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Property profile & analytics

3308 5Th St Waite Park, MN 56387

  • Commercial real estate
  • 2,400 SF
  • 1.00 lot acres
Value Estimation
Location Intelligence
Property ID
US46-3044941
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 3308 5Th St

Year built
2003
Construction
WOOD
Lot size
1.00 lot acres
Property size
2,400 SF
Property type
Commercial real estate
APN
98.60672.0675
APU
98606720675

Description

This exceptional 3,700 square foot commercial property in Waite Park, Minnesota, presents a unique investment opportunity. Located at 3308 5th St S, 56387, this Class B building sits on approximately one acre of land and offers a versatile blend of office and warehouse space, ideal for a variety of businesses. Built in 2003, the property boasts 1,200 square feet of finished office space featuring high-quality construction and finishes. The remaining approximately 2,500 square feet comprises a warehouse/shop area with a 16-foot clear ceiling height and an 11-foot drive-in door, perfect for storage or light manufacturing. Practical features include a floor drain, flammable waste trap, in-floor heat, and unit heaters. Multiple restrooms conveniently serve both the office and warehouse areas. Ample parking is provided with approximately 20 stalls. The property is currently vacant and available for sale at $595,000 with a Net Lease type. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location. The APN is 98.60672.0676.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $280,000
  • CAP approach

    CAP return
    Estimation
    6%
    $415,000
    6.5%
    $385,000
    7%
    $360,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $420,000
    Geo Method
    $410,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $425,000
    Retail
    $425,000
    Mixed-Use
    $450,000
    Hospitality
    $435,000
    Educational
    $405,000
    Residential Income
    $395,000
    Energy
    $385,000
    Income-Based Land
    $455,000
    Food Service
    $350,000

Location Insight

  • Map
  • Local Demand
City
Waite Park
County
Stearns
State
Minnesota
Longitude
-94.2617
Latitude
45.5443
CBSA code
41060
CBSA name
ST. CLOUD, MN 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
$12,102
$87,400
$212,200
$299,600
-
$87,400
$212,200
$299,600
More about this property
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