Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Elder Dr Baxter, MN 56425
    Back to Search
    Property profile & analytics

    Elder Dr Baxter, MN 56425

    View on Map
    • Land
    • 2.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Elder Dr

    Lot size
    2.48 lot acres
    Property type
    Land

    Description

    This exceptional 2.48-acre commercial land parcel presents a remarkable investment opportunity in Baxter, Minnesota. Zoned C2 - Regional Commercial, this property boasts unparalleled visibility and accessibility, with road frontage on all sides. Its strategic location places it in close proximity to major retail anchors such as Costco, Home Depot, and Super Walmart, as well as numerous other medium-sized retailers and medical service businesses. This synergistic environment ensures high traffic counts and excellent exposure for any commercial development. The property's substantial size offers ample space for a variety of commercial ventures, capitalizing on the thriving commercial activity in the area. The asking price is $799,000. Situated in Crow Wing County, at the address Elder Dr S, Baxter, MN 56425 (latitude 46.3471122, longitude -94.2489464), this site is ideally positioned to benefit from the continued growth and development of the Baxter commercial sector. This is a rare opportunity to acquire a prime commercial site in a high-demand location. Don't miss out on this chance to establish your business in a thriving and well-established commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baxter
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2489
    Latitude
    46.3471

    Comparable in this City

    • Value Estimation by Request
      1.33 Acres

      210 And Cypress Dr

      Land • 1.33 Acres
      210 And Cypress Dr, Baxter, MN 56425
      View Details
    • Value Estimation by Request
      8.80 Acres

      371 Ironwood Dr Hwy

      Land • 8.80 Acres
      371 Ironwood Dr Hwy, Baxter, MN 56425
      View Details
    • Value Estimation by Request
      0.76 Acres

      Forestview Dr

      Land • 0.76 Acres
      0 Forestview Dr, Baxter, MN 56425
      View Details
    • Value Estimation by Request
      1.03 Acres

      L3B2 Forestview Dr

      Land • 1.03 Acres
      L3B2 Forestview Dr, Baxter, MN 56425
      View Details
    • Value Estimation by Request
      1.28 Acres

      Highway 210

      Land • 1.28 Acres
      0 Highway 210, Baxter, MN 56425
      View Details
    • Value Estimation by Request
      0.62 Acres

      L2B1 College Rd

      Land • 0.62 Acres
      L2B1 College Rd, Baxter, MN 56425
      View Details

    Similar Nearby for Sale

    • $649,000
      0.97 Acres

      Hwy 210 Baxter Commercial Land

      Prime Baxter commercial land, high traffic location.
      0 State Highway 210, Baxter, MN 56425
      View Details
    • $385,000
      1.14 Acres

      Baxter Industrial Land - $385K

      Prime Baxter location, 1.14 acres, high visibility.
      0 Industrial Park Rd, Baxter, MN 56425
      View Details
    • $199,000
      1.33 Acres

      Baxter Commercial Land - Hwy 210

      High-traffic corner lot, prime location.
      210 And Cypress Dr, Baxter, MN 56425
      View Details
    • $65,000
      0.55 Acres

      Baxter Commercial Land: Prime Location

      Half-acre lot, ideal office-service business.
      0 Fairview Rd, Baxter, MN 56425
      View Details
    • Contact for pricing

      Fairview Office Park Buildable Site

      Buildable commercial site in thriving Fairview Office Park.
      Bluestem Ct, Baxter, MN 56425
      View Details
    • Contact for pricing

      Land at Highway Intersection

      Large commercial land tract at a high-traffic intersection.
      7444 Fairview Rd N, Baxter, MN 56425
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Central Lakes Crossing Development Site

      7.9-acre site suitable for retail, office, and more.
      7361 Glory Rd, Baxter, MN 56425
      View Details
    • Contact for pricing

      Commercial Pad Site For Lease

      Pad site available for ground lease in Baxter's retail area.
      7565 Excelsior Rd, Baxter, MN 56425
      View Details
    • Contact for pricing

      Office Building in Fairview Office Park

      Multi-tenant office building with leasing opportunities in thriving location.
      13760 Bluestem Ct, Baxter, MN 56425
      View Details
    • Contact for pricing

      Retail Space in Grizzly's Center

      End-cap retail space in high-traffic Baxter location.
      15133 Edgewood Dr, Baxter, MN 56425
      View Details
    • Contact for pricing

      End-Cap Office Space Available

      Office space in Grizzly's Center, Baxter, MN, for rent.
      15167 Edgewood Dr, Baxter, MN 56425
      View Details
    • Contact for pricing

      Single-Tenant Office in Fairview Office Park

      Well-maintained office building in high-growth area with excellent visibility.
      13794 Bluestem Ct, Baxter, MN 56425
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Elder Dr
    Baxter, MN 56425
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Elder Dr, Baxter, MN, 56425
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!