Property profile

23 Commerce Rd Babbitt, MN 55706

OFF-MARKET
Commercial real estate
Property ID
US46-1637137
2,400 SF Built 1990
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1990
Total area 2,400 SF
APN 105-0054-00080
UPID US46-1637137

Cap rate & NOI

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

Location

23 Commerce Rd Babbitt, MN 55706-1117
Babbitt metro Census 14100 DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2023
Last sale
$144,100
5 recorded transactions
2023
$5.2M
2019
$144,100
2014
$87,000
2014
$122,000
2005
$300,000

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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