Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13476 Hanson NW Blvd Andover, MN 55304-4011
    Back to Search
    Property profile & analytics

    13476 Hanson NW Blvd, Andover, MN 55304-4011

    View on Map
    • Industrial properties
    • 5,544 SF
    • 0.87 lot acres
    Off-Market
    Property ID
    US46-0799624
    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
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 13476 Hanson NW Blvd

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    0.87 lot acres
    Property type
    Industrial properties
    APN
    34-32-24-44-0080
    APU
    343224440080

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 16, 2025 — Amba Holdings LLC — Deed · related $600k · Associated Bank NA
    Jan 30, 2020 $600,000 Boettcher Prop Hldgs LLC Margaret E Runke Warranty Deed —
    Sep 27, 2011 — Margaret E Runke Runke,james E Affidavit Of Death · related —
    Nov 12, 2010 $600,000 Boettcher Prop Holdings LLC Runke,james E & Margaret E Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $737,000
      Market price range: $367k - $738k
      AI Estimate
      $384,000
      Market price range: $167k - $439k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $545,000
      Current use
      COMMERCIAL (GENERAL)
      $870,000
      Change: +61% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.307
    Latitude
    45.2154
    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
    2024
    $18,945
    $412,100
    $425,000
    $837,100
    -
    $412,100
    $425,000
    $837,100

    Comparable in this City

    • Value Estimation
      $1,755,000
      20,160 SF

      13835 Aberdeen NE St

      INDUSTRIAL (GENERAL)
      13835 Aberdeen NE St, Ham Lake, MN 55304-4779
      View Details
    • Value Estimation
      $1,435,000
      19,200 SF

      15735 Central NE Ave

      INDUSTRIAL (GENERAL)
      15735 Central NE Ave, Ham Lake, MN 55304-5614
      View Details
    • Value Estimation by Request
      8,642 SF

      1310 154th NE Ave

      INDUSTRIAL (GENERAL)
      1310 154th NE Ave, Ham Lake, MN 55304-5505
      View Details
    • Value Estimation
      $5,725,000
      82,494 SF

      13829 Jay NW St

      INDUSTRIAL (GENERAL)
      13829 Jay NW St, Andover, MN 55304-4076
      View Details
    • Value Estimation
      $650,000
      7,200 SF

      13736 Johnson NE St

      INDUSTRIAL (GENERAL)
      13736 Johnson NE St, Ham Lake, MN 55304-4967
      View Details
    • Value Estimation
      $1,235,000
      14,625 SF

      13915 Lincoln NE St

      INDUSTRIAL (GENERAL)
      13915 Lincoln NE St, Ham Lake, MN 55304-4617
      View Details

    Similar Nearby for Sale

    • New
      $1,200,000
      2,688 SF

      New Industrial Building with Storage

      Versatile industrial building with secured outside storage, built in 2025.
      16651 Polk St NE, Ham Lake, MN 55304
      View Details
    • Contact for pricing
      15,392 SF

      Ham Lake Flex/Industrial Building

      15,392 SF flex/industrial building on 1.25 acres for sale.
      13720 Lincoln St NE, Ham Lake, MN 55304
      View Details
    • Contact for pricing
      51,200 SF

      Andover Industrial Building For Sale

      51,200 SF industrial building on 8.30 acres in Andover.
      1671 139Th Ln Northwest, Andover, MN 55304
      View Details
    • Contact for pricing
      285 SF

      Office Unit with Private Office

      Office unit featuring a large private office with sink.
      3368 Bunker Lake Blvd NW, Andover, MN 55304
      View Details
    • $170,000
      1.23 Acres

      Ham Lake Acreage Lot

      Exceptional 1.23-acre walkout lot in Swedish Chapel Estates.
      Xxx Taconite St NE, Ham Lake, MN 55304
      View Details
    • Contact for pricing

      Andover Commercial Land Opportunity

      Commercial land with high visibility and easy access in Andover.
      2677 Crosstown Dr NW, Andover, MN 55304
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Ham Lake Industrial Space Available

      Industrial space for lease in Ham Lake, Minnesota.
      15720 Lincoln St NE, Ham Lake, MN 55304
      View Details
    • Contact for pricing
      3,699 SF

      New Multi-Tenant Flex Space

      Under construction flex space with drive-in loading and highway access.
      13928 Lincoln St NE, Ham Lake, MN 55304
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space Available in Andover

      Up to 6,000 SF retail space for lease.
      3657 Bunker Lake Blvd NW, Andover, MN 55304
      View Details
    • Contact for pricing
      1,255 SF

      Retail Space on Highway 65

      Retail space with high visibility and ample parking.
      1444 147Th Ave NE, Ham Lake, MN 55304
      View Details
    • Contact for pricing

      Land for Lease Andover

      Land available for lease in Andover, Minnesota.
      2000 Bunker Lake Blvd Northwest, Andover, MN 55304
      View Details
    • Contact for pricing
      1,400 SF

      Prime Retail Space in Andover

      Thriving retail center with high visibility and easy accessibility.
      2218-2288 Bunker Lake Blvd NW, Andover, MN 55304
      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.
    13476 Hanson NW Blvd
    Andover, MN 55304-4011
    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

    Thank You for Inquiry
    13476 Hanson NW Blvd, Andover, MN, 55304
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!