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

    16850 Territorial Rd Maple Grove, MN 55369

    • Commercial real estate
    • 24.07 lot acres
    For Sale
    View listing
    $3,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0540259
    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 16850 Territorial Rd

    Lot size
    24.07 lot acres
    Property type
    Commercial real estate
    APN
    3212022320002
    3212022320001
    3212022310003

    Description

    This exceptional 24.07-acre commercial and residential land parcel, located at 16850 Territorial Road in Dayton, Minnesota (zip code 55369), presents a unique investment opportunity. Zoned for Agricultural Districts (A-1), the property is ideally suited for a variety of mixed-use developments, including high-density housing, medical offices, retail spaces, and townhomes. The site boasts immediate access to the Dayton Parkway/I-94 Interchange, providing excellent visibility and convenient access to major transportation arteries. Its strategic location offers proximity to Highway 81, I-94, and Highway 610, ensuring strong connectivity to regional employment centers. Nearby amenities include the Maple Grove Parkway retail and medical corridor and Elm Creek Park Reserve. Significant employment opportunities are within close proximity, encompassing FedEx, Clam, Maple Grove Hospital, and Boston Scientific. The property features existing sewer access and water availability at the property line. Further enhancing its appeal, over 3 million square feet of new industrial development is underway or planned within a two-mile radius, along with over 1,000 new for-sale housing units. This prime location, coupled with its zoning and infrastructure, makes this a compelling investment prospect. The asking price is $3,800,000. APN: 3212022320002 3212022320001 3212022310003. Due diligence materials are available upon request. Additional land may also be available. Served by Osseo Area ISD 279.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Grove
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4963
    Latitude
    45.157795

    Comparable in this City

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      1,840 SF

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    Similar Nearby for Sale

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      1,080 SF

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      Maple Grove Townhome with Porch

      Three-bedroom townhome in a quiet neighborhood, close to amenities.
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      Well-Maintained Townhome Near Rice Lake

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      End-Unit Townhome Near Maple Grove

      Townhome with spacious bedrooms, fireplace, and private patio.
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    • $312,000

      Updated Townhome with Modern Amenities

      Updated 4-bedroom, 3-bathroom townhome near shops and restaurants.
      613 1St Ave NW, Osseo, MN 55369
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    • Contact for pricing
      1,482 SF

      End-Unit Townhome in Maple Grove

      Comfortable townhome with screened porch in desirable Maple Grove.
      8326 Oakview Ct N, Maple Grove, MN 55369
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    Similar Nearby for Lease

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      81,000 SF

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      Maple Grove Executive Suites

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      Maple Grove Office Space Available

      Corner office space with ample parking and signage opportunities.
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      2,309 SF

      Medical Office Space for Lease

      High-quality medical office space with customizable design and professional management.
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    16850 Territorial Rd
    Maple Grove, MN 55369
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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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