Add Listing
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

    1299 Mississippi St NE Fridley, MN 55432

    • Commercial real estate
    • 2,900 SF
    • 1.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0836278
    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 1299 Mississippi St NE

    Lot size
    1.00 lot acres
    Property size
    2,900 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial land parcel, located at 1299 Mississippi St NE in Fridley, Minnesota, presents a unique investment opportunity. The property boasts a total land area of 0.48 acres, offering ample space for development or expansion. The existing building comprises 2,900 square feet, suitable for a variety of commercial uses. The property is zoned C2, providing flexibility for diverse business ventures. Conveniently situated in Anoka County, with a 55432 zip code, this location offers excellent access to major transportation routes and a thriving business community. The site includes 16 parking spaces, ensuring ample parking for employees and customers. This single-tenant property is ready for immediate occupancy, providing a turnkey solution for businesses seeking a strategic location in the Minneapolis metropolitan area. The property's prime location and versatile zoning make it an ideal choice for entrepreneurs and established businesses alike. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The property is situated in Fridley, though the address lists Minneapolis, and is in Anoka County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fridley
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2382264
    Latitude
    45.086243

    Comparable in this City

    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for rent, single tenant, 5,044 SqFt.
      7155 Commerce Cir W, Minneapolis, MN 55432
      View Details
    • Contact for pricing

      Versatile Retail and Warehouse Space

      Retail, showroom, warehouse, and office spaces available for rent.
      8409-8421 Center Dr, Spring Lake Park, MN 55432
      View Details
    • Contact for pricing
      720 SF

      Corner Office Unit For Rent

      720 SF corner office unit, renovated in 2021.
      6230 Highway 65 NE, Fridley, MN 55432
      View Details
    • Contact for pricing

      Fridley Industrial Space Available

      8,200 SF industrial space with drive-in and dock-high doors.
      7165 Commerce Cir W, Fridley, MN 55432
      View Details
    • Contact for pricing
      19,558 SF

      Fridley Office Space for Lease

      Unique office space suitable for therapists, nonprofits, and general office.
      7590 Lyric Ln NE, Fridley, MN 55432
      View Details
    • Contact for pricing
      3,124 SF

      Medical Office Space For Rent

      Prime location with skyway access to Mercy Hospital.
      480 Osborne Rd NE, Fridley, MN 55432
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      1299 Mississippi St NE, Minneapolis, MN 55432
      View Details
    • Contact for pricing
      5,462 SF

      Mister Car Wash Investment Opportunity

      Single-tenant Mister Car Wash with long-term NNN lease.
      7699 Highway 65 NE, Fridley, MN 55432
      View Details
    • Contact for pricing
      2,900 SF

      Fridley Office Building For Sale

      Two-story office building with separate entrances in Fridley, Minnesota.
      1299 Mississippi St NE, Fridley, MN 55432
      View Details
    • $1,600,000
      3,284 SF

      Remodeled Restaurant with Drive-Thru

      Turnkey restaurant with drive-thru, patio, and highway visibility.
      7601 Highway 65 NE, Fridley, MN 55432
      View Details
    • $2,218,487

      Retail Auto Repair Shop

      Retail auto repair shop located in Northtown Submarket.
      7710 University Ave NE, Minneapolis, MN 55432
      View Details
    • Contact for pricing
      2,188 SF

      Renovated Office Space For Rent

      Office space for rent, renovated in 2022, convenient location.
      6240 Highway 65 Northeast, Fridley, MN 55432
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for rent, single tenant, 5,044 SqFt.
      7155 Commerce Cir W, Minneapolis, MN 55432
      View Details
    • Contact for pricing

      Versatile Retail and Warehouse Space

      Retail, showroom, warehouse, and office spaces available for rent.
      8409-8421 Center Dr, Spring Lake Park, MN 55432
      View Details
    • Contact for pricing
      720 SF

      Corner Office Unit For Rent

      720 SF corner office unit, renovated in 2021.
      6230 Highway 65 NE, Fridley, MN 55432
      View Details
    • Contact for pricing

      Fridley Industrial Space Available

      8,200 SF industrial space with drive-in and dock-high doors.
      7165 Commerce Cir W, Fridley, MN 55432
      View Details
    • Contact for pricing
      19,558 SF

      Fridley Office Space for Lease

      Unique office space suitable for therapists, nonprofits, and general office.
      7590 Lyric Ln NE, Fridley, MN 55432
      View Details
    • Contact for pricing
      3,124 SF

      Medical Office Space For Rent

      Prime location with skyway access to Mercy Hospital.
      480 Osborne Rd NE, Fridley, MN 55432
      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.
    1299 Mississippi St NE
    Fridley, MN 55432
    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.
    Sign Up Successful!
    You now have access to more from Realmo!