Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Blaine Mn Blaine, MN 55449
    Property profile & analytics

    Blaine Mn Blaine, MN 55449

    View on Map
    • Day care centers
    • 45,000 SF
    • 27.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 0 Blaine Mn

    Year built
    2025
    Lot size
    27.00 lot acres
    Property size
    45,000 SF
    Property type
    Day care centers
    Property subtype
    Retail properties & Spaces

    Description

    Lexington Crossings, a new 45,000 square foot retail development in Blaine, Minnesota, offers exceptional investment potential. Located at the southwest corner of 125th Ave. NE & Lexington Ave. NE, this 27-acre site is strategically positioned near planned residential projects, ensuring high visibility and foot traffic. The development, slated for completion in Q1 2025, comprises five single-story buildings and features a mix of retail, restaurant, and daycare spaces. Units range from 1,500 to 11,000 square feet, providing flexibility for various businesses. The property is zoned PUD (Planned Unit Development) in Anoka County (APN: 11-31-23-11-0001) and boasts a prominent anchor tenant, Jerry's Foods. Approximately 18-20 acres are buildable, with the remaining land consisting of wetlands. This development presents a unique opportunity to establish a presence in a rapidly growing residential area. The site's convenient location and diverse space options make it ideal for a variety of retail and restaurant concepts. Contact us today to learn more about the available spaces and secure your place in this thriving community. The property's zip code is 55449.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blaine
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.163
    Latitude
    45.1966

    Comparable in this City

    • Value Estimation by Request

      2180 105 Ave

      Office Spaces
      2180 105 Ave, Blaine, MN 55449
      View Details
    • Value Estimation by Request
      13.64 Acres

      109Th Ave

      Land • 594,158 SF
      0 109Th Ave, Blaine, MN 55449
      View Details
    • Value Estimation by Request
      4,652 SF

      9284 Baltimore St

      Automotive properties • 4,652 SF
      9284 Baltimore St, Blaine, MN 55449
      View Details
    • Value Estimation
      $985,000
      16,827 SF

      8284 35th Service NE Dr

      SERVICE STATION (FULL SERVICE) • 16,827 SF
      8284 35th Service NE Dr, Blaine, MN 55449-7255
      View Details
    • Value Estimation by Request
      0.09 Acres

      Minneapolis, MN 55449

      VACANT COMMERCIAL LAND • 0.09 Acres
      Minneapolis, MN 55449
      View Details
    • Value Estimation by Request
      0.51 Acres

      Minneapolis, MN 55449

      VACANT COMMERCIAL LAND • 0.51 Acres
      Minneapolis, MN 55449
      View Details

    Similar Nearby for Sale

    • $8,041,720
      16,998 SF

      National Sports Village Investment

      Leasehold investment property near the National Sports Center in Blaine.
      2180 105Th Ave NE, Blaine, MN 55449
      View Details
    • Contact for pricing
      5,740 SF

      Blaine Warehouse with Outdoor Storage

      5,740 SF building on 5.41 acres with outdoor storage.
      1741 Radisson Rd NE, Blaine, MN 55449
      View Details
    • $1,150,000
      8,500 SF

      Blaine Warehouse with Outdoor Storage

      8,500 SF warehouse on 1 acre lot with outdoor storage.
      1512 92Nd Ln NE, Blaine, MN 55449
      View Details
    • $995,000
      7.97 Acres

      Blaine Land for Commercial Development

      7.97 acres of land prime for commercial development.
      3101 125Th Ave NE, Blaine, MN 55449
      View Details
    • Contact for pricing

      Raw Land Near Retail

      Raw land near retail amenities and sports center.
      107Th Ave NE, Blaine, MN 55449
      View Details
    • Contact for pricing

      High Traffic Corner Land

      Corner lot with high traffic and explosive growth potential.
      12470 Lexington Ave NE, Blaine, MN 55449
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Commercial Development Opportunity in Blaine

      27-acre commercial development site anchored by Jerry's Foods.
      125th Ne & Lexington Ave NE, Blaine, MN 55449
      View Details
    • Contact for pricing
      10,400 SF

      Commercial Development Opportunity in Blaine

      27-acre commercial development site anchored by Jerry's Foods.
      125th Ne & Lexington Ave NE, Blaine, MN 55449
      View Details
    • Contact for pricing

      244-Acre Mixed-Use District Opportunity

      244-acre mixed-use district in Blaine, Minnesota.
      109Th Ave, Blaine, MN 55449
      View Details
    • Contact for pricing
      1,229 SF

      Retail Space Near I-35

      Retail space with easy access to I-35 and Lexington Ave.
      4335-4345 Pheasant Ridge Dr NE, Blaine, MN 55449
      View Details
    • $32 SF/Yr
      1,287 SF

      Retail Space Near National Sports Center

      Retail spaces for lease near Super Target and National Sports Center.
      1510 109Th Ave NE, Blaine, MN 55449
      View Details
    • Contact for pricing
      2,800 SF

      Modern Retail Space in Blaine

      Retail space in a modern, Starbucks-anchored shopping center.
      4190 108Th Ave NE, Blaine, MN 55449
      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.
    Blaine Mn
    Blaine, MN 55449
    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
    Blaine Mn, Blaine, MN, 55449
    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!