Property profile

2253 Waters Dr Mendota Heights, MN 55120

OFF-MARKET
Industrial properties
Property ID
US46-0980478
151,041 SF 9.59 ac lot Built 1997
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1997
Construction CONCRETE
Total area 151,041 SF
Lot 9.59 ac (417,740 SF)
APN 27-03400-28-031
UPID US46-0980478

Cap rate & NOI

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

Location

2253 Waters Dr Mendota Heights, MN 55120
Mendota Heights metro Census 60605 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.77M
Blend (final) Blend
$10.56M

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2022
Price N/A
2022
$7.8M
2011
$10.1M

Zoning & alternative use

Top alternative use upside
Warehouse, storage $17.4M +70.3%
Office building $16.5M +61.9%
Retail stores $15.4M +51.1%

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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