1012 18Th Ave Moorhead, MN 56560
- Commercial real estate
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1012 18Th Ave
- Lot size
- 0.09 lot acres
- Property type
- Commercial real estate
- APN
- 58.900.1925
- APU
- 589001925
Description
This exceptional self-storage facility presents a compelling investment opportunity in the thriving city of Moorhead, Minnesota. Located at 1012 N 18th Ave, this property boasts a substantial 10,520 square feet of rentable space, offering significant income potential. Built in 1950, the facility is priced at $799,000, translating to an attractive price per square foot of $75.95. Situated in Clay County, with a convenient Moorhead, MN 56560 zip code, this location benefits from excellent accessibility and visibility. The property's size and established presence in the market make it an ideal acquisition for investors seeking a stable and potentially high-yielding asset. This is a rare chance to own a well-positioned self-storage business in a growing area. The property's strong fundamentals and location within a dynamic market suggest a promising return on investment. Further due diligence is encouraged to fully assess the potential of this exceptional opportunity. The property is a self-storage facility, offering a straightforward and potentially low-maintenance investment. The asking price represents a competitive entry point into the self-storage market in this desirable Minnesota location. This is a turnkey operation ready for an owner-operator or an investor seeking passive income.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,030,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,365,000
- 6.5%
- $4,240,000
- 7%
- $5,050,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,380,000
- Geo Method
- $4,780,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,390,000
- Retail
- $4,190,000
- Mixed-Use
- $5,320,000
- Hospitality
- $5,170,000
- Educational
- $4,890,000
- Residential Income
- $4,585,000
- Energy
- $5,560,000
- Income-Based Land
- $4,425,000
- Food Service
- $4,720,000
Location Insight
- Map
- Local Demand
- City
- Moorhead
- County
- Clay
- State
- Minnesota
- Longitude
- -96.7637
- Latitude
- 46.8942
- CBSA code
- 22020
- CBSA name
- FARGO, ND-MN METROPOLITAN STATISTICAL AREA