and schools. The site is zoned C-Commercial, offering flexibility for a variety of commercial uses, including retail, medical, office, or other commercial developments. Utilities are readily available at the property boundaries, simplifying the development process. The property is divisible, allowing for the creation of smaller parcels to suit individual needs and project scopes. This presents a significant advantage for developers seeking to maximize the land's potential. Situated within the North St. Paul Maplewood Area School District, this location offers a strong community presence and a desirable demographic profile. The property's strategic location and zoning make it an ideal choice for businesses seeking high visibility and accessibility. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Minnesota community. The address is NEQ Inwood Ave N and 5th St N, Lake Elmo, MN 55042.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elmo
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9338
    Latitude
    44.9701

    Comparable in this City

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      30,020 SF

      8515 Eagle Pt Blvd

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    • Value Estimation
      $640,000
      4,750 SF

      11260 Hudson N Blvd

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    • Value Estimation
      $2,390,000
      9,918 SF

      8980 Hudson N Blvd

      COMMERCIAL (GENERAL)
      8980 Hudson N Blvd, Lake Elmo, MN 55042-9704
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    • Value Estimation
      $6,380,000
      64,341 SF

      8650 Hudson N Blvd

      COMMERCIAL (GENERAL)
      8650 Hudson N Blvd, Lake Elmo, MN 55042-9747
      View Details
    • Value Estimation by Request
      0.17 Acres

      Lake

      VACANT COMMERCIAL LAND
      Lake, Elmo, MN 55042
      View Details
    • Value Estimation by Request
      0.02 Acres

      Lake

      VACANT COMMERCIAL LAND
      Lake, Elmo, MN 55042
      View Details

    Similar Nearby for Sale

    • $210,900

      Land For Sale

      Land available in Lake Elmo, Washington County.
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      Lake Elmo Land Available

      17.35 acres of land for sale in Lake Elmo.
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      Lake Elmo Land For Sale

      Land available for sale in Lake Elmo, Minnesota.
      2298 Inwood Ave N, Lake Elmo, MN 55042
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      Lake Elmo Land Available

      Land available for sale in Lake Elmo, Minnesota.
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      Commercial Land Near Inwood Avenue

      1.93 acre commercial land parcel for retail or office.
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    • $2,400,000
      78.38 Acres

      Lake Elmo Land Opportunity

      Large residential land parcel available in Lake Elmo, Minnesota.
      2298 Inwood Ave N, Lake Elmo, MN 55042
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    Similar Nearby for Lease

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      Land with I-94 Exposure

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      3,456 SF

      Lake Elmo Office Space Available

      Class A office space with great access and visibility.
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      30,308 SF

      Lake Elmo Warehouse Spaces

      Warehouse spaces available for lease in Lake Elmo, Minnesota.
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      4,151 SF

      Class A Medical Office Space

      Medical office building with high visibility and convenient patient access.
      8650 Hudson Blvd N, Lake Elmo, MN 55042
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      Office Space in Business Park

      Office space in a 120-acre master-planned business park.
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    • Sponsored
      Contact for pricing

      Lake Elmo

      Discover many ways to work your way in Lake Elmo
      8530 Eagle Point Blvd, Lake Elmo, MN 55042
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    Lake Elmo, MN 55042
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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
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