Sign Up Successful!
You now have access to more from Realmo!
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

    1384 109th NE Ave Blaine, MN 55434-4542

    • Commercial real estate
    • 8,850 SF
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1885054
    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 1384 109th NE Ave

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.00 lot acres
    Property size
    8,850 SF
    Property type
    Commercial real estate
    APN
    20-31-23-21-0086
    APU
    203123210086

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,035,000
      6.5%
      $1,880,000
      7%
      $1,745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,579,000
      Market price range: $799k - $2.58M
      AI Estimate
      $1,376,000
      Market price range: $420k - $1.38M

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

    Location Insight

    • Map
    • Local Demand
    City
    Blaine
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2359
    Latitude
    45.1674
    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
    $61,691
    $845,200
    $1,610,000
    $2,455,200
    -
    $845,200
    $1,610,000
    $2,455,200

    Comparable in this City

    • Value Estimation
      $1,850,000
      11,809 SF

      1385 107th NE Ave

      COMMERCIAL (GENERAL) • 11,809 SF
      1385 107th NE Ave, Blaine, MN 55434-2012
      View Details
    • Value Estimation
      $1,375,000
      9,798 SF

      10141 University NE Ave

      COMMERCIAL (GENERAL) • 9,798 SF
      10141 University NE Ave, Blaine, MN 55434-8014
      View Details
    • Value Estimation by Request
      1,596 SF

      9305 Central NE Ave

      COMMERCIAL (GENERAL) • 1,596 SF
      9305 Central NE Ave, Blaine, MN 55434-3426
      View Details
    • Value Estimation
      $7,330,000
      45,735 SF

      11225 Ulysses NE St

      COMMERCIAL (GENERAL) • 45,735 SF
      11225 Ulysses NE St, Blaine, MN 55434-4261
      View Details
    • Value Estimation
      $925,000
      5,195 SF

      12401 Ulysses NE St

      COMMERCIAL (GENERAL) • 5,195 SF
      12401 Ulysses NE St, Blaine, MN 55434-3940
      View Details
    • Value Estimation
      $2,145,000
      12,570 SF

      11421 Ulysses NE St

      COMMERCIAL (GENERAL) • 12,570 SF
      11421 Ulysses NE St, Blaine, MN 55434-3946
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      56,744 SF

      Prime Blaine Industrial Space

      Large industrial building, 4.8 acres
      170 89Th Ave, Blaine, MN 55434
      View Details
    • Contact for pricing
      0.81 Acres

      Blaine Commercial Land Opportunity

      Prime 0.81-acre commercial lot in Blaine, MN
      1351 113 Ave, Blaine, MN 55434
      View Details
    • $207,000

      Move-In Ready Home with Updates

      Updated home with modern amenities, convenient location, and rental options.
      9989 Fillmore St NE, Minneapolis, MN 55434
      View Details
    • Contact for pricing

      Northtown Mall Retail Spaces

      Prime Blaine, MN Shopping Center Pads & Junior Boxes
      389 Northtown Dr, Blaine, MN 55434
      View Details
    • Contact for pricing
      165,000 SF

      Brooklyn Park Warehouse Space

      165,000 square foot warehouse in Brooklyn Park, Minnesota.
      109Th Ave N, Brooklyn Park, MN 55434
      View Details
    • $699,900

      Commercial Land For Sale

      0.85 acres of commercial land with high visibility.
      3350 124Th Ave NW, Coon Rapids, MN 55434
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      105,561 SF

      Oak Park Plaza: Retail Space Available

      Grocery-anchored retail center; 7 spaces available.
      10731-10881 University Ave, Blaine, MN 55434
      View Details
    • Contact for pricing
      151,768 SF

      Brooklyn Park Industrial Space Available

      Industrial property in Brooklyn Park with highway access and visibility.
      6601 94Th Ave N, Brooklyn Park, MN 55434
      View Details
    • Contact for pricing
      63,788 SF

      Northtown Mall: Retail Space Available

      High-traffic Blaine mall; large spaces available.
      398 Northtown Dr, Blaine, MN 55434
      View Details
    • Contact for pricing
      22,392 SF

      Blaine Retail Space Available

      Retail space available for lease in Blaine, Minnesota.
      10985 Ulysses St NE, Minneapolis, MN 55434
      View Details
    • Contact for pricing
      30,000 SF

      Medical Office Building Opportunity

      Development-ready site for lease or build-to-suit medical office.
      5701 94Th Ave N, Brooklyn Park, MN 55434
      View Details
    • Contact for pricing
      30,000 SF

      Proposed Class A Medical Building

      Proposed two-story medical building with premier signage opportunities.
      6201 96Th Ln N, Brooklyn Park, MN 55434
      View Details

    Property Visit Statistics

    • Visits by month
      31.2k
    • Visitors by month
      17.0k
    • Avg Time on site
      12 min
    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.
    1384 109th NE Ave
    Blaine, MN 55434-4542
    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.