Property profile

11440 8th NE St Hanover, MN 55341

OFF-MARKET
Warehouses
Property ID
US46-0489962
4,800 SF 5 ac lot Built 1987
Trust Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1987
Construction WOOD
Total area 4,800 SF
Lot 5 ac (217,974 SF)
APN 108-500-362403
UPID US46-0489962

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
  • Construction Company General Contractor

Location

11440 8th NE St Hanover, MN 55341-4055
Hanover metro Census 100805 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$607k
Blend (final) Blend
$605k

Owner & transaction history

since 2019
1 recorded transaction
2019
$500

Zoning & alternative use

Top alternative use upside
Office building $635,000 +63.3%
Auto repair, garage $560,000 +44.4%
Retail stores $560,000 +44.1%

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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