Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Glen Rd Newport, MN 55055
    Back to Search
    Property profile & analytics

    Glen Rd, Newport, MN 55055

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

    Current Use by Public Records

    • Land

    Property Details for 0 Glen Rd

    Lot size
    0.86 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 0.86-acre commercial and industrial land parcel is available for purchase at $400,000. Located on Glen Rd in Newport, Minnesota (zip code 55055), this property boasts an MX-1 Mixed-Use zoning designation, offering significant development flexibility. The land value is $10.68 per square foot. The property's APN is 36.028.22.21.0081. Its prime location provides easy access to major transportation arteries, including Highway 61 and I-494, ensuring excellent accessibility for businesses and employees. The site is pad-ready, significantly reducing development time and costs. Preliminary assessments suggest the potential to construct a building of approximately 5,000 square feet. This presents a unique opportunity for developers seeking a strategically located site with high development potential in a thriving Minnesota community. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9873
    Latitude
    44.8727

    Comparable in this City

    • Value Estimation by Request
      3.57 Acres

      498 7Th Ave

      Land
      498 7Th Ave, Newport, MN 55055
      View Details
    • Value Estimation by Request
      0.98 Acres

      Newport, MN 55055

      INDUSTRIAL (GENERAL)
      Newport, MN 55055
      View Details
    • Value Estimation
      $595,000
      12,129 SF

      155 21st St

      INDUSTRIAL (GENERAL)
      155 21st St, Newport, MN 55055-1005
      View Details
    • Value Estimation
      $1,300,000
      10,050 SF

      50 21st St

      INDUSTRIAL (GENERAL)
      50 21st St, Newport, MN 55055-1002
      View Details
    • Value Estimation by Request
      40.67 Acres

      100 Red Rock Rd

      INDUSTRIAL (GENERAL)
      100 Red Rock Rd, Newport, MN 55055-1827
      View Details
    • Value Estimation
      $570,000
      4,866 SF

      57 21st St

      INDUSTRIAL (GENERAL)
      57 21st St, Newport, MN 55055-1003
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Pad Ready Land For Sale

      Land with completed surveys, concept plans, and easements.
      Glen Rd, Newport, MN 55055
      View Details
    • $80,000
      0.26 Acres

      Residential Land in Newport, MN

      Residential land for sale in Newport, Washington County, Minnesota.
      16xx Woodbury Rd, Newport, MN 55055
      View Details
    • $275,000
      0.94 Acres

      Mississippi Riverfront Building Opportunity

      Buildable lot with water frontage, perfect for nature lovers.
      3xx 2Nd Ave, Newport, MN 55055
      View Details
    • Contact for pricing
      7.88 Acres

      Retail Space in Multifamily Community

      Retail or office space in a vibrant multifamily community.
      2300 Hastings Ave, Newport, MN 55055
      View Details
    • Contact for pricing
      5,200 SF

      Newport Commercial Space Available

      Office and vanilla shell units available in Newport, Minnesota.
      2350 Hastings Ave, Newport, MN 55055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      220,500 SF

      Newport Warehouse and Distribution Space

      220,500 SF warehouse/distribution space with easy highway access.
      Bailey Rd, Newport, MN 55055
      View Details
    • Contact for pricing
      4,040 SF

      Newport Warehouse/Industrial Space For Rent

      4,200 SF warehouse/industrial space available for lease October 1.
      76 21St St, Newport, MN 55055
      View Details
    • Contact for pricing

      Retail Space in Multifamily Property

      Retail spaces suitable for day care, pharmacy, or professional services.
      2300 Hastings Ave, Newport, MN 55055
      View Details
    • Contact for pricing
      5,162 SF

      Modern Office Space Available

      Highly visible, modern office space with ample natural light.
      2350 Hastings Ave, Newport, MN 55055
      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.
    Glen Rd
    Newport, MN 55055
    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
    Glen Rd, Newport, MN, 55055
    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!