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    9976-9990 Gappa Rd Ray, MN 56669

    • Specialty properties
    • 20,000 SF
    • 21.21 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 9976-9990 Gappa Rd

    Lot size
    21.21 lot acres
    Property size
    20,000 SF
    Property type
    Specialty properties
    Property subtype
    Marinas

    Description

    This exceptional Minnesota resort, situated on Lake Kabetogama with direct access to Voyageurs National Park, presents a lucrative investment opportunity. The property encompasses 21.21 acres and includes 21 buildings, offering 21 units, 34 RV sites, and 30 docks. The resort boasts 20,000 square feet of space, currently operating May through November. Financials are available upon execution of a Non-Disclosure Agreement (NDA) and proof of funds. The asking price is $3,000,000, representing $150 per square foot and $142,857.14 per unit. The property features a 10.21% cap rate based on 2023 net income. The resort is an owner-operator business with significant potential for expansion due to over 9 acres of undeveloped land. This allows for the addition of RV spaces, cabins, boat storage, and other amenities. The property's Class A designation reflects its high quality and potential for continued success. The resort also includes a fleet of 11 boats. This turnkey operation offers immediate income and substantial upside potential for a discerning investor. The property's APN numbers are 402001001711, 402001001717, 402001001712, 402001001715, and 402001001730. Located at 9976-9990 Gappa Road, Kabetogama, MN 56669.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ray
    County
    St. Louis
    State
    Minnesota
    Longitude
    -93.0362
    Latitude
    48.4462

    Comparable in this City

    • Value Estimation by Request

      2178 Hwy 217

      COMMERCIAL (GENERAL)
      2178 Hwy 217, Ray, MN 56669-9061
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    • Value Estimation
      $330,000
      1,800 SF

      9903 Gamma Rd

      COMMERCIAL (GENERAL) • 1,800 SF
      9903 Gamma Rd, Kabetogama, MN 56669-8008
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    • Value Estimation
      $280,000
      3,264 SF

      9676 Gamma Rd

      COMMERCIAL (GENERAL) • 3,264 SF
      9676 Gamma Rd, Kabetogama, MN 56669-8000
      View Details
    • Value Estimation
      $135,000
      2,800 SF

      9634 Gamma Rd

      COMMERCIAL (GENERAL) • 2,800 SF
      9634 Gamma Rd, Kabetogama, MN 56669-8000
      View Details
    • Value Estimation
      $235,000
      1,832 SF

      9602 Gamma Rd

      COMMERCIAL (GENERAL) • 1,832 SF
      9602 Gamma Rd, Kabetogama, MN 56669-8000
      View Details
    • Value Estimation by Request
      80.00 Acres

      5259 Hwy 53

      VACANT COMMERCIAL LAND • 80.00 Acres
      5259 Hwy 53, Ray, MN 56669-9007
      View Details

    Similar Nearby for Sale

    • $249,000
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      Ray, MN Hunting Land

      180 acres of secluded hunting land with river access.
      W County Road 3, Kabetogama, MN 56669
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    • $249,000
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      Secluded Hunting Land with River

      180 acres of woods, meadows, and river, bordering state land.
      W County Road 3, Kabetogama, MN 56669
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    • $495,000
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      Lake Kabetogama Acreage Near Park

      3.64 acres with 120 feet of Lake Kabetogama shoreline.
      Xx3.64 Gamma Rd, Kabetogama, MN 56669
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    9976-9990 Gappa Rd
    Ray, MN 56669
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    Realmo Value Estimation

    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.

    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.

    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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