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    Monticello, MN 55362

    • Industrial properties
    • 2,304 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Oct 05, 2022
    $305,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1900161
    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

    Year built
    2020
    Lot size
    0.17 lot acres
    Property size
    2,304 SF
    Property type
    Industrial properties
    APN
    155-262-001020
    APU
    155262001020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wright
    State
    Minnesota
    Longitude
    -93.7937
    Latitude
    45.2887
    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
    $5,850
    $60,400
    $242,500
    $302,900
    -
    $60,400
    $242,500
    $302,900

    Comparable in this City

    • Value Estimation by Request
      2,336 SF

      108 Dundas Rd

      INDUSTRIAL (GENERAL) • 2,336 SF
      108 Dundas Rd, Monticello, MN 55362-4419
      View Details
    • Value Estimation
      $615,000
      30,080 SF

      7505 Kadler NE Ave

      INDUSTRIAL (GENERAL) • 30,080 SF
      7505 Kadler NE Ave, Otsego, MN 55362-8638
      View Details
    • Value Estimation
      $830,000
      7,864 SF

      118 Dundas Rd

      INDUSTRIAL (GENERAL) • 7,864 SF
      118 Dundas Rd, Monticello, MN 55362-8915
      View Details
    • Value Estimation by Request
      2,325 SF

      Monticello, MN 55362

      INDUSTRIAL (GENERAL) • 2,325 SF
      Monticello, MN 55362
      View Details
    • Value Estimation by Request
      0.19 Acres

      108 Dundas Rd, Unit F

      INDUSTRIAL (GENERAL) • 0.19 Acres
      108 Dundas Rd, Monticello, MN 55362-4419
      View Details
    • Value Estimation by Request
      5,904 SF

      114 Thomas Cir

      INDUSTRIAL (GENERAL) • 5,904 SF
      114 Thomas Cir, Monticello, MN 55362-8923
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.00 Acres

      Albertville, MN Industrial Land

      10 Acres, I-94 Frontage, Shovel-Ready
      6593 Kadler Ave, Monticello, MN 55362
      View Details
    • $4,300,000
      63,100 SF

      Monticello Industrial Building For Sale

      63,100 SF industrial building on 4.06 acres.
      9600 Fallon Ave NE, Monticello, MN 55362
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    • New
      Contact for pricing
      0.69 Acres

      Monticello Industrial Building For Sale

      Industrial building in Monticello's industrial park, excellent regional access.
      114 Thomas Cir, Monticello, MN 55362
      View Details
    • $599,000
      4.90 Acres

      Lake Ida Acreage Development Opportunity

      4.9 acre lot with 495' shoreline on Lake Ida.
      B1/L1 Baker Ave NW, Monticello, MN 55362
      View Details
    • $1,200,000

      Proposed Residential Lots For Sale

      60 proposed residential lots in established neighborhood.
      8970 Fenning Ave, Monticello, MN 55362
      View Details
    • $569,000
      4,000 SF

      Monticello Retail Building on Broadway

      4,000 SF retail building on 1.01 acre lot.
      1549 Broadway St E, Monticello, MN 55362
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      8,398 SF

      Monticello Warehouse Space Available

      8,398 SF warehouse for lease with convenient I-94 access.
      406 E 7Th St, Monticello, MN 55362
      View Details
    • Contact for pricing
      7,200 SF

      Warehouse with Outdoor Storage

      7,200 SF warehouse with 1-acre outdoor storage for lease.
      1401 Fallon Ave NE, Monticello, MN 55362
      View Details
    • $12 SF/Yr
      1,500 SF

      Monticello Office Space For Rent

      Second-level office space with ample parking and central HVAC.
      113 Locust St, Monticello, MN 55362
      View Details
    • $0.25 SF/Yr

      Monticello Land: Hwy 25 Access

      2.78-Acre Vacant Land for Lease
      9127 Mn-25, Monticello, MN 55362
      View Details
    • $25 SF/Yr
      3,614 SF

      Turnkey Medical Office Space Available

      Medical office space with patient rooms and convenient highway access.
      3880 Deegan Ave, Monticello, MN 55362
      View Details
    • $14 SF/Yr
      3,169 SF

      Highway Frontage Office Space

      Office space for lease with highway frontage and high visibility.
      4134 Deegan Ct, Monticello, MN 55362
      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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