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

    15970 Jarvis NW St Elk River, MN 55330-6231

    • Commercial real estate
    • 12,000 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0269405
    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 15970 Jarvis NW St

    Year built
    2005
    Lot size
    3.00 lot acres
    Property size
    12,000 SF
    Property type
    Commercial real estate
    APN
    75-720-0110
    APU
    757200110

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,204,000
      Market price range: $633k - $2.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk River
    County
    Sherburne
    State
    Minnesota
    Longitude
    -93.5139
    Latitude
    45.2608
    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
    $34,116
    $300,600
    $1,013,000
    $1,313,600
    -
    $300,600
    $1,013,000
    $1,313,600

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      Elk River, MN 55330

      COMMERCIAL (GENERAL) • 0.12 Acres
      Elk River, MN 55330
      View Details
    • Value Estimation
      $2,095,000
      20,240 SF

      11040 Industrial NW Cir

      COMMERCIAL (GENERAL) • 20,240 SF
      11040 Industrial NW Cir, Elk River, MN 55330-4729
      View Details
    • Value Estimation by Request
      3.02 Acres

      Tbd Quaday Ave

      Land • 3.02 Acres
      0 Tbd Quaday Ave, Otsego, MN 55330
      View Details
    • Value Estimation by Request
      288 SF

      Elk River, MN 55330

      COMMERCIAL (GENERAL) • 288 SF
      Elk River, MN 55330
      View Details
    • Value Estimation by Request
      14,000 SF

      19320 Us-169

      Retail properties • 14,000 SF
      19320 Us-169, Elk River, MN 55330
      View Details
    • Value Estimation
      $800,000
      1,913 SF

      11044 167th NW Ave

      COMMERCIAL (GENERAL) • 1,913 SF
      11044 167th NW Ave, Elk River, MN 55330-6321
      View Details

    Similar Nearby for Sale

    • $325,000

      End-Unit Townhome with Wooded Views

      End-unit townhome with unfinished basement and updated features.
      10966 185Th Ave NW, Elk River, MN 55330
      View Details
    • $80,000
      2.50 Acres

      Land for Residential Development

      2.5-acre lot for building a new home.
      20072 Lander St NW, Elk River, MN 55330
      View Details
    • Contact for pricing

      Redevelopment Site at Elk River

      Former theater site with redevelopment potential and highway access.
      570 Freeport Ave NW, Elk River, MN 55330
      View Details
    • $1,056,765
      12.13 Acres

      Elk River Industrial Land - $1M+

      12-Acre Industrial Lot, Prime Elk River Location
      17610 Tyler St, Elk River, MN 55330
      View Details
    • Contact for pricing

      Otsego Land for Industrial Use

      Land available for industrial uses with sewer and water.
      16708 65Th St NE, Otsego, MN 55330
      View Details
    • $235,224

      Commercial Land Available in Otsego

      Two parcels of commercial land for sale in Otsego, MN.
      Quantrelle Ave, Otsego, MN 55330
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      34,776 SF

      Modern Industrial Space For Rent

      Functional industrial space with office build-out and heavy power.
      17834 Industrial Cir NW, Elk River, MN 55330
      View Details
    • Contact for pricing
      1,476 SF

      Retail Space on Highway 169

      Retail space with high visibility and ample parking available for rent.
      19320-19344 Highway 169 NW, Elk River, MN 55330
      View Details
    • $14 SF/Yr
      3,105 SF

      Renovated Office Space Available

      Move-in ready office space with private offices and ample parking.
      650 Dodge Ave NW, Elk River, MN 55330
      View Details
    • $11 SF/Yr
      2,015 SF

      Professional Office Building in Elk River

      Professional office building in Elk River with convenient northwest metro location.
      19230 Evans St NW, Elk River, MN 55330
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Elk River

      Retail space available in a vibrant Elk River shopping center.
      19116-19144 Freeport St, Elk River, MN 55330
      View Details
    • $17 SF/Yr
      1,635 SF

      Retail Center on Highway 10

      19,544 SF retail center with highway visibility for lease.
      13501 Business Center Dr NW, Elk River, MN 55330
      View Details
    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.
    15970 Jarvis NW St
    Elk River, MN 55330-6231
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.