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    408 3rd N Ave Sartell, MN 56377-1627

    • Residential income homes
    • 1,200 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    5.5%
    Residential income homes
    Location Intelligence
    Property ID
    US46-1192876
    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

    • Residential income homes

    Property Details for 408 3rd N Ave

    Year built
    1994
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    1,200 SF
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    92.57183.0000
    APU
    92571830000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $220,000
      6.5%
      $205,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $152,000
      Market price range: $26.6k - $181k

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

    Location Insight

    • Map
    • Local Demand
    City
    Sartell
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2077
    Latitude
    45.6259
    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
    $2,008
    $42,400
    $169,100
    $211,500
    -
    $42,400
    $169,100
    $211,500

    Comparable in this City

    • Value Estimation
      $240,000
      1,072 SF

      407 2nd N Ave

      BOARDING/ROOMING HOUSE • 1,072 SF
      407 2nd N Ave, Sartell, MN 56377-1622
      View Details
    • Value Estimation
      $230,000
      1,210 SF

      410 3rd N Ave

      BOARDING/ROOMING HOUSE • 1,210 SF
      410 3rd N Ave, Sartell, MN 56377-1627
      View Details
    • Value Estimation
      $250,000
      1,072 SF

      403 2nd N Ave

      BOARDING/ROOMING HOUSE • 1,072 SF
      403 2nd N Ave, Sartell, MN 56377-1622
      View Details
    • Value Estimation
      $240,000
      1,080 SF

      406 3rd N Ave

      BOARDING/ROOMING HOUSE • 1,080 SF
      406 3rd N Ave, Sartell, MN 56377-1627
      View Details
    • Value Estimation
      $240,000
      1,080 SF

      402 3rd N Ave

      BOARDING/ROOMING HOUSE • 1,080 SF
      402 3rd N Ave, Sartell, MN 56377-1627
      View Details
    • Value Estimation
      $420,000
      2.79 Acres

      1221 22nd S St

      BOARDING/ROOMING HOUSE • 2.79 Acres
      1221 22nd S St, Sartell, MN 56377-4742
      View Details

    Similar Nearby for Sale

    • $229,900
      1,275 SF

      Move-In Ready Townhome with Garage

      Two-bedroom, two-bath townhome with updated kitchen and heated garage.
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    • $2,573,525
      8.44 Acres

      Sartell Commercial Land - 8.44 Acres

      Prime 8.44-acre commercial land, divisible, highway visibility.
      150 19Th St, Sartell, MN 56377
      View Details
    • $78,900
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      Residential Land in Sartell, MN

      Land available in Sartell near shopping, restaurants, and banking.
      1116 18Th St S, Sartell, MN 56377
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    • Contact for pricing
      7 SF

      Sartell Medical Arts Development Land

      7.5 acre lot in Sartell's medical arts area.
      Xx Dehler Dr, Sartell, MN 56377
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    • $82,900
      0.70 Acres

      Residential Land in Sartell, MN

      Wooded and pond view lots, convenient location, open to builders.
      314 10Th St S, Sartell, MN 56377
      View Details
    • $2,128,000
      22.92 Acres

      Prime Land Parcel in Sartell

      22.9 acre shovel-ready parcel zoned for twin-homes.
      S 10Th St, Sartell, MN 56377
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      10,500 SF

      Sartell Commercial Space For Lease

      Well-maintained commercial space with desirable features in Sartell, MN.
      300 14Th Ave E, Sartell, MN 56377
      View Details
    • $15 SF/Yr
      2,000 SF

      Sartell Office Space For Lease

      Well-maintained office space in a growing community, flexible floor plan.
      1101 2Nd St S, Sartell, MN 56377
      View Details
    • Contact for pricing
      16,144 SF

      Retail Space in Epic Center

      Retail spaces available in a newer development off Highway 15.
      101 Co Rd, Sartell, MN 56377
      View Details
    • Contact for pricing
      6 SF

      98-Acre Development with Retail Space

      98-acre development with retail, office, and dining opportunities.
      County Road 120, Sartell, MN 56377
      View Details
    • $18 SF/Yr
      3,225 SF

      Retail and Restaurant Opportunity

      Prime retail and restaurant spaces available for lease in Sartell.
      1733 Pine Cone Rd South, Sartell, MN 56377
      View Details
    • $13 SF/Yr
      13,003 SF

      Sartell Office Space Available

      Main floor office space for lease in Sartell, Minnesota.
      2330 Troop Dr, Sartell, MN 56377
      View Details
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    408 3rd N Ave
    Sartell, MN 56377-1627
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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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