Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    205 Myrtle S Dr Annandale, MN 55302-9420
    Back to Search
    Property profile & analytics

    205 Myrtle S Dr Annandale, MN 55302-9420

    View on Map
    • Retail properties & Spaces
    • 1,788 SF
    • 0.27 lot acres
    Off-Market
    Property ID
    US46-0323782
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Annandale Monument & Countertops / General Contractor
    • Boulder House Granite / Building Supply / Hardware & Home Improvement

    Property Details for 205 Myrtle S Dr

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    1,788 SF
    Property type
    Retail properties & Spaces
    APN
    102-500-304103
    APU
    102500304103

    Description

    This exceptional commercial property at 205 Myrtle Drive S, Annandale, MN, offers 2,460 square feet of versatile space on a 0.27-acre lot. Ideally situated for maximum exposure, the property benefits from high daily traffic volume on Highway 55, with over 8,000 vehicles passing by daily, according to the Minnesota Department of Transportation (MNDOT). Previously used as a floral shop and more recently as an office and showroom for a granite installer, this property presents endless possibilities for a variety of businesses. The interior offers ample space suitable for offices, showrooms, and storage. Exterior space provides additional opportunities for parking, showcasing products, and advertising. The building includes a functional 8x14 walk-in cooler, and a walk-in freezer (condition unknown). The sale includes the land and building only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Annandale
    County
    Wright
    State
    Minnesota
    Longitude
    -94.1207
    Latitude
    45.2594
    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
    $2,414
    $72,600
    $118,900
    $191,500
    -
    $72,600
    $118,900
    $191,500

    Comparable in this City

    • Value Estimation
      $610,000
      14,521 SF

      700 Norway E Dr

      SHOPPING CENTER, STRIP CENTER • 14,521 SF
      700 Norway E Dr, Annandale, MN 55302-4570
      View Details
    • Value Estimation by Request
      4,092 SF

      111 Elm W St

      CONVENIENCE STORE • 4,092 SF
      111 Elm W St, Annandale, MN 55302
      View Details
    • Value Estimation
      $1,510,000
      9,100 SF

      250 Elm W St

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      250 Elm W St, Annandale, MN 55302-1123
      View Details
    • Value Estimation by Request
      2,820 SF

      215 Elm W St

      CONVENIENCE STORE • 2,820 SF
      215 Elm W St, Annandale, MN 55302-1114
      View Details
    • Value Estimation by Request
      4,972 SF

      Annandale, MN 55302

      AUTO REPAIR, GARAGE • 4,972 SF
      Annandale, MN 55302
      View Details
    • Value Estimation
      $895,000
      3,360 SF

      211 Elm W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,360 SF
      211 Elm W St, Annandale, MN 55302-1155
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,323 SF

      Retail Property in Annandale, MN

      Retail property available for sale in Annandale, Minnesota.
      211 Elm St W, Annandale, MN 55302
      View Details
    • $419,900
      0.93 Acres

      Lake John Residential Land Opportunity

      Residential land with lake frontage, city utilities, and boardwalk.
      7610 Lk John Dr, Annandale, MN 55302
      View Details
    • $100,000
      0.39 Acres

      Residential Lot Near Lake John

      0.39 acre corner lot in upscale community near lake.
      7731 Lk John Dr, Annandale, MN 55302
      View Details
    • New
      $160,000
      5.00 Acres

      Heavily Wooded Annandale Land Parcel

      5 acre wooded lot in Annandale, build your dream home.
      12290 62Nd St NW, Annandale, MN 55302
      View Details
    • $515,000
      0.67 Acres

      Lake John Shores Land

      West-facing .68 acre lot with 92' lakeshore.
      7660 Lk John Dr, Annandale, MN 55302
      View Details
    • $849,900
      35.76 Acres

      Development Opportunity in Annandale, MN

      35.76-acre parcel for residential development in Annandale, MN.
      Tbd Harrison St W, Annandale, MN 55302
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    205 Myrtle S Dr
    Annandale, MN 55302-9420
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    205 Myrtle S Dr, Annandale, MN, 55302
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!