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    Property profile & analytics

    20200 Rogers Dr Rogers, MN 55374-4716

    • Commercial real estate
    • 41.53 lot acres
    OFF-MARKET
    Last Sale
    Mar 13, 2024
    $21,095,378
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0548974
    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 20200 Rogers Dr

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    41.53 lot acres
    Property type
    Commercial real estate
    APN
    24-120-23-32-0003
    APU
    2412023320003

    Description

    This exceptional four-acre commercial land parcel presents a prime opportunity for retail development in the thriving city of Rogers, Minnesota. Boasting unparalleled visibility from Interstate 94 and convenient access via State Highway 101 (with easy on/off ramps), this property enjoys a highly desirable location. The site is zoned RC, making it perfectly suited for a variety of retail uses. Its strategic position adjacent to the Diamond Lake Industrial Park ensures a robust customer base and strong potential for synergy. The surrounding area boasts a high average household income of $131,018 and a steady growth rate of 1.19%, indicating a strong and stable market. This location benefits from the presence of established and successful national retailers such as Cabela's, Goodwill, Target, Kohl's, and CVS, further solidifying its appeal and potential for success. The property consists of two parcels: Parcel ID 24-120-23-32-0008 (assessed at $26,113.54) and Parcel ID 24-120-23-32-0009 (assessed at $16,700.78). This is a rare opportunity to acquire a high-visibility commercial lot in a rapidly growing area with excellent access and strong demographics. Don't miss this chance to secure a prime location for your next retail venture.

    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
    Rogers
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.5359
    Latitude
    45.1869
    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
    $376,831
    $7,045,000
    $5,534,000
    $12,579,000
    -
    $7,045,000
    $5,534,000
    $12,579,000

    Comparable in this City

    • Value Estimation
      $310,000
      1.03 Acres

      21050 135th N Ave

      COMMERCIAL (GENERAL) • 1.03 Acres
      21050 135th N Ave, Rogers, MN 55374-4995
      View Details
    • Value Estimation
      $220,000
      0.38 Acres

      10895 Cain Rd

      COMMERCIAL (GENERAL) • 0.38 Acres
      10895 Cain Rd, Rogers, MN 55374
      View Details
    • Value Estimation
      $330,000
      0.85 Acres

      21370 John Milless Dr

      COMMERCIAL (GENERAL) • 0.85 Acres
      21370 John Milless Dr, Rogers, MN 55374-9449
      View Details
    • Value Estimation
      $175,000
      12.00 Acres

      13400 Rogers Dr

      COMMERCIAL (GENERAL) • 12.00 Acres
      13400 Rogers Dr, Rogers, MN 55374-9493
      View Details
    • Value Estimation by Request
      3.17 Acres

      14160 James Rd

      COMMERCIAL (GENERAL) • 3.17 Acres
      14160 James Rd, Rogers, MN 55374-9447
      View Details
    • Value Estimation by Request
      19.40 Acres

      12521 Main St

      COMMERCIAL (GENERAL) • 19.40 Acres
      12521 Main St, Rogers, MN 55374-9192
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.09 Acres

      Prime Corcoran Commercial Land

      2.09 Acres, C-1 Zoning, High Traffic
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    • $385,000
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      New Construction Home in Rogers

      New 2,436 sq ft home with modern design features.
      23190 Willow Dr, Rogers, MN 55374
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    • Contact for pricing
      1.45 Acres

      Retail Suite in Prime Location

      4,043 SF retail suite available in January 2026.
      13635 Northdale Blvd, Rogers, MN 55374
      View Details
    • $379,060
      2,268 SF

      New Construction Townhome in Rogers

      New 3-bedroom, 2.5-bathroom townhome with modern design and open floorplan.
      23150 Willow Dr, Rogers, MN 55374
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    • $878,365

      Rogers, MN Land Parcel

      4.03 acre land parcel for sale in Rogers, MN.
      Commerce Blvd, Rogers, MN 55374
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    • $353,545

      New Construction Home Ready November

      Under construction home featuring an open layout and luxurious owner's suite.
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    Similar Nearby for Lease

    • Contact for pricing
      6,990 SF

      Retail Space in Rogers, MN

      Retail space available for lease in Rogers Commerce One.
      13690 Rogers Dr, Rogers, MN 55374
      View Details
    • Contact for pricing
      748 SF

      Rogers Office Space Available

      748 SF office space for lease or sublease.
      21308 John Milless Dr, Rogers, MN 55374
      View Details
    • $14 SF/Yr
      13,800 SF

      Rogers Warehouse Space For Lease

      13,800 square foot warehouse space available for lease.
      14295 James Rd, Rogers, MN 55374
      View Details
    • $17 SF/Yr
      1,100 SF

      Office Space with Separate Entrance

      Office space featuring a separate entrance and shared restroom.
      21151 John Milless Dr, Rogers, MN 55374
      View Details
    • $17 SF/Yr
      1,260 SF

      Rogers, MN Medical/Office Space

      Medical/Office space available in Rogers, MN with highway visibility.
      14000 Northdale Blvd, Rogers, MN 55374
      View Details
    • $16 SF/Yr
      1,800 SF

      Medical Office Space Available

      Turnkey medical office space with existing exam rooms.
      14165 James Rd, Rogers, MN 55374
      View Details
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    20200 Rogers Dr
    Rogers, MN 55374-4716
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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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