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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11000 Craguns Dr East Gull Lake, MN 56401-2020

    • Hotels
    • 1,400 SF
    • 3.88 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1735537
    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

    • Hotels

    Property Details for 11000 Craguns Dr

    Year built
    2016
    Construction
    FRAME
    Lot size
    3.88 lot acres
    Property size
    1,400 SF
    Property type
    Hotels
    APN
    87-029-3202
    APU
    870293202

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $563,000
      Market price range: $154k - $564k

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

    Location Insight

    • Map
    • Local Demand
    City
    East Gull Lake
    County
    Cass
    State
    Minnesota
    Longitude
    -94.3698
    Latitude
    46.3886
    CBSA code
    14660
    CBSA name
    BRAINERD, MN MICROPOLITAN 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
    $54,454
    $3,430,100
    $2,563,500
    $5,993,600
    -
    $3,430,100
    $2,563,500
    $5,993,600

    Comparable in this City

    • Value Estimation by Request
      714 SF

      19751 Love Lk Rd

      HOTEL-RESORT • 714 SF
      19751 Love Lk Rd, Brainerd, MN 56401-6990
      View Details
    • Value Estimation
      $1,465,000
      13,248 SF

      4132 St Columbo Rd

      HOTEL • 13,248 SF
      4132 St Columbo Rd, Brainerd, MN 56401-7275
      View Details
    • Value Estimation by Request
      222 SF

      1685 Kavanaugh Dr

      HOTEL-RESORT • 222 SF
      1685 Kavanaugh Dr, East Gull Lake, MN 56401-2063
      View Details
    • Value Estimation by Request
      722 SF

      1685 Kavanaugh Dr, Unit 6137

      HOTEL-RESORT • 722 SF
      1685 Kavanaugh Dr, East Gull Lake, MN 56401-2063
      View Details
    • Value Estimation by Request
      768 SF

      1685 Kavanaugh Dr, Unit 6142

      HOTEL-RESORT • 768 SF
      1685 Kavanaugh Dr, East Gull Lake, MN 56401-2063
      View Details
    • Value Estimation by Request
      2,176 SF

      1156 Pne Bch Rd

      HOTEL-RESORT • 2,176 SF
      1156 Pne Bch Rd, East Gull Lake, MN 56401-3185
      View Details

    Similar Nearby for Sale

    • $5,000,000
      52.43 Acres

      Established Resort Property on North Long

      Resort property with lake frontage and expansion potential in Brainerd, MN.
      20621 Hidden Paradise Rd, Brainerd, MN 56401
      View Details
    • $1,250,000
      23.51 Acres

      Hwy 371 Commercial Land

      23.51 Acres, Prime Brainerd Location
      0 State Highway 371, Baxter, MN 56401
      View Details
    • $1,800,000
      27,910 SF

      Prime Brainerd Highway Commercial Land

      42 Acres, 27,910 SF Buildings
      16707 Highway 371, Brainerd, MN 56401
      View Details
    • $275,000
      2,416 SF

      Prime Brainerd Office Building

      Turn-key office space, high visibility location.
      21 Washington St, Brainerd, MN 56401
      View Details
    • $169,000
      2.57 Acres

      L3 Tabor Trail: Brainerd Commercial Land

      2.57 Acres, C-2 Zoning, Prime Location
      L3 Tabor Trl, Brainerd, MN 56401
      View Details
    • $149,000
      2.50 Acres

      Brainerd Commercial Land Parcel

      2.5-acre lot, prime location, C-2 zoning
      0 Hwy 371 & Tabor Trl, Baxter, MN 56401
      View Details

    Similar Nearby for Lease

    • $2,500,000
      27,402 SF

      Office-Warehouse Facility in Brainerd, MN

      Versatile office and industrial space near high-traffic Washington St corridor.
      506 James St, Brainerd, MN 56401
      View Details
    • $23 SF/Yr
      1,338 SF

      Wildwood Office Center Suites

      Flexible office suites available for lease in Brainerd, Minnesota.
      517 NW 4Th St, Brainerd, MN 56401
      View Details
    • $349,000
      3,588 SF

      Multi-Level Office Building For Rent

      Versatile office building in West Brainerd, convenient location.
      516 NW 6Th St, Brainerd, MN 56401
      View Details
    • $12 SF/Yr
      1,242 SF

      Turn-Key Office Space Available

      Office space for lease in multi-tenant building with high traffic.
      603-625 Oak St, Brainerd, MN 56401
      View Details
    • Contact for pricing
      1,844 SF

      Grocery-Anchored Retail Space Available

      Recently renovated retail space in a dominant shopping center.
      401-429 8Th Ave NE, Brainerd, MN 56401
      View Details
    • $14 SF/Yr
      1,710 SF

      Baxter Office Space For Rent

      End-cap office space available in Baxter's Grizzly's Center.
      15167 Edgewood Dr, Baxter, MN 56401
      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.
    11000 Craguns Dr
    East Gull Lake, MN 56401-2020
    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.