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    20-60 Coon Rapids Blvd Minneapolis, MN 55448
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    20-60 Coon Rapids Blvd Minneapolis, MN 55448

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    • Lifestyle centers
    • 184,113 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 20-60 Coon Rapids Blvd

    Property size
    184,113 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Northtown Village Shopping Center, located at 20-60 NW Coon Rapids Blvd in Coon Rapids, Minnesota (zip code 55448), presents a significant retail opportunity. This established shopping center comprises six buildings totaling 184,113 square feet, offering multiple tenancy options. Currently, there is 64,437 square feet of vacant space available, divisible into units ranging from a minimum of 16,173 square feet to a maximum contiguous space of 28,044 square feet. The property is situated in Anoka County and enjoys excellent visibility and accessibility. The flexible space is ideal for a variety of retail uses, providing ample room for expansion or consolidation. This prime location in Minneapolis's thriving suburban market offers high foot traffic and strong potential for business growth. The property's multiple building configuration allows for customized leasing arrangements to suit individual tenant needs. Interested parties are encouraged to inquire about available space and lease terms. This is a rare opportunity to secure a prominent retail presence in a well-established and highly visible shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2679
    Latitude
    45.1316

    Comparable in this City

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      5,000 SF

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      44,700 SF

      12550 Riverdale Blvd

      Retail properties & Spaces • 44,700 SF
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    • Value Estimation by Request
      1.49 Acres

      Nw & Hanson Blvd

      Land • 1.49 Acres
      0 Nw & Hanson Blvd, Minneapolis, MN 55448
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    • Value Estimation by Request
      1.03 Acres

      Coon Rapids, MN 55448

      VACANT COMMERCIAL LAND • 1.03 Acres
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    • Value Estimation by Request
      21.60 Acres

      11299 University NW Ave

      MOBILE HOME PARK, TRAILER PARK • 21.60 Acres
      11299 University NW Ave, Minneapolis, MN 55448
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    • Value Estimation
      $1,150,000
      7,471 SF

      9154 University NW Ave

      COMMERCIAL (GENERAL) • 7,471 SF
      9154 University NW Ave, Coon Rapids, MN 55448-6109
      View Details

    Similar Nearby for Sale

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      Commercial Lot in Gateway Center

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      Established Hair Salon Business

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    • $450,000

      Commercial Land in Gateway Center

      Commercial land with great access and visibility in Coon Rapids.
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      Land Available in Coon Rapids

      Land for sale in Coon Rapids, Minnesota.
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    • $1,058,050
      6,046 SF

      Coon Rapids Office Space Available

      Corner office unit with great highway access, available December 2025.
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      7.50 Acres

      Coon Rapids Commercial Land

      7.5 acre commercial land for sale in Coon Rapids.
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    Similar Nearby for Lease

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      20,173 SF

      Retail Space on Coon Rapids

      Retail space available for lease on Coon Rapids Boulevard.
      30-60 Coon Rapids Blvd NW, Coon Rapids, MN 55448
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      45,116 SF

      Retail Space in Riverdale Village

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      Retail Space Available For Lease

      8,000 SF retail space available for immediate occupancy.
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      3,650 SF

      Retail Space Available For Lease

      3,650 SF in-line retail space available for lease.
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      1,821 SF

      Retail Space on Main Street

      Endcap retail space with high visibility and traffic.
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    • $19 SF/Yr
      987 SF

      Executive Office Space Available

      Class A office space for lease in Coon Rapids.
      3495 NW Northdale Blvd, Coon Rapids, MN 55448
      View Details
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    Minneapolis, MN 55448
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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.

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    20-60 Coon Rapids Blvd, Minneapolis, MN, 55448
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