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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    371 Lot B Hwy Baxter, MN 56401

    • Land
    • 5.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 371 Lot B Hwy

    Lot size
    5.30 lot acres
    Property type
    Land

    Description

    This exceptional 5.3-acre commercial land parcel presents a prime development opportunity in Baxter, Minnesota. Strategically located on Highway 371, approximately 6.5 miles north of the Highway 371/Highway 210 intersection, this property boasts approximately 445 feet of road frontage, ensuring high visibility and accessibility. The asking price is $499,000. Zoned as Commercial District 2, this site is ideal for a variety of commercial uses, including retail, storage, warehouse, or outdoor display. The property is part of a larger 21.8-acre parcel, offering potential for expansion or joint development. While the property includes approximately one acre of wetland, the remaining acreage provides ample space for development. Utilities such as natural gas, electricity, phone, and internet are available, although connection to the site will require installation. Similarly, a well and sewer system will need to be installed. The high traffic count on Highway 371, recorded at 18,192 vehicles in 2023, underscores the significant potential for attracting customers. Neighboring businesses include a diverse range of establishments, creating a vibrant and established commercial environment. The property's legal description and PID are to be assigned upon platting. 2024 property taxes are available upon request. This is a remarkable opportunity to capitalize on a high-traffic location and develop a thriving commercial venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baxter
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2674
    Latitude
    46.3176

    Comparable in this City

    • Value Estimation by Request
      2.83 Acres

      L2 Tabor Trl

      Land • 2.83 Acres
      L2 Tabor Trl, Brainerd, MN 56401
      View Details
    • Value Estimation by Request
      2.50 Acres

      L8 Tabor Trl

      Land • 2.50 Acres
      L8 Tabor Trl, Brainerd, MN 56401
      View Details
    • Value Estimation by Request
      2.50 Acres

      L9 Tabor Trl

      Land • 2.50 Acres
      L9 Tabor Trl, Brainerd, MN 56401
      View Details
    • Value Estimation by Request
      1.00 Acre

      CR 49 Wise Rd

      Land • 1.00 Acre
      CR 49 Wise Rd, Brainerd, MN 56401
      View Details
    • 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

    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
    • $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
    • $169,000
      2.50 Acres

      Brainerd Commercial Land - $169K

      2.5-acre commercial lot in prime location.
      L5 Tabor Trl, Brainerd, MN 56401
      View Details

    Similar Nearby for Lease

    • 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
    • $12 SF/Yr
      1,825 SF

      Retail Space in Grizzly's Center

      Retail space available in high-traffic Baxter shopping center.
      15133 Edgewood Dr, Baxter, MN 56401
      View Details
    • $24 SF/Yr
      704 SF

      Retail Space Near Westgate Mall

      Retail space available in high-traffic Brainerd location.
      702-710 W Washington St, Brainerd, MN 56401
      View Details
    • $6 SF/Yr
      14,105 SF

      Brainerd Medical Office Space

      Turn-key medical suites available. Ample parking.
      1903 6Th 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
    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.
    371 Lot B Hwy
    Baxter, 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.