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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Strip malls
13495 Elder Dr Baxter, MN 56425-8763
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US46-0485552
Property summary
AI-generated overview
Northwoods Plaza, a 14,801 square foot retail strip center in Baxter, Minnesota, presents a compelling investment opportunity. Built in 2006, this property boasts a prime location on a 2.45-acre lot at 13495 Elder Drive, 56425, offering excellent visibility and high traffic counts. Currently, 3,025 square feet of retail space is available for lease within this multi-tenant building. The property features 96 parking spaces, ensuring ample convenience for customers and employees. Its C2 - Regional Commercial District zoning allows for a variety of commercial uses. The building benefits from a 200 Amp, single-phase power supply. Northwoods Plaza enjoys a strategic location near major retailers such as Costco, Home Depot, Hobby Lobby, and Super Walmart, creating a synergistic environment and attracting significant foot traffic. The property's APN is 40070585
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
14,857 SF
Lot
2.45 ac (106,800 SF)
APN
40070585
UPID
US46-0485552
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$590k
Owner & transaction history
Christopher T Quisberg
Christopher T Quisberg
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$740,000
+16.6%
Industrial (general)
$675,000
+6.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Baxter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baxter submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Current use
WAREHOUSE, STORAGE
$740,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$675,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$615,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$48,892
Tax year 2023
Assessed value
$1,387,700
Assessed 2023
Previous assessed
$1,341,700
+3.4% YoY
Effective rate
3.52%
On assessed value
Assessed land
$651,500
Assessed improvement
$736,200
Land market value
$651,500
Improvement market value
$736,200
Total market value
$1,387,700
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
3
Total area
14,857 SF
Lot
2.45 ac (106,800 SF)
APN
40070585
UPID
US46-0485552
Jurisdiction
CROW WING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$740,000
INDUSTRIAL (GENERAL)
Est. value
$675,000
RETAIL STORES
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Buildings
3
Lot
2.45 ac
Current owner
From public records · entity-resolved
Christopher T Quisberg
Individual
Mailing address
2220 NORWAY PNE RD SW, BRAINERD, MN 56401-2042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
Christopher T Quisberg
—
Deed
related
$1,750,000 · First National Bank North
Dec 31, 2025
$2,655,000
Christopher T Quisberg
Integrity Plus Investments LLC
Warranty Deed
$1,750,000 · First National Bank North
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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