Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    West & Douglas Dr Annandale, MN 55302

    Property Lookup

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

    West & Douglas Dr Annandale, MN 55302

    View on Map
    • Land
    • 13.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 West & Douglas Dr

    Lot size
    13.67 lot acres
    Property type
    Land

    Description

    This exceptional 13.67-acre parcel presents a remarkable opportunity for residential development in the desirable city of Annandale, Minnesota. Located at the intersection of Harrison Street West & Douglas Drive South, this property boasts a prime location within the Annandale School District 876, offering convenient access to quality education. The expansive lot size allows for a variety of development options, including single-family homes, villas, detached townhomes, or twin homes, catering to diverse housing needs. Its strategic positioning provides quick access to Highway 55 via Excelsior Avenue South, ensuring excellent connectivity to surrounding areas. The asking price for this exceptional land is $820,200. This is an ideal investment for developers seeking to capitalize on the growing demand for residential properties in this thriving community. The property's zoning and potential development plans should be verified independently. The address is confirmed as Harrison Street West & Douglas Drive South, Annandale, MN 55302. The latitude and longitude coordinates are 45.261003416482716 and -94.13496336049258 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Annandale
    County
    Wright
    State
    Minnesota
    Longitude
    -94.135
    Latitude
    45.261

    Comparable in this City

    • Value Estimation by Request
      2,288 SF

      32 Oak S Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,288 SF
      32 Oak S Ave, Annandale, MN 55302-1205
      View Details
    • Value Estimation by Request
      9,680 SF

      715 Norway E Dr

      WAREHOUSE, STORAGE • 9,680 SF
      715 Norway E Dr, Annandale, MN 55302-3140
      View Details
    • Value Estimation
      $1,990,000
      23,200 SF

      475 Annandale Blvd

      LIGHT INDUSTRIAL • 23,200 SF
      475 Annandale Blvd, Annandale, MN 55302-3141
      View Details
    • Value Estimation by Request
      624 SF

      25 Cedar E St

      RETAIL STORES (PERSONAL SERVICES) • 624 SF
      25 Cedar E St, Annandale, MN 55302
      View Details
    • Value Estimation by Request
      4,032 SF

      325 Commercial W Dr

      LIGHT INDUSTRIAL • 4,032 SF
      325 Commercial W Dr, Annandale, MN 55302-1135
      View Details
    • Value Estimation
      $1,720,000
      21,548 SF

      830 Elm E St

      LIGHT INDUSTRIAL • 21,548 SF
      830 Elm E St, Annandale, MN 55302-1118
      View Details

    Similar Nearby for Sale

    • $849,900
      35.76 Acres

      Development Opportunity in Annandale, MN

      35.76-acre parcel for residential development in Annandale, MN.
      Tbd Harrison St W, Annandale, MN 55302
      View Details
    • $640,000
      40.00 Acres

      Productive Farmland with Modern Amenities

      40-acre parcel with tillable land, heated shed, and ample power.
      3990 Moore Ave NW, Annandale, MN 55302
      View Details
    • $419,900
      0.93 Acres

      Lake John Residential Land Opportunity

      Residential land with lake frontage, city utilities, and boardwalk.
      7610 Lk John Dr, Annandale, MN 55302
      View Details
    • $100,000
      0.39 Acres

      Residential Lot Near Lake John

      0.39 acre corner lot in upscale community near lake.
      7731 Lk John Dr, Annandale, MN 55302
      View Details
    • $515,000
      0.67 Acres

      Lake John Shores Land

      West-facing .68 acre lot with 92' lakeshore.
      7660 Lk John Dr, Annandale, MN 55302
      View Details
    • $150,000
      0.92 Acres

      Oversized Lot Near Lake John

      Desirable 0.93 acre lot in Shores of Lake John.
      7701 Lk John Dr, Annandale, MN 55302
      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.
    West & Douglas Dr
    Annandale, MN 55302
    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

    Thank You for Inquiry

    West & Douglas Dr, Annandale, MN, 55302

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!