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

    19922 Industrial Dr Big Lake, MN 55309-8016

    • Commercial real estate
    • 47,548 SF
    • 4.14 lot acres
    OFF-MARKET
    Value Estimations
    $4,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0713405
    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 19922 Industrial Dr

    Year built
    2001
    Lot size
    4.14 lot acres
    Property size
    47,548 SF
    Property type
    Commercial real estate
    APN
    65-505-0105
    APU
    655050105

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,625,000
      Market price range: $3.63M - $14.5M
      AI Estimate
      $2,580,000
      Market price range: $2.58M - $8.33M

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Lake
    County
    Sherburne
    State
    Minnesota
    Longitude
    -93.7204
    Latitude
    45.3331
    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
    $47,202
    $252,500
    $1,565,400
    $1,817,900
    -
    $252,500
    $1,565,400
    $1,817,900

    Comparable in this City

    • Value Estimation
      $1,795,000
      16,176 SF

      17275 197th NW Ave

      COMMERCIAL (GENERAL) • 16,176 SF
      17275 197th NW Ave, Big Lake, MN 55309
      View Details
    • Value Estimation
      $560,000
      3,928 SF

      240 Jefferson Blvd

      COMMERCIAL (GENERAL) • 3,928 SF
      240 Jefferson Blvd, Big Lake, MN 55309-4788
      View Details
    • Value Estimation
      $1,045,000
      5,730 SF

      810 Martin Ave

      COMMERCIAL (GENERAL) • 5,730 SF
      810 Martin Ave, Big Lake, MN 55309-4913
      View Details
    • Value Estimation
      $1,595,000
      13,440 SF

      751 Rose Dr

      COMMERCIAL (GENERAL) • 13,440 SF
      751 Rose Dr, Big Lake, MN 55309-8835
      View Details
    • Value Estimation
      $625,000
      11,568 SF

      19640 200th NW Ave

      COMMERCIAL (GENERAL) • 11,568 SF
      19640 200th NW Ave, Big Lake, MN 55309-3000
      View Details
    • Value Estimation by Request
      941 SF

      29 Lk St S Ste, Unit 200

      COMMERCIAL (GENERAL) • 941 SF
      29 Lk St S Ste, Big Lake, MN 55309-5802
      View Details

    Similar Nearby for Sale

    • $1,350,000
      15.50 Acres

      Big Lake Industrial Land - $1.35M

      15.5 Acres, 675,180 SF, Agricultural Zoning.
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      View Details
    • $160,000
      3.30 Acres

      Acreage in Wooded Development

      Land parcels offer space, privacy, and natural backdrop for custom home.
      L6 262Nd Ave NW, Big Lake, MN 55309
      View Details
    • $349,900
      2,370 SF

      Lakeview Townhome with Finished Basement

      Meticulously maintained townhome overlooking Keller Lake with walk-out basement.
      635 Norwood Ln, Big Lake, MN 55309
      View Details
    • Contact for pricing

      Commercial Land with Highway Access

      Commercial land with utilities, easy highway access, and visibility.
      172Nd St NW, Big Lake, MN 55309
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    • $8,415,000

      Residential Development Land for Sale

      Land for single-family development with 99 planned lots.
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    • $4,312,440

      30+ Acres Industrial Land Available

      Divisible industrial land available for sale in Big Lake, MN.
      166Th St, Big Lake, MN 55309
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,647 SF

      Retail Space Available For Lease

      1,647 SF retail space available for lease.
      726 Martin Ave, Big Lake, MN 55309
      View Details
    • $12 SF/Yr
      1,250 SF

      Big Lake Restaurant Space For Lease

      Prime location, high traffic, established center
      651 Rose Dr, Big Lake, MN 55309
      View Details
    • $13 SF/Yr
      1,312 SF

      Retail Space with Private Entrance

      Retail space featuring individual entrances and a private restroom.
      751 Rose Dr, Big Lake, MN 55309
      View Details
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    Big Lake, MN 55309-8016
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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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