Property profile

14665 Mercantile N Dr Hugo, MN 55038

OFF-MARKET
Strip malls
Property ID
US46-1602579
18,061 SF 2.86 ac lot Built 2005
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Total area 18,061 SF
Lot 2.86 ac (124,538 SF)
APN 19-031-21-23-0161
UPID US46-1602579

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Pediatrician Physician
  • Alternative Medicine Practice

Location

14665 Mercantile N Dr Hugo, MN 55038-4559
Hugo metro Census 70204 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$950k
Blend (final) Blend
$720k

Owner & transaction history

since 2015
2 recorded transactions
2015
$2.9M
2005
$551,538

Zoning & alternative use

Top alternative use upside
Industrial (general) $1.1M +53.4%
Retail stores $940,000 +28.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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