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    13477 Fenway Blvd N Cir Hugo, MN 55038-7460

    • Commercial real estate
    • 6,400 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0095862
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13477 Fenway Blvd N Cir

    Year built
    2006
    Lot size
    1.00 lot acres
    Property size
    6,400 SF
    Property type
    Commercial real estate
    APN
    30-031-21-41-0059
    APU
    3003121410059

    Value Estimations

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hugo
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9998
    Latitude
    45.1451
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,702
    $195,100
    $641,800
    $836,900
    -
    $195,100
    $641,800
    $836,900

    Comparable in this City

    • Value Estimation
      $290,000
      2,400 SF

      7037 20th Ave

      COMMERCIAL (GENERAL) • 2,400 SF
      7037 20th Ave, Centerville, MN 55038-9737
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    • Value Estimation
      $360,000
      1,888 SF

      14475 Frst N Blvd

      COMMERCIAL (GENERAL) • 1,888 SF
      14475 Frst N Blvd, Hugo, MN 55038-7461
      View Details
    • Value Estimation by Request
      29.40 Acres

      Main St & Otter Lk Rd

      Land • 29.40 Acres
      0 Main St & Otter Lk Rd, Lino Lakes, MN 55038
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    • Value Estimation by Request
      0.26 Acres

      7098 Centerville Rd

      COMMERCIAL (GENERAL) • 0.26 Acres
      7098 Centerville Rd, Centerville, MN 55038-9712
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    • Value Estimation by Request
      9,206 SF

      7114 Otter Lk Rd

      COMMERCIAL (GENERAL) • 9,206 SF
      7114 Otter Lk Rd, Lino Lakes, MN 55038-5000
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    • Value Estimation by Request
      272 SF

      1649 Birch St

      COMMERCIAL (GENERAL) • 272 SF
      1649 Birch St, Lino Lakes, MN 55038
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29.40 Acres

      Lino Lakes Commercial Land - 29.4 Acres

      Prime Anoka County location, high traffic, new construction potential.
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      View Details
    • Contact for pricing

      Commercial Land with Highway Access

      Commercial land with utilities and roundabout access off Hwy 61.
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      View Details
    • New
      $378,000
      18.00 Acres

      18-Acre Lot in May Twp

      Beautiful 18-acre lot in May Twp, MN, ready for development.
      Xxx Keystone Ave N, Hugo, MN 55038
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    • Contact for pricing

      Land with I-35E Access

      Land with utilities and highway access in Lino Lakes.
      & I-35E W Cedar St, Lino Lakes, MN 55038
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    • Contact for pricing

      Lino Lakes Commercial Land Available

      Commercial land with I-35E visibility in Lino Lakes, MN.
      7233 24Th Ave N, Lino Lakes, MN 55038
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    • New
      $425,000
      12.01 Acres

      Expansive 12-Acre Land Parcel

      12 acre parcel offers endless possibilities near shopping and freeway.
      15xxx Everton Ave N, Hugo, MN 55038
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,904 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for rent featuring 200 amp power.
      13419 N Fenway Blvd, Hugo, MN 55038
      View Details
    • $1.75 SF/Yr
      8,900 SF

      Centerville Land for Outdoor Storage

      Up to approximately 2.00 acres of outdoor storage available.
      6805 20Th Ave S, Centerville, MN 55038
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    • Contact for pricing
      1,120 SF

      Historic Schoolhouse for Commercial Business

      Historic Hopkins Schoolhouse with potential for commercial use.
      5970 170Th St N, Hugo, MN 55038
      View Details
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    13477 Fenway Blvd N Cir
    Hugo, MN 55038-7460
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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.

    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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