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

    1511 Weir Dr Woodbury, MN 55125-2244

    • Grocery and convenience stores
    • 2,646 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2021
    $575,000
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0701409
    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

    • Grocery and convenience stores

    Property Details for 1511 Weir Dr

    Year built
    1987
    Lot size
    0.61 lot acres
    Property size
    2,646 SF
    Property type
    Grocery and convenience stores
    APN
    07-028-21-42-0013
    APU
    702821420013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $545,000
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $517,000
      Market price range: $199k - $572k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $355,000
      Current use
      AUTO REPAIR, GARAGE
      $535,000
      Change: +51% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $445,000
      Change: +25% Conversion: Difficult
      MEDICAL BUILDING
      $390,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Washington
    State
    Minnesota
    Longitude
    -92.972
    Latitude
    44.9267
    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
    $17,310
    $316,400
    $303,900
    $620,300
    -
    $316,400
    $303,900
    $620,300

    Comparable in this City

    • Value Estimation
      $5,690,000
      4,640 SF

      9910 Norma Ln

      CONVENIENCE STORE (W/FUEL PUMP) • 4,640 SF
      9910 Norma Ln, Woodbury, MN 55125-4836
      View Details
    • Value Estimation
      $2,105,000
      24,797 SF

      8472 Tamarack Bay

      GROCERY, SUPERMARKET • 24,797 SF
      8472 Tamarack Bay, Woodbury, MN 55125-3738
      View Details
    • Value Estimation
      $715,000
      5,273 SF

      6401 Lk Rd Ter

      CONVENIENCE STORE (W/FUEL PUMP) • 5,273 SF
      6401 Lk Rd Ter, Woodbury, MN 55125-1480
      View Details
    • Value Estimation by Request
      4,543 SF

      8477 City Ctr Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 4,543 SF
      8477 City Ctr Dr, Woodbury, MN 55125-3380
      View Details
    • Value Estimation
      $715,000
      5,312 SF

      1569 Woodlane Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 5,312 SF
      1569 Woodlane Dr, Woodbury, MN 55125-2222
      View Details
    • Value Estimation by Request
      360 SF

      Saint Paul, MN 55125

      CONVENIENCE STORE (W/FUEL PUMP) • 360 SF
      Saint Paul, MN 55125
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      86,350 SF

      Woodbury Retail Storefront Opportunity

      High-Visibility Retail Space, Redevelopment Potential
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      Woodbury Multi-Tenant Retail Portfolio

      Two fully leased retail centers in Woodbury, Minnesota.
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      Woodbury Townhome with Private Courtyard

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      End-unit townhome with updates, sunroom, and oversized garage.
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      Updated Townhome in Prime Location

      Charming 2-bedroom townhome in Woodbury, move-in ready and conveniently located.
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      12,693 SF Medical Office, $2.8M
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    Similar Nearby for Lease

    • Contact for pricing
      1,914 SF

      Woodbury Retail Shopping Center Space

      Retail space available in well-established Woodbury shopping center.
      1750 Weir Dr E, Woodbury, MN 55125
      View Details
    • Contact for pricing
      1,137 SF

      Retail Space in Season’s Market

      Retail space available in established Woodbury shopping center.
      783 Radio Dr, Woodbury, MN 55125
      View Details
    • Contact for pricing
      5,697 SF

      Regional Center Retail Space

      Retail space available in established regional center with high traffic.
      8290-8320 Tamarack Vlg, Woodbury, MN 55125
      View Details
    • Contact for pricing
      3,614 SF

      Retail Space in Woodbury Center

      Retail space with excellent access and visibility in Woodbury.
      245 Radio Dr, Woodbury, MN 55125
      View Details
    • Contact for pricing
      753 SF

      Retail Space with Freeway Visibility

      Retail space with FF&E, freeway visibility, and ample parking.
      6445 Lake Road Ter, Woodbury, MN 55125
      View Details
    • Contact for pricing
      1,436 SF

      Retail Space in Tamarack Hills

      Retail space with great visibility and easy highway access.
      755 Bielenberg Dr, Woodbury, MN 55125
      View Details

    Property Visit Statistics

    • Visits by month
      9.4k
    • Visitors by month
      8.1k
    • Avg Time on site
      5 min
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    Woodbury, MN 55125-2244
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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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