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    1338 Hwy 96th E White Bear Lake, MN 55110-3651
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    Property profile & analytics

    1338 Hwy 96th E White Bear Lake, MN 55110-3651

    View on Map
    • Strip malls
    • 34,986 SF
    • 6.15 lot acres
    Off-Market
    Last Sale Feb 14, 2025
    Property ID
    US46-1078090
    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.
    Value Estimations
    $2,480,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1338 Hwy 96th E

    Year built
    1985
    Lot size
    6.15 lot acres
    Property size
    34,986 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    22-30-22-22-0050
    APU
    223022220050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    White Bear Lake
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0434
    Latitude
    45.0784
    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
    $110,746
    $2,411,000
    $1,699,500
    $4,110,500
    -
    $2,411,000
    $1,699,500
    $4,110,500

    Comparable in this City

    • Value Estimation
      $1,195,000
      15,294 SF

      4422 Hwy 61st N

      SHOPPING CENTER, STRIP CENTER • 15,294 SF
      4422 Hwy 61st N, White Bear Lake, MN 55110
      View Details
    • Value Estimation
      $2,820,000
      37,275 SF

      2670 County Rd Ee

      SHOPPING CENTER, STRIP CENTER • 37,275 SF
      2670 County Rd Ee, White Bear Lake, MN 55110-4909
      View Details
    • Value Estimation
      $2,750,000
      25,672 SF

      4703 Hwy 61st N

      SHOPPING CENTER, STRIP CENTER • 25,672 SF
      4703 Hwy 61st N, White Bear Lake, MN 55110-3227
      View Details
    • Value Estimation
      $1,440,000
      11,824 SF

      5960 Hwy 61st N

      SHOPPING CENTER, STRIP CENTER • 11,824 SF
      5960 Hwy 61st N, Saint Paul, MN 55110-2456
      View Details
    • Value Estimation
      $3,255,000
      19,236 SF

      2137 4th St

      SHOPPING CENTER, STRIP CENTER • 19,236 SF
      2137 4th St, White Bear Lake, MN 55110-3037
      View Details
    • Value Estimation
      $1,430,000
      15,345 SF

      1132 County Rd Ee

      SHOPPING CENTER, STRIP CENTER • 15,345 SF
      1132 County Rd Ee, Vadnais Heights, MN 55110-5133
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      Prime Commercial Space in White Bear

      Highly visible commercial space in downtown White Bear Lake.
      2171 4Th Street Cir, White Bear Lake, MN 55110
      View Details
    • $500,000
      0.48 Acres

      White Bear Lake Commercial Opportunity

      High-visibility corner lot, ideal for diverse business ventures.
      2491 County Road E, White Bear Lake, MN 55110
      View Details
    • $3,150,000
      3,770 SF

      White Bear Lake Warehouse Opportunity

      22,025 SF industrial/warehouse space on 1.87 acres for lease.
      1765 Buerkle Rd, White Bear Lake, MN 55110
      View Details
    • Contact for pricing
      15,600 SF

      Proposed Office Building For Lease

      Proposed 15,600 SF office building available for lease.
      Linden Ave, White Bear Lake, MN 55110
      View Details
    • $2,100,000

      Vadnais Heights Development Land

      Prime development land with high traffic and accessibility.
      Talmage Cir, Vadnais Heights, MN 55110
      View Details
    • $799,000
      4,637 SF

      Vadnais Heights Warehouse For Sale

      Well-maintained warehouse with expansion and outside storage potential.
      3860 Labore Rd, Vadnais Heights, MN 55110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,329 SF

      Retail Space in White Bear

      Retail opportunity with strong demographics and traffic counts.
      2670-2720 Cty Rd E, White Bear Lake, MN 55110
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in White Bear

      Shopping center with new ownership and exciting changes underway.
      S Birch Lake Blvd, White Bear Lake, MN 55110
      View Details
    • Contact for pricing

      Birch Lake Square Retail Opportunity

      Reinvented shopping center in White Bear Lake, new ownership.
      1340 Highway 96 E, White Bear Lake, MN 55110
      View Details
    • Contact for pricing
      5,295 SF

      Retail Space Available For Lease

      Retail space available for lease in White Bear Lake.
      2680 County Road E East, White Bear Lake, MN 55110
      View Details
    • Contact for pricing

      Industrial Garage Space For Lease

      Industrial garage space for lease near Highway I-694 & I-35E.
      3301-3325 Labore Rd, Vadnais Heights, MN 55110
      View Details
    • Contact for pricing

      Retail Property 100% Leased

      Retail property in Vadnais Heights, currently 100% leased.
      1460-1472 County Road E East, Vadnais Heights, MN 55110
      View Details
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    White Bear Lake, MN 55110-3651
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    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.

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