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

    1139 Franklin Ave NE Sauk Rapids, MN 56379

    • Commercial real estate
    • 10,868 SF
    • 1.35 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1234471
    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

    • RJL Transport LLC / Trucking Company
    • Reliant Transportation / Freight Service / Logistics Company
    • Volunteers of America MN / Social Service Agency / Charitable Organization
    • Lund Ross, P.A. Law Firm / Law Firm
    • Klimek & Kasella Ltd. / Accounting Firm

    Property Details for 1139 Franklin Ave NE

    Year built
    1964
    Lot size
    1.35 lot acres
    Property size
    10,868 SF
    Property type
    Commercial real estate
    APN
    19.00058.00
    APU
    190005800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $830,000
      Market price range: $680k - $1.64M
      AI Estimate
      $1,025,000
      Market price range: $533k - $2.74M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sauk Rapids
    County
    Benton
    State
    Minnesota
    Longitude
    -94.1506
    Latitude
    45.5779
    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
    $18,898
    $213,100
    $404,500
    $617,600
    -
    $213,100
    $404,500
    $617,600

    Comparable in this City

    • Value Estimation by Request
      1.24 Acres

      300 18th NW St

      COMMERCIAL (GENERAL) • 1.24 Acres
      300 18th NW St, Sauk Rapids, MN 56379-9595
      View Details
    • Value Estimation by Request
      0.08 Acres

      115 1st S St

      COMMERCIAL (GENERAL) • 0.08 Acres
      115 1st S St, Sauk Rapids, MN 56379-1403
      View Details
    • Value Estimation by Request

      110 1st S St

      COMMERCIAL (GENERAL)
      110 1st S St, Sauk Rapids, MN 56379-1404
      View Details
    • Value Estimation by Request

      110 1st S St

      COMMERCIAL (GENERAL)
      110 1st S St, Sauk Rapids, MN 56379-1404
      View Details
    • Value Estimation by Request

      110 1st S St

      COMMERCIAL (GENERAL)
      110 1st S St, Sauk Rapids, MN 56379-1404
      View Details
    • Value Estimation by Request
      0.20 Acres

      603 Benton Dr

      COMMERCIAL (GENERAL) • 0.20 Acres
      603 Benton Dr, Sauk Rapids, MN 56379-1538
      View Details

    Similar Nearby for Sale

    • $315,000
      1.25 Acres

      Sauk Rapids Commercial Land Opportunity

      1.25-acre corner lot, prime location, $315,000
      300 18Th St, Sauk Rapids, MN 56379
      View Details
    • $12,750,000
      256,942 SF

      Sauk Rapids Industrial Campus

      256,942 SF Warehouse, $12.75M
      1100 Stearns Dr, Sauk Rapids, MN 56379
      View Details
    • Contact for pricing
      80,594 SF

      Sauk Rapids Industrial Facility

      80,000+ SF industrial facility in Sauk Rapids, Minnesota.
      360 Industrial Blvd, Sauk Rapids, MN 56379
      View Details
    • $2,500,000
      30,000 SF

      Finished Shop & Office Building

      Turn-key shop and office space with ample storage and parking.
      6225 Lark Rd NW, Sauk Rapids, MN 56379
      View Details
    • Contact for pricing

      Vacant Commercial Lot in Sauk Rapids

      Vacant commercial lot in a growing Central Minnesota community.
      305 2Nd Ave S, Sauk Rapids, MN 56379
      View Details
    • $950,000

      Land at Highway Interchange

      Commercial land with extensive highway frontage in Sauk Rapids.
      2460 Quarry Rd NE, Sauk Rapids, MN 56379
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,212 SF

      Speedway Gas Station - Sauk Rapids, MN

      Prime Retail Gas Station, High Traffic Area
      502 Benton Dr, Sauk Rapids, MN 56379
      View Details
    • $5 SF/Yr
      256,942 SF

      Sauk Rapids Industrial Campus

      Large warehouse spaces for sale/lease.
      1100 Stearns Dr, Sauk Rapids, MN 56379
      View Details
    • $6 SF/Yr
      6,295 SF

      Multi-Purpose Building For Lease

      6,295 sq ft multi-purpose building available for lease.
      5150 Marson Dr, Sauk Rapids, MN 56379
      View Details
    • $14 SF/Yr
      2,250 SF

      Sauk Rapids Office Space Available

      Office space for lease in Sauk Rapids, Minnesota.
      1424-1428 2Nd St N, Sauk Rapids, MN 56379
      View Details
    • $6 SF/Yr
      4,200 SF

      Sauk Rapids Warehouse and Office

      4,200 SF warehouse with office/showroom space for lease.
      3705 Quail Rd NE, Sauk Rapids, MN 56379
      View Details
    • Contact for pricing
      1,786 SF

      Sauk Rapids Business Center Space

      Highly visible office space near downtown Sauk Rapids and St. Cloud.
      1139 Franklin Ave NE, Sauk Rapids, MN 56379
      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.
    1139 Franklin Ave NE
    Sauk Rapids, MN 56379
    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.