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    Johnson St East Bethel, MN 55005
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    Johnson St East Bethel, MN 55005

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    • Warehouses
    • 3.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Johnson St

    Lot size
    3.00 lot acres
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 3-acre commercial property, located at Johnson St NE in East Bethel, Minnesota, presents a unique investment opportunity. Zoned I-industrial, this prime parcel boasts unparalleled visibility directly on Highway 65 at the northwest corner of Highway 65 and 237th Avenue. The property's strategic location ensures easy access from the highway and a convenient side street. The city of East Bethel is open to considering alternative uses for this versatile lot. Utilities are readily available in the area, including electricity and natural gas, although not currently connected to the property. A well and septic system are also present in the vicinity. This offering presents a compelling opportunity for businesses seeking a high-profile location with significant development potential. The property is platted and ready for immediate development. Note that this 3-acre lot can be purchased separately or in conjunction with an adjacent industrial/office/warehouse/flex building at 23773 Johnson St NE, resulting in a discounted combined price. The asking price for this exceptional 3-acre lot is $239,500. This property is ideal for a variety of industrial, flex, or warehouse uses. Don't miss this chance to secure a prominent location in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Bethel
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2396
    Latitude
    45.4047

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      24612 Ulysses NE St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,600 SF
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    • Value Estimation
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      23566 University Ave NW Ext

      INDUSTRIAL (GENERAL) • 11,040 SF
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    • Value Estimation
      $2,320,000
      36,000 SF

      23530 University Ave NW Ext

      INDUSTRIAL (GENERAL) • 36,000 SF
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      View Details

    Similar Nearby for Sale

    • $239,500
      3.00 Acres

      East Bethel Commercial Corner Lot

      3-acre commercial lot on Highway 65 in East Bethel, MN.
      Xxxxx Johnson St NE, East Bethel, MN 55005
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    • $110,000
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      Residential Lot in East Bethel

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      Commercial Land Near Highway 65

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      East Bethel Land For Sale

      2+ acre commercial lot with highway exposure in East Bethel.
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    Similar Nearby for Lease

    • Contact for pricing

      Warehouse with Freezer and Cooler

      Warehouse space featuring freezer and cooler storage available for rent.
      229th 229Th Ave NW, East Bethel, MN 55005
      View Details
    • $4 SF/Yr
      27,000 SF

      Warehouse with Freezer and Cooler

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    East Bethel, MN 55005
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    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
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