Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7827 Us-169 Garrison, MN 56450
    Back to Search
    Property profile & analytics

    7827 Us-169 Garrison, MN 56450

    View on Map
    • Land
    • 6,936 SF
    • 1.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7827 Us-169

    Lot size
    1.97 lot acres
    Property size
    6,936 SF
    Property type
    Land
    Property subtype
    Hospitality properties

    Description

    This exceptional 1.97-acre lakeshore property in Garrison, Minnesota, presents a unique investment opportunity. The iconic Twin Pines Resort boasts a 6,936 square foot main building housing a full-service restaurant and bar, a commercial kitchen, six hotel rooms, and a full basement with office space, storage, and laundry facilities. Six additional cabins provide further lodging options. The property includes four launch boats, a 400-foot dock, and related equipment. A significant asset is the 35 fish house rentals, along with various ice road trucks and plows. The resort also benefits from 200 feet of sandy lakeshore. Built in phases (1956 and 1990), with renovations completed in 2018, the property comprises four buildings across two stories and features thirteen keys and eighteen beds. The resort currently operates with a seasonal schedule, offering substantial potential for increased revenue. The property is zoned Commercial. Shoreland and includes an existing owner's home, available for separate purchase or lease. Adjacent properties are also available for purchase by the resort buyer. The asking price of $1,490,000 includes all listed assets. Motivated sellers are willing to provide buyer support during the first year of operation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garrison
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -93.8241
    Latitude
    46.2699

    Comparable in this City

    • Value Estimation by Request

      Garrison, MN 56450

      HOTEL-RESORT
      Garrison, MN 56450
      View Details
    • Value Estimation by Request

      Garrison, MN 56450

      HOTEL-RESORT
      Garrison, MN 56450
      View Details
    • Value Estimation by Request

      Garrison, MN 56450

      HOTEL-RESORT
      Garrison, MN 56450
      View Details
    • Value Estimation by Request

      Garrison, MN 56450

      HOTEL-RESORT
      Garrison, MN 56450
      View Details
    • Value Estimation by Request

      Garrison, MN 56450

      HOTEL-RESORT
      Garrison, MN 56450
      View Details
    • Value Estimation by Request

      Garrison, MN 56450

      HOTEL-RESORT
      Garrison, MN 56450
      View Details

    Similar Nearby for Sale

    • $51,999
      0.22 Acres

      Mille Lacs Getaway Lot

      Recreational lot near Mille Lacs with campers and amenities.
      18134 Marina Way, Garrison, MN 56450
      View Details
    • Contact for pricing
      0.46 Acres

      Wooded Lot Near Mille Lacs

      Buildable lot near golf course, ideal for cabin.
      Xxx County Rd 138, Garrison, MN 56450
      View Details
    • $149,000
      1.15 Acres

      Land Near Mille Lacs Lake

      1.15 acre lot near Mille Lacs Lake in Garrison, MN.
      Tract D Linden St, Garrison, MN 56450
      View Details
    • New
      $49,900
      Pending

      Land Near Mille Lacs

      Residential lot near Mille Lacs, casino, and golf course.
      18522 Captive Lake Rd, Garrison, MN 56450
      View Details
    • $30,000
      0.96 Acres

      Land Near Lake Mille Lacs

      Residential land near Lake Mille Lacs with endless possibilities.
      Tbd Deer Trl, Garrison, MN 56450
      View Details
    • New
      Contact for pricing
      0.24 Acres

      Land Near Mille Lacs Lake

      Half-acre retreat near Mille Lacs Lake, golf, and camping.
      Tbd Tbd, Garrison, MN 56450
      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.
    7827 Us-169
    Garrison, MN 56450
    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
    7827 Us-169, Garrison, MN, 56450
    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!