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

    225 1st S St Waite Park, MN 56387-1305

    • Commercial real estate
    • 5,200 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Aug 27, 2024
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1272691
    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 225 1st S St

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.73 lot acres
    Property size
    5,200 SF
    Property type
    Commercial real estate
    APN
    98.61414.0000
    APU
    98614140000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $880,000
      6.5%
      $810,000
      7%
      $750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $877,000
      Market price range: $395k - $2.43M
      AI Estimate
      $456,000
      Market price range: $292k - $1.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Waite Park
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2201
    Latitude
    45.552
    CBSA code
    41060
    CBSA name
    ST. CLOUD, MN 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
    $26,626
    $320,200
    $443,200
    $763,400
    -
    $320,200
    $443,200
    $763,400

    Comparable in this City

    • Value Estimation
      $2,420,000
      15,081 SF

      901 3rd N St

      COMMERCIAL (GENERAL) • 15,081 SF
      901 3rd N St, Waite Park, MN 56387-1964
      View Details
    • Value Estimation
      $1,525,000
      16,274 SF

      806 3rd S St

      COMMERCIAL (GENERAL) • 16,274 SF
      806 3rd S St, Waite Park, MN 56387-2318
      View Details
    • Value Estimation
      $1,685,000
      14,736 SF

      17 Division St

      COMMERCIAL (GENERAL) • 14,736 SF
      17 Division St, Waite Park, MN 56387-1349
      View Details
    • Value Estimation
      $1,225,000
      7,200 SF

      50 10th S Ave

      COMMERCIAL (GENERAL) • 7,200 SF
      50 10th S Ave, Waite Park, MN 56387-1055
      View Details
    • Value Estimation
      $7,335,000
      99,000 SF

      251 10th S Ave

      COMMERCIAL (GENERAL) • 99,000 SF
      251 10th S Ave, Waite Park, MN 56387-1369
      View Details
    • Value Estimation by Request
      180 SF

      2904 1st N St

      COMMERCIAL (GENERAL) • 180 SF
      2904 1st N St, Waite Park, MN 56387
      View Details

    Similar Nearby for Sale

    • $297,000
      0.29 Acres

      Waite Park Commercial Land Opportunity

      Prime Commercial Lot, Across from Scheels
      11 Cherry St, Waite Park, MN 56387
      View Details
    • $650,000
      1.22 Acres

      Waite Park Commercial Land

      1.22-acre lot, prime location, high visibility.
      0 10Th Ave, Waite Park, MN 56387
      View Details
    • Contact for pricing

      Commercial Land Near Marcus Theatre

      Commercial land for sale with excellent visibility and access.
      1533 Frontage Rd N, Waite Park, MN 56387
      View Details
    • $89,900
      33.20 Acres

      Waite Park Land Opportunity

      33.2 acres of land near St. Cloud.
      Xxx State Hwy 23, Waite Park, MN 56387
      View Details
    • Contact for pricing

      Waite Park Land For Sale

      Land available for sale in Waite Park, Minnesota.
      1501 County Road 137, Waite Park, MN 56387
      View Details
    • $30,000,000
      275,000 SF

      Cold Storage Facility For Sale

      275,000 SF cold storage facility with highway access.
      511 28Th Ave S, Waite Park, MN 56387
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34 SF

      Office and Retail Space Available

      Office and retail suites available in Crossroads Regional Mall area.
      310-320 3Rd St NE, Waite Park, MN 56387
      View Details
    • $20 SF/Yr
      6,442 SF

      Prime Retail Space in Waite Park

      Retail space with high visibility in a Home Depot outlot.
      575 2Nd St S, Waite Park, MN 56387
      View Details
    • $14 SF/Yr
      2,500 SF

      Versatile Retail/Office Space Available

      2,500 SF retail/office space with warehouse in Waite Park.
      13-15 1St Ave N, Waite Park, MN 56387
      View Details
    • Contact for pricing
      2,124 SF

      Retail Space in Plaza Park

      2,124 SF retail unit with excellent visibility and accessibility.
      159-179 7Th Ave S, Waite Park, MN 56387
      View Details
    • $8 SF/Yr
      4,100 SF

      Versatile Commercial Space in Waite Park

      Warehouse and office space suitable for industrial or commercial business.
      300-308 33Rd Ave S, Waite Park, MN 56387
      View Details
    • $25 SF/Yr
      5,760 SF

      Prime Retail Space on Division

      High-visibility commercial property with flexible layout and ample parking.
      125 Division St, Waite Park, MN 56387
      View Details
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    225 1st S St
    Waite Park, MN 56387-1305
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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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