1145 Viking E Dr Maplewood, MN 55109-2021
Property profile & analytics
1145 Viking E Dr Maplewood, MN 55109-2021
- Automotive properties
- 6,764 SF
- 1.19 lot acres
Property ID
US46-0559759
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.
Location Intelligence
Current Use by Public Records
- Automotive properties
Property Details for 1145 Viking E Dr
- Year built
- 1964
- Construction
- WOOD FRAME
- Lot size
- 1.19 lot acres
- Property size
- 6,764 SF
- Property type
- Automotive properties
- APN
- 09-29-22-42-0010
- APU
- 92922420010
Description
Exceptional investment opportunity: a 6,764 square foot, fully occupied auto shop in Maplewood, Minnesota. This stabilized property boasts a 6.90% cap rate and a strong, credit-rated national tenant, DriveTime, under a Net Net lease. The building, constructed in 1964 and extensively renovated in 2021, sits on a 1.19-acre lot with ample parking (107 spaces). The property enjoys prime visibility, situated along major thoroughfares, providing convenient access to amenities and high traffic volume. The M-1 zoning allows for continued automotive use. The current lease has over two years remaining, with four and five-year renewal options, featuring a 2% rent bump over the initial term and a 10% increase for each subsequent option. The asking price is $1,900,000, translating to $280.90 per square foot and a substantial net operating income (NOI) of $131,088. This single-story building presents a rare opportunity to acquire a high-performing asset in a thriving automotive retail corridor. The property's recent renovations and long-term lease with a creditworthy tenant ensure a secure and profitable investment. Don't miss this chance to own a piece of Maplewood's automotive landscape.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $345,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $773,000
Market price range: $192k - $801k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Maplewood
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.0524
- Latitude
- 45.0125
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 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
$36,148
$544,300
$979,600
$1,523,900
-
$544,300
$979,600
$1,523,900
