Technical
Financial
Distress signals
Property profile

1800 Riverview Dr Northfield, MN 55057

OFF-MARKET
Other office properties
Property ID
US46-1141660
6,000 SF 6.3 ac lot Built 2000
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Industrial warehouse facility constructed in 2000 and updated across multiple years (2006, 2010, 2013, and 2023), located approximately 30 minutes from the Twin Cities. The property is situated on 6.3 acres and totals 67,930 square feet, including 58,970 square feet of warehouse space and 8,960 square feet of office space, with outdoor areas for vehicle maneuvering and storage. The two-story office includes a reception area, 13 private offices, 3 conference rooms, a 14–16 cubicle area, an expanded and modernized break room, and two sets of restrooms. Warehouse features include a maximum ceiling height of 34 feet, 13 drive-in doors, and 3 drive-through bays sized 60x140 and 75x150, along with overhead cranes with capacities of 2x20-ton, 2x10-ton, and 2x5-ton per bay. Building systems and utilities include upgraded 800-amp three-phase power, radiant heated floors with in-floor drains, multiple HVAC systems, 2-inch compressed air lines, two central pressure washers, a sprinkler wet system, and LED lighting throughout. Office flooring and carpet were replaced during the office updates.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Year built 2000
Total area 6,000 SF
Lot 6.3 ac (274,428 SF)
APN 22.11.1.26.001
UPID US46-1141660

Cap rate & NOI

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

Location

1800 Riverview Dr Northfield, MN 55057-3292
Northfield metro Census 70602 FARIBAULT-NORTHFIELD, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.23M

Owner & transaction history

since 2021
Last sale
$3.0M
7 recorded transactions
2021
$3.0M
2016
Price N/A
2006
$2.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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