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    96 8 St Waconia, MN 55387
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    96 8 St, Waconia, MN 55387

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    • Warehouses
    • 1,550 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 96 8 St

    Property type
    Warehouses
    Property subtype
    Industrial properties

    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
    Waconia
    County
    Carver
    State
    Minnesota
    Longitude
    -93.7791
    Latitude
    44.8418

    Comparable in this City

    • Value Estimation by Request
      1,350 SF

      96 8 St

      Distribution properties
      96 8 St, Waconia, MN 55387
      View Details
    • Value Estimation
      $575,000
      4,800 SF

      401 Industrial Blvd

      DISTRIBUTION WAREHOUSE
      401 Industrial Blvd, Waconia, MN 55387-1741
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    • Value Estimation by Request
      4,000 SF

      323 Birch St, Unit 325

      DISTRIBUTION WAREHOUSE
      323 Birch St, Waconia, MN 55387-1809
      View Details
    • Value Estimation
      $1,890,000
      20,160 SF

      300 Industrial Blvd

      DISTRIBUTION WAREHOUSE
      300 Industrial Blvd, Waconia, MN 55387
      View Details
    • Value Estimation
      $1,855,000
      20,160 SF

      200 Industrial Blvd

      DISTRIBUTION WAREHOUSE
      200 Industrial Blvd, Waconia, MN 55387
      View Details
    • Value Estimation
      $2,775,000
      29,440 SF

      888 Industrial Blvd

      DISTRIBUTION WAREHOUSE
      888 Industrial Blvd, Waconia, MN 55387
      View Details

    Similar Nearby for Sale

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      8,938 SF

      Established Brewery Business Opportunity

      Turnkey brewery with strong brand, loyal customers, and growth potential.
      Business For Sale, Waconia, MN 55387
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    • Contact for pricing

      Established Brewery in Prime Location

      Turnkey brewery with strong brand recognition and growth potential.
      255 West Main St, Waconia, MN 55387
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    • $1,473,360
      7.00 Acres

      7 Acre Waconia Parcel

      7 acre parcel in the heart of Waconia, Minnesota.
      10 St, Waconia, MN 55387
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    • Contact for pricing

      Waconia Commercial Land Opportunity

      1.1 acre commercial lot in Waconia, utilities to curb.
      710 Vista Blvd, Waconia, MN 55387
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    • Contact for pricing

      Prime Commercial Land Opportunity

      1.43 acre commercial land parcel with B-1 zoning.
      811 Village Way, Waconia, MN 55387
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    • Contact for pricing

      Prime Land in Growing Waconia

      Land sites available in a high-growth area near retailers.
      889 Village Way, Waconia, MN 55387
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    Similar Nearby for Lease

    • Contact for pricing
      1,259 SF

      Waconia Tech Center Flex Space

      Flex space ideal for commercial use or storage.
      96 E 8 St, Waconia, MN 55387
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    • Contact for pricing
      450 SF

      Waconia Tech Center II Space

      Flex space ideal for storage or commercial use.
      96 8 St E, Waconia, MN 55387
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    • Contact for pricing

      Industrial Property For Lease

      Industrial property available for lease in Waconia, Minnesota.
      141 Industrial Blvd, Waconia, MN 55387
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    • Contact for pricing
      10,961 SF

      Industrial Space with Outdoor Storage

      Industrial space with outdoor storage available for rent in Waconia.
      820 S Pine St, Waconia, MN 55387
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    • Contact for pricing

      Waconia Industrial Self Storage Space

      Industrial self-storage space for lease in Waconia, Minnesota.
      96 E 8 St, Waconia, MN 55387
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    • Contact for pricing

      Industrial Self Storage For Lease

      Industrial self-storage space for lease, located across from water tower.
      96 8 St, Waconia, MN 55387
      View Details
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    Waconia, MN 55387
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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.

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