Property profile

1916 Nokomis NE Alexandria, MN 56308

OFF-MARKET
Warehouses
Property ID
US46-3025927
8,318 SF 12.97 ac lot Built 2023
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2023
Total area 8,318 SF
Lot 12.97 ac (564,973 SF)
APN 63-2972-050
UPID US46-3025927

Cap rate & NOI

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

Location

1916 Nokomis NE Alexandria, MN 56308-6626
Alexandria metro Census 450702 ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$995k
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.07M

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2021
$606,778

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.2M +45.1%
Restaurant $1.1M +29.2%
Retail stores $895,000 +8.5%

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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