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

    11909 Main St Maple Grove, MN 55369-7098

    • Commercial real estate
    • 10,303 SF
    • 1.82 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2025
    $4,000,000
    Value Estimations
    $3,845,000
    Show details
    Cap Rate Potential
    3.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US46-3202243
    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

    • Commercial real estate

    Property Details for 11909 Main St

    Year built
    2003
    Lot size
    1.82 lot acres
    Property size
    10,303 SF
    Property type
    Commercial real estate
    APN
    26-119-22-24-0016
    APU
    2611922240016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,670,000
      ML approach
      $3,715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,488,000
      Market price range: $1.23M - $2.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Grove
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4324
    Latitude
    45.0905
    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
    $96,787
    $1,298,200
    $2,109,100
    $3,407,300
    -
    $1,298,200
    $2,109,100
    $3,407,300

    Comparable in this City

    • Value Estimation by Request
      15,000 SF

      11670 Fountains Dr

      Office space • 15,000 SF
      11670 Fountains Dr, Maple Grove, MN 55369
      View Details
    • Value Estimation by Request
      1.44 Acres

      209 Co No 81st Svc W Rd

      COMMERCIAL (GENERAL) • 1.44 Acres
      209 Co No 81st Svc W Rd, Osseo, MN 55369
      View Details
    • Value Estimation by Request
      0.39 Acres

      21 1st NW St

      COMMERCIAL (GENERAL) • 0.39 Acres
      21 1st NW St, Osseo, MN 55369-1034
      View Details
    • Value Estimation by Request
      1.52 Acres

      300 5th SE Ave

      COMMERCIAL (GENERAL) • 1.52 Acres
      300 5th SE Ave, Osseo, MN 55369-1616
      View Details
    • Value Estimation by Request
      1.85 Acres

      13521 80th N Cir

      COMMERCIAL (GENERAL) • 1.85 Acres
      13521 80th N Cir, Maple Grove, MN 55369-8908
      View Details
    • Value Estimation by Request
      0.24 Acres

      301 Central Ave

      COMMERCIAL (GENERAL) • 0.24 Acres
      301 Central Ave, Osseo, MN 55369-1126
      View Details

    Similar Nearby for Sale

    • $245,000
      1,080 SF

      Maple Grove Townhome with Pond

      Convenient Maple Grove townhome with serene pond and walking path views.
      14291 92Nd Ave N, Maple Grove, MN 55369
      View Details
    • $2,700,000
      21,162 SF

      Maple Grove Warehouse For Sale

      21,162 SF warehouse/industrial property in Maple Grove, Minnesota.
      9633 85Th Ave N, Maple Grove, MN 55369
      View Details
    • $270,000
      1,840 SF

      Maple Grove Townhome with Porch

      Three-bedroom townhome in a quiet neighborhood, close to amenities.
      8704 Cottonwood Ln N, Maple Grove, MN 55369
      View Details
    • $3,800,000

      Land Suitable for Mixed-Use Development

      Land guided for mixed-use development with high-density potential.
      16850 Territorial Rd, Maple Grove, MN 55369
      View Details
    • $249,000
      1,408 SF

      Well-Maintained Townhome Near Rice Lake

      Bright, open-concept townhome with updated bathrooms and flexible lower level.
      14350 92Nd Ave N, Maple Grove, MN 55369
      View Details
    • $1,400,000
      6,750 SF

      Industrial Building with Three Suites

      Small bay industrial building with three suites near Highway 169.
      9664 85Th Ave N, Maple Grove, MN 55369
      View Details

    Similar Nearby for Lease

    • $949,000
      1,900 SF

      Retail Space on Central Avenue

      Retail space available for rent on Central Avenue.
      311-313 Central Ave, Osseo, MN 55369
      View Details
    • Contact for pricing
      2,047 SF

      Retail Space Available for Lease

      2,047 SF retail space suitable for various businesses.
      13700-13770 83Rd Way N, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      4,000 SF

      Maple Grove Warehouse Space

      Warehouse space with highway access and loading docks in Maple Grove.
      8571-8591 Jefferson Hwy N, Maple Grove, MN 55369
      View Details
    • $32 SF/Yr
      1,704 SF

      Maple Grove Office Space Available

      Corner office space with ample parking and signage opportunities.
      7830 Main St, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      5,688 SF

      Maple Grove Warehouse Space

      Warehouse space with dock loading and highway access.
      9500-9636 85Th Ave N, Maple Grove, MN 55369
      View Details
    • Contact for pricing
      2,309 SF

      Medical Office Space for Lease

      High-quality medical office space with customizable design and professional management.
      16401 101St Ave N, Maple Grove, MN 55369
      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.
    11909 Main St
    Maple Grove, MN 55369-7098
    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.