Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Xxx Rice Lk Rd Duluth, MN 55811

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    Xxx Rice Lk Rd Duluth, MN 55811

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

    Current Use by Public Records

    • Land

    Property Details for 0 Xxx Rice Lk Rd

    Lot size
    22.40 lot acres
    Property type
    Land

    Description

    This exceptional 22.4-acre commercial land parcel presents a unique investment opportunity in Duluth, Minnesota. Located at the highly visible corner of Rice Lake Road and Martin Road, this property boasts significant development potential. The site is strategically positioned adjacent to the burgeoning Boomtown area, capitalizing on its growth and attracting a diverse range of businesses. The property's zoning is a blend of Commercial and R-1, offering flexibility for a variety of uses. The parcel is identified by APN numbers 520-0017-00590 and 520-0017-00580. A proposed roundabout at the intersection will further enhance visibility and accessibility. While property taxes are to be determined following a parcel split, this prime location offers substantial long-term value. This is an exceptional chance to secure a large, strategically located site in a rapidly developing area of Duluth. The property's size and location make it suitable for a wide range of commercial ventures, from retail and hospitality to light industrial and office spaces. The proximity to Boomtown ensures high traffic volume and visibility, making it an attractive proposition for businesses seeking a prominent location. Don't miss this opportunity to acquire a significant piece of Duluth's commercial landscape. The address is xxx Rice Lake Rd, Duluth, MN 55811.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St Louis
    State
    Minnesota
    Longitude
    -92.1534
    Latitude
    46.8693

    Comparable in this City

    • Value Estimation by Request
      3.50 Acres

      B2 Norway Pne Pl

      Land • 3.50 Acres
      B2 Norway Pne Pl, Hermantown, MN 55811
      View Details
    • Value Estimation by Request
      1.00 Acre

      4876 Arrowhead Rd

      Land • 1.00 Acre
      4876 Arrowhead Rd, Hermantown, MN 55811
      View Details
    • Value Estimation by Request

      602 Upham Rd

      Land
      602 Upham Rd, Duluth, MN 55811
      View Details
    • Value Estimation by Request
      4.00 Acres

      5241 Miller Trunk Hwy

      Land • 4.00 Acres
      5241 Miller Trunk Hwy, Hermantown, MN 55811
      View Details
    • Value Estimation by Request
      2.50 Acres

      Norway Pne Pl

      Land • 2.50 Acres
      0 Norway Pne Pl, Hermantown, MN 55811
      View Details
    • Value Estimation by Request
      1.55 Acres

      2546 Maple Grove Rd

      Land • 1.55 Acres
      2546 Maple Grove Rd, Duluth, MN 55811
      View Details

    Similar Nearby for Sale

    • $350,000
      40.00 Acres

      40 Acres of Raw Land

      40 acres of raw land near Pike Lake area.
      Xxxx Hwy 194, Duluth, MN 55811
      View Details
    • Contact for pricing

      Land For Future Development

      Land available for future development in Hermantown, Minnesota.
      Miller Trunk Hwy, Hermantown, MN 55811
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Maple Grv Rd & Joshua Ave, Duluth, MN 55811
      View Details
    • $499,000
      6.49 Acres

      High-Visibility Commercial Land, Hwy 53

      6.49 Acres, High Traffic, Hwy 53 Frontage
      5468 Miller Trunk Hwy, Hermantown, MN 55811
      View Details
    • $299,900
      1 SF

      Hermantown Commercial Acre Lot

      Prime 1-acre commercial lot, expansion potential.
      4876 Arrowhead Rd, Hermantown, MN 55811
      View Details
    • $1,200,000
      12.87 Acres

      Hermantown Development Site Opportunity

      Prime development site for residential or multi-family project in Hermantown.
      507x Maple Grove Rd, Hermantown, MN 55811
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Hermantown

      Land available for rent in Hermantown, Minnesota.
      5313 Miller Trunk Hwy, Hermantown, MN 55811
      View Details
    • Contact for pricing

      Office/Retail Space in Duluth

      4,418 SF office/retail space available in Duluth, MN.
      2520 Maple Grove Rd, Duluth, MN 55811
      View Details
    • Contact for pricing
      6,000 SF

      Duluth Office Space For Rent

      9,000 SF office space available for lease.
      3517 W Arrowhead Rd, Duluth, MN 55811
      View Details
    • Contact for pricing
      27,561 SF

      Class A Office Sublet Opportunity

      High-end Class A office space available for sublease.
      4316 Rice Lake Rd, Duluth, MN 55811
      View Details
    • Contact for pricing

      Accessible Office Space Near Airport

      Office space for rent with great access and visibility.
      4891 Miller Trunk Hwy, Hermantown, MN 55811
      View Details
    • Contact for pricing
      1,620 SF

      Retail Space in Central Entrance

      Retail space available in expanding central entrance corridor.
      102 E Central Entrance, Duluth, MN 55811
      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.
    Xxx Rice Lk Rd
    Duluth, MN 55811
    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
    Xxx Rice Lk Rd, Duluth, MN, 55811
    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!