Property profile

1200 Commerce Blvd Howard Lake, MN 55349

OFF-MARKET
Flex space
Property ID
US46-2905434
141,067 SF 23.87 ac lot Built 2016
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2016
Construction CONCRETE
Total area 141,067 SF
Lot 23.87 ac (1,039,647 SF)
APN 109-056-001010
UPID US46-2905434

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
  • Grocery & Convenience Store Food Market

Location

1200 Commerce Blvd Howard Lake, MN 55349-4542
Howard Lake metro Census 101200 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
$11.18M
Blend (final) Blend
$11.20M

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $18.4M +60.1%
Auto repair, garage $16.5M +43.5%
Retail stores $16.5M +43.2%

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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