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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15000 Glazier Ave Apple Valley, MN 55124-6456

    • Motels
    • 35,296 SF
    • 1.62 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2023
    $6,300,000
    Value Estimations
    $6,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0655948
    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

    • Motels

    Property Details for 15000 Glazier Ave

    Year built
    1996
    Construction
    WOOD FRAME
    Lot size
    1.62 lot acres
    Property size
    35,296 SF
    Property type
    Motels
    APN
    01-11730-01-014
    APU
    11173001014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,415,000
      ML approach
      $6,105,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,940,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2167
    Latitude
    44.7324
    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
    $75,126
    $677,800
    $1,949,400
    $2,627,200
    -
    $677,800
    $1,949,400
    $2,627,200

    Comparable in this City

    • Value Estimation
      $770,000
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      7083 153rd W St

      MOTEL • 66,915 SF
      7083 153rd W St, Apple Valley, MN 55124-7289
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    • Value Estimation by Request

      15255 Johnny Cake Rdg Rd

      INDUSTRIAL (GENERAL)
      15255 Johnny Cake Rdg Rd, Apple Valley, MN 55124
      View Details
    • Value Estimation
      $585,000
      12,136 SF

      15917 Fjord Ave

      APARTMENT HOUSE (5+ UNITS) • 12,136 SF
      15917 Fjord Ave, Apple Valley, MN 55124-5841
      View Details
    • Value Estimation
      $8,675,000
      138,285 SF

      14940 Florence Trl

      DEPARTMENT STORE • 138,285 SF
      14940 Florence Trl, Apple Valley, MN 55124-4628
      View Details
    • Value Estimation
      $1,405,000
      12,144 SF

      14949 Florence Trl

      SHOPPING CENTER, STRIP CENTER • 12,144 SF
      14949 Florence Trl, Apple Valley, MN 55124-4716
      View Details
    • Value Estimation
      $3,640,000
      35,146 SF

      14929 Florence Trl

      SHOPPING CENTER, STRIP CENTER • 35,146 SF
      14929 Florence Trl, Apple Valley, MN 55124-4631
      View Details

    Similar Nearby for Sale

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      Updated Condo in Apple Valley

      Spacious 3-bedroom, 2-bathroom condo with recent updates and amenities.
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      Updated Flex Space Building

      Flex space with updated interior and exterior, drive-in door.
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    • $960,000
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      Cedar Valley Plaza: Mixed-Use Investment

      Prime Apple Valley location, 13,120 sq ft, high visibility.
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    • $500,000

      Commercial Land on High Traffic

      1.1 acre commercial land with utilities and existing parking.
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    • $285,000
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      Rare 1+ acre wooded lot in Apple Valley, MN.
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    Similar Nearby for Lease

    • Contact for pricing
      1,960 SF

      Retail Space in Apple Valley

      Neighborhood retail center with high visibility and diverse tenant mix.
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    • $12 SF/Yr
      700 SF

      Apple Valley Office Space Available

      700 square feet of office space for lease.
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    • Contact for pricing
      4,701 SF

      East Valley Plaza Retail Space

      Apple Valley, MN: Prime Retail Opportunity
      14050 Pilot Knob Rd, Apple Valley, MN 55124
      View Details
    • $14 SF/Yr
      13,120 SF

      Apple Valley Retail Space For Lease

      Prime Retail/Office Space Available in Apple Valley, MN
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      View Details
    • Contact for pricing
      50,129 SF

      Apple Valley Office Building

      Prime Office/Medical Space, Excellent Location
      14665 Galaxie Ave, Apple Valley, MN 55124
      View Details
    • $7 SF/Yr
      56,779 SF

      Apple Valley Warehouse Space

      Warehouse space available for lease in Apple Valley, Minnesota.
      14720 Energy Way, Apple Valley, MN 55124
      View Details

    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      2.2k
    • Avg Time on site
      528 min
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    15000 Glazier Ave
    Apple Valley, MN 55124-6456
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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.

    More about this property
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