Property profile

11920 53rd NE St Albertville, MN 55301

OFF-MARKET
Flex space
Property ID
US46-1620157
32,015 SF 6.2 ac lot Built 1979
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 32,015 SF
Lot 6.2 ac (270,028 SF)
APN 101-022-002050
UPID US46-1620157

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11920 53rd NE St Albertville, MN 55301-3952
Albertville metro Census 100807 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.96M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.15M

Owner & transaction history

since 2021
Last sale
$3.5M
6 recorded transactions
2021
$3.5M
2011
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $4.2M +50.2%
Restaurant $4.2M +48.2%
Auto repair, garage $3.8M +32.8%

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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