Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    109 Cedar St Saint Joseph, MN 56374-7401

    • Commercial real estate
    • 2,250 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Apr 15, 2025
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    7.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US46-1279558
    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

    • CMS Autobody / Auto Body Shop
    • Precision Motorsports / Motorsports Store / Atv Repair Shop
    • Intoxalock Ignition Interlock / Safety Equipment Supplier / Auto Electrical Service

    Property Details for 109 Cedar St

    Year built
    1995
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property size
    2,250 SF
    Property type
    Commercial real estate
    APN
    84.53451.0000
    APU
    84534510000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $350,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $447,000
      Market price range: $255k - $704k
      AI Estimate
      $356,000
      Market price range: $167k - $607k

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.3166
    Latitude
    45.568
    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
    $9,186
    $64,100
    $281,900
    $346,000
    -
    $64,100
    $281,900
    $346,000

    Comparable in this City

    • Value Estimation
      $685,000
      36,774 SF

      1500 Elm E St

      COMMERCIAL (GENERAL) • 36,774 SF
      1500 Elm E St, Saint Joseph, MN 56374-4695
      View Details
    • Value Estimation
      $440,000
      2,592 SF

      30865 Kohler Ct

      COMMERCIAL (GENERAL) • 2,592 SF
      30865 Kohler Ct, Saint Joseph, MN 56374-5600
      View Details
    • Value Estimation by Request

      8988 County Rd 4th 4

      COMMERCIAL (GENERAL)
      8988 County Rd 4th 4, Saint Joseph, MN 56374
      View Details
    • Value Estimation
      $260,000
      2,780 SF

      454 1st NE Ave

      COMMERCIAL (GENERAL) • 2,780 SF
      454 1st NE Ave, Saint Joseph, MN 56374
      View Details
    • Value Estimation
      $135,000
      432 SF

      38 Birch St

      COMMERCIAL (GENERAL) • 432 SF
      38 Birch St, Saint Joseph, MN 56374-3800
      View Details
    • Value Estimation
      $365,000
      7,820 SF

      708 Elm E St

      COMMERCIAL (GENERAL) • 7,820 SF
      708 Elm E St, Saint Joseph, MN 56374-4671
      View Details

    Similar Nearby for Sale

    • $325,000
      3.32 Acres

      Prime Saint Joseph Commercial Land

      3.32 Acres, $325,000 - High Visibility
      720 15Th Ave, Saint Joseph, MN 56374
      View Details
    • Contact for pricing

      Prime Commercial Land in St. Joseph, MN

      Multiple lots, high-growth area, excellent access
      0 County Road 75, Saint Joseph, MN 56374
      View Details
    • $365,000
      24.71 Acres

      Residential Land in Sartell School District

      Over 8 acres of open land in a great location.
      34051 83Rd Ave, Saint Joseph, MN 56374
      View Details
    • $1,377,500
      95.50 Acres

      95 Acres of Farmland

      95-acre parcel suitable for farming, estate, or building sites.
      Tbd County Rd 4, Saint Joseph, MN 56374
      View Details
    • $1,900,000
      30,000 SF

      St. Cloud Industrial Facility

      30,000 SF industrial facility with expansion potential and outdoor storage.
      7402 Ridgewood Rd, St Joseph, MN 56374
      View Details
    • $1,075,000
      1.58 Acres

      Multi-Use Industrial Building For Sale

      11,068 SF multi-use light industrial building in Saint Joseph.
      30701 Pearl Dr, Saint Joseph, MN 56374
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      122,000 SF

      Ridgewood Industrial Park

      Flexible Warehouse Space Near I-94
      7402 Ridgewood Rd, St. Cloud, MN 56374
      View Details
    • $10 SF/Yr
      9,760 SF

      Retail and Office Space Available

      Retail and office spaces for lease with high traffic exposure.
      708 Elm St East, Saint Joseph, MN 56374
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 Cedar St
    Saint Joseph, MN 56374-7401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.