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    Lake Elmo, MN 55042

    • Commercial real estate
    • 2,132 SF
    OFF-MARKET
    Last Sale
    Apr 03, 2024
    Value Estimations
    $165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-3057393
    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 Lake

    Year built
    2023
    Property size
    2,132 SF
    Property type
    Commercial real estate
    APN
    25-029-21-12-0011
    APU
    2502921120011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $166,000
      Market price range: $167k - $541k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elmo
    County
    Washington
    State
    Minnesota
    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
    2024
    $1,760
    $69,900
    $0.00
    $69,900
    -
    $69,900
    $0.00
    $69,900

    Comparable in this City

    • Value Estimation
      $605,000
      30,020 SF

      8515 Eagle Pt Blvd

      COMMERCIAL (GENERAL) • 30,020 SF
      8515 Eagle Pt Blvd, Lake Elmo, MN 55042-8624
      View Details
    • Value Estimation
      $475,000
      4,750 SF

      11260 Hudson N Blvd

      COMMERCIAL (GENERAL) • 4,750 SF
      11260 Hudson N Blvd, Lake Elmo, MN 55042
      View Details
    • Value Estimation
      $2,920,000
      9,918 SF

      8980 Hudson N Blvd

      COMMERCIAL (GENERAL) • 9,918 SF
      8980 Hudson N Blvd, Lake Elmo, MN 55042-9704
      View Details
    • Value Estimation
      $395,000
      9,450 SF

      3712 Layton N Ave

      COMMERCIAL (GENERAL) • 9,450 SF
      3712 Layton N Ave, Lake Elmo, MN 55042-8703
      View Details
    • Value Estimation
      $880,000
      64,341 SF

      8650 Hudson N Blvd

      COMMERCIAL (GENERAL) • 64,341 SF
      8650 Hudson N Blvd, Lake Elmo, MN 55042-9747
      View Details
    • Value Estimation
      $625,000
      3,772 SF

      12425 55th St N2a

      COMMERCIAL (GENERAL) • 3,772 SF
      12425 55th St N2a, Lake Elmo, MN 55042-7403
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17.35 Acres

      Lake Elmo Commercial Land - 17 Acres

      ±17 Acres, Divisible, Prime Location, MN
      0 5Th St, Lake Elmo, MN 55042
      View Details
    • $5,000,000
      82,570 SF

      Lake Elmo School Opportunity

      Operating school in growing area, available Spring 2026.
      11030 Stillwater Blvd N, Lake Elmo, MN 55042
      View Details
    • Contact for pricing

      Lake Elmo Development Opportunity

      New development opportunity in Lake Elmo's Village Area.
      10830 Stillwater Blvd N, Lake Elmo, MN 55042
      View Details
    • $975,000

      Commercial Land Near Inwood Avenue

      1.93 acre commercial land parcel for retail or office.
      8607 5Th St N, Lake Elmo, MN 55042
      View Details
    • $4,999,995
      22,932 SF

      Lake Elmo Retail Opportunity

      Retail property for sale in Lake Elmo, Minnesota.
      11144 Stillwater Blvd N, Lake Elmo, MN 55042
      View Details
    • $2,400,000
      78.38 Acres

      Lake Elmo Land Opportunity

      Large residential land parcel available in Lake Elmo, Minnesota.
      2298 Inwood Ave N, Lake Elmo, MN 55042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,316 SF

      Class A Medical Office Space

      Medical office building with high visibility and convenient patient access.
      8650 Hudson Blvd N, Lake Elmo, MN 55042
      View Details
    • Contact for pricing
      2,141 SF

      Second Floor Office Suite

      Office suite featuring private offices, reception, and conference room.
      600 Inwood Ave, Oakdale, MN 55042
      View Details
    • $14 SF/Yr
      2,487 SF

      Lake Elmo Office Suites

      Office suites available for lease in Lake Elmo, MN.
      8519 Eagle Point Blvd, Lake Elmo, MN 55042
      View Details
    • $22 SF/Yr
      1,500 SF

      Office Space in Oaks Business Park

      Class B office space with excellent visibility and easy access.
      7815 3Rd Street Pl N, Oakdale, MN 55042
      View Details
    • $14 SF/Yr
      15,989 SF

      Oakdale Office Space Available

      Office space available for rent in Oakdale, Minnesota.
      7655-7755 3Rd Street Pl N, Oakdale, MN 55042
      View Details
    • Contact for pricing
      7,150 SF

      Retail Space in Cub Foods Plaza

      Retail space available in a Cub Foods anchored shopping center.
      7057-7191 10Th St N, Oakdale, MN 55042
      View Details
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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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