Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29474 Co Hwy 5 Ottertail, MN 56571
    Property profile & analytics

    29474 Co Hwy 5 Ottertail, MN 56571

    View on Map
    • Commercial real estate
    • 1,280 SF
    • 0.11 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 29474 Co Hwy 5

    Lot size
    0.11 lot acres
    Property size
    1,280 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,280 square foot storage building presents a fantastic investment opportunity in Ottertail, MN. Located at 29474 Co Hwy 5 Unit 9, this well-constructed unit boasts premium features including a 2x6 stick-built frame with scissor trusses for increased interior height. The building measures 32 x 40 x 14 feet and includes attractive two-tone wainscoting. Durable 4-inch reinforced concrete floors extend 4 feet beyond the building, providing a solid and practical apron. An insulated overhead door ensures easy access, while rodent sealing and basic 100-amp electric wiring provide essential utilities. The property sits on a 0.11-acre lot. A low association fee covers common area and driveway maintenance, including snow removal. Please note that water and sewer are not available on-site. A detailed site plan is available upon request. This is a turnkey solution for storage needs, offering a strong return on investment. The price is subject to change due to potential material cost fluctuations. This is a rare opportunity to acquire a well-built, functional storage unit in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ottertail
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -95.613
    Latitude
    46.3886

    Comparable in this City

    • Value Estimation by Request
      0.36 Acres

      Ottertail, MN 56571

      COMMERCIAL (GENERAL) • 0.36 Acres
      Ottertail, MN 56571
      View Details
    • Value Estimation by Request

      Ottertail, MN 56571

      COMMERCIAL (GENERAL)
      Ottertail, MN 56571
      View Details
    • Value Estimation by Request
      1,320 SF

      46650 290th St

      COMMERCIAL (GENERAL) • 1,320 SF
      46650 290th St, Ottertail, MN 56571
      View Details
    • Value Estimation by Request
      864 SF

      105 Main St

      COMMERCIAL (GENERAL) • 864 SF
      105 Main St, Ottertail, MN 56571-9998
      View Details
    • Value Estimation by Request
      1,772 SF

      211 Mn Hwy 78th N

      COMMERCIAL (GENERAL) • 1,772 SF
      211 Mn Hwy 78th N, Ottertail, MN 56571-7015
      View Details
    • Value Estimation
      $1,035,000
      15,704 SF

      328 Mn Hwy 78th N

      COMMERCIAL (GENERAL) • 15,704 SF
      328 Mn Hwy 78th N, Ottertail, MN 56571-7050
      View Details

    Similar Nearby for Sale

    • $30,000
      1.18 Acres

      Residential Land in Ottertail, MN

      1.18-acre residential lot with city utilities in Ottertail, MN.
      E 2Nd St, Ottertail, MN 56571
      View Details
    • $145,000
      18.30 Acres

      Leaf Lake Land with Water Frontage

      18-acre land with lake and river frontage for building.
      512xx Leaf River Rd, Ottertail, MN 56571
      View Details
    • $150,000
      Pending

      Lake and River Frontage Land

      5.2 acres with 640' lake and river frontage.
      E Tract E, Ottertail, MN 56571
      View Details
    • $125,000
      12.48 Acres

      Land with Lake and River Frontage

      12.5 acres of land and water with river frontage.
      514xx Leaf River Rd, Ottertail, MN 56571
      View Details
    • New
      $345,000
      1.56 Acres

      Prime Commercial Lot in Ottertail

      Commercial lot in the heart of lakes country.
      101 Otter Dr, Ottertail, MN 56571
      View Details
    • $89,000
      1.60 Acres

      Leaf Lake Shoreline Lot

      Lakefront lot with 154 feet of shoreline.
      Tbd Leaf Riv Rd, Ottertail, MN 56571
      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.
    29474 Co Hwy 5
    Ottertail, MN 56571
    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
    29474 Co Hwy 5, Ottertail, MN, 56571
    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!