Technical
Financial
Distress signals
Property profile

1018 Industrial Park SE Dr Bemidji, MN 56601

OFF-MARKET
Manufacturing properties
Property ID
US46-2233659
14,000 SF 2.23 ac lot Built 1995
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 14,000-square-foot industrial flex building situated on a three-acre site with a clear front-to-back layout. Approximately 10,000 square feet of multi-purpose space is located at the front (previously used as a call center), and the rear contains 4,000 square feet of heated shop/warehouse space. The building has one 12-foot-wide by 14-foot-high loading door, which can be converted to a 16-foot opening, as well as an additional 8-foot-high by 9-foot-wide door; a floor drain is located near the doors. The site includes a large paved parking area with 115 spaces, and the perimeter is fully fenced with an automatic security gate. The internal separation between the front multi-purpose area and the rear heated shop/warehouse supports mixed-use configurations within the same building footprint.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1995
Total area 14,000 SF
Lot 2.23 ac (97,126 SF)
APN 80.04496.00
UPID US46-2233659

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

1018 Industrial Park SE Dr Bemidji, MN 56601-5428
Bemidji metro Census 450706 BEMIDJI, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$660k

Owner & transaction history

since 2022
Last sale
$700,000
4 recorded transactions
2022
$700,000
2020
$1.1M
2018
Price N/A
2018
$435,000

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.1M +18.0%
Retail stores $975,000 +7.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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