Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16 Rock Rdg County Rd Brainerd, MN 56401

    • Commercial real estate
    • 1,008 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 16 Rock Rdg County Rd

    Year built
    2022
    Property size
    1,008 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,008 square foot storage building presents a unique investment opportunity in the desirable Brainerd Lakes Area. Situated on Lot 16 of Rock Ridge County Road 3, Brainerd, Minnesota, this newly constructed building boasts a spacious 24x42 footprint and features a convenient 14x14 overhead door, ideal for easy access and storage of various items. The building is part of a developing area, with the new owner actively implementing improvements. These planned enhancements include road paving and the completion of all remaining structures within the development, promising a significant increase in property value and desirability in the near future. The central location within the Brainerd Lakes Area offers exceptional accessibility and visibility, making it an attractive option for both personal and commercial storage needs. This property is priced competitively at $69,900, representing a strong return on investment potential given the ongoing development and prime location. The absence of existing landscaping allows for future customization to suit individual needs. This is a rare opportunity to acquire a brand-new, well-constructed storage building in a rapidly developing area. Don't miss out on this chance to secure a valuable asset in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brainerd
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.1717
    Latitude
    46.4431

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      L10 Tabor Trl

      Land • 2.50 Acres
      L10 Tabor Trl, Brainerd, MN 56401
      View Details
    • Value Estimation by Request
      7.29 Acres

      3226 Oak St

      Land • 7.29 Acres
      3226 Oak St, Brainerd, MN 56401
      View Details
    • Value Estimation by Request
      2.38 Acres

      Washington St

      Land • 2.38 Acres
      0 Washington St, Baxter, MN 56401
      View Details
    • Value Estimation by Request
      2.61 Acres

      Business Hwy 371 & Tabor Trl

      Land • 2.61 Acres
      0 Business Hwy 371 & Tabor Trl, Baxter, MN 56401
      View Details
    • Value Estimation by Request
      14.27 Acres

      16929 Mn-371

      Land • 14.27 Acres
      16929 Mn-371, Brainerd, MN 56401
      View Details
    • Value Estimation by Request
      360 SF

      Brainerd, MN 56401

      COMMERCIAL (GENERAL) • 360 SF
      Brainerd, MN 56401
      View Details

    Similar Nearby for Sale

    • $1,250,000
      23.51 Acres

      Hwy 371 Commercial Land

      23.51 Acres, Prime Brainerd Location
      0 State Highway 371, Baxter, MN 56401
      View Details
    • $1,800,000
      27,910 SF

      Prime Brainerd Highway Commercial Land

      42 Acres, 27,910 SF Buildings
      16707 Highway 371, Brainerd, MN 56401
      View Details
    • $169,000
      2.57 Acres

      L3 Tabor Trail: Brainerd Commercial Land

      2.57 Acres, C-2 Zoning, Prime Location
      L3 Tabor Trl, Brainerd, MN 56401
      View Details
    • $149,000
      2.50 Acres

      Brainerd Commercial Land Parcel

      2.5-acre lot, prime location, C-2 zoning
      0 Hwy 371 & Tabor Trl, Baxter, MN 56401
      View Details
    • $149,000
      2.50 Acres

      Brainerd Commercial Land Parcel

      2.5-Acre Commercial Lot, Hwy 371
      0 Hwy 371 & Tabor Trl, Baxter, MN 56401
      View Details
    • $169,000
      2.50 Acres

      Prime Brainerd Commercial Land

      2.5-Acre C-2 Zoned Lot, $169,000
      L4 Tabor Trl, Brainerd, MN 56401
      View Details

    Similar Nearby for Lease

    • $2,500,000
      27,402 SF

      Office-Warehouse Facility in Brainerd, MN

      Versatile office and industrial space near high-traffic Washington St corridor.
      506 James St, Brainerd, MN 56401
      View Details
    • $23 SF/Yr
      1,338 SF

      Wildwood Office Center Suites

      Flexible office suites available for lease in Brainerd, Minnesota.
      517 NW 4Th St, Brainerd, MN 56401
      View Details
    • $349,000
      3,588 SF

      Multi-Level Office Building For Rent

      Versatile office building in West Brainerd, convenient location.
      516 NW 6Th St, Brainerd, MN 56401
      View Details
    • $12 SF/Yr
      1,242 SF

      Turn-Key Office Space Available

      Office space for lease in multi-tenant building with high traffic.
      603-625 Oak St, Brainerd, MN 56401
      View Details
    • Contact for pricing
      1,844 SF

      Grocery-Anchored Retail Space Available

      Recently renovated retail space in a dominant shopping center.
      401-429 8Th Ave NE, Brainerd, MN 56401
      View Details
    • $14 SF/Yr
      1,710 SF

      Baxter Office Space For Rent

      End-cap office space available in Baxter's Grizzly's Center.
      15167 Edgewood Dr, Baxter, MN 56401
      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.
    16 Rock Rdg County Rd
    Brainerd, MN 56401
    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

    Google sign-in failed. Please try again or use another login method.