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    Lake Elmo, MN 55042

    • Industrial properties
    • 204 SF
    • 13.45 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1300301
    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

    • Industrial properties

    Property Details for Lake

    Year built
    2000
    Lot size
    13.45 lot acres
    Property size
    204 SF
    Property type
    Industrial properties
    APN
    03-029-21-21-0003
    APU
    302921210003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmo
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9167
    Latitude
    45.0346
    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
    $10,436
    $423,500
    $2,900
    $426,400
    -
    $423,500
    $2,900
    $426,400

    Comparable in this City

    • Value Estimation
      $410,000
      15,215 SF

      3481 Laverne N Ave

      INDUSTRIAL (GENERAL) • 15,215 SF
      3481 Laverne N Ave, Lake Elmo, MN 55042
      View Details
    • Value Estimation
      $605,000
      13,200 SF

      3481 Laverne N Ave

      INDUSTRIAL (GENERAL) • 13,200 SF
      3481 Laverne N Ave, Lake Elmo, MN 55042
      View Details
    • Value Estimation
      $310,000
      2.60 Acres

      11371 33rd N St

      INDUSTRIAL (GENERAL) • 2.60 Acres
      11371 33rd N St, Lake Elmo, MN 55042
      View Details
    • Value Estimation
      $345,000
      11,040 SF

      11320 33rd N St

      INDUSTRIAL (GENERAL) • 11,040 SF
      11320 33rd N St, Lake Elmo, MN 55042-9754
      View Details
    • Value Estimation
      $1,975,000
      149,760 SF

      11160 Hudson N Blvd

      INDUSTRIAL (GENERAL) • 149,760 SF
      11160 Hudson N Blvd, Lake Elmo, MN 55042-4539
      View Details
    • Value Estimation
      $275,000
      340 SF

      Lake

      INDUSTRIAL (GENERAL) • 340 SF
      Lake, Elmo, MN 55042
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Mixed Use

      Land suitable for commercial, residential, and office development.
      32Nd St N, Oakdale, MN 55042
      View Details
    • $1,724,976

      Lake Elmo Commercial Land Available

      Commercial land in Lake Elmo, available May 2025.
      Stillwater Blvd, 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
    • 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
    • $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
    • $2,500,000
      8,300 SF

      Oakdale Land for Sale

      Land available for outdoor machinery storage in Oakdale, MN.
      6740 Hudson Blvd N, Oakdale, MN 55042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,308 SF

      Lake Elmo Warehouse Spaces

      Warehouse spaces available for lease in Lake Elmo, Minnesota.
      3481 Laverne Ave, Lake Elmo, MN 55042
      View Details
    • Contact for pricing
      3,825 SF

      Lake Elmo Flex Space

      Flex space available in Lake Elmo, built in 2022.
      11160 Hudson Blvd N, 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
    • 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
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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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