Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2321 7th Ave Anoka, MN 55303-1710

    • Strip malls
    • 1,371 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2021
    $240,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0542360
    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

    • East Bank Barbers / Barber Shop

    Property Details for 2321 7th Ave

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    1,371 SF
    Zone code
    B-6
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    06-31-24-31-0125
    APU
    63124310125

    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
    Anoka
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.3786
    Latitude
    45.2021
    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
    2024
    $5,548
    $87,300
    $178,500
    $265,800
    -
    $87,300
    $178,500
    $265,800

    Comparable in this City

    • Value Estimation by Request
      4,220 SF

      231 Main St

      SHOPPING CENTER, STRIP CENTER • 4,220 SF
      231 Main St, Anoka, MN 55303-4986
      View Details
    • Value Estimation by Request
      5,229 SF

      3401 Round Lk NW Blvd

      SHOPPING CENTER, STRIP CENTER • 5,229 SF
      3401 Round Lk NW Blvd, Anoka, MN 55303-3315
      View Details
    • Value Estimation by Request
      15,000 SF

      300 Main St

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      300 Main St, Anoka, MN 55303-2481
      View Details
    • Value Estimation
      $605,000
      15,040 SF

      3507 Round Lk NW Blvd

      SHOPPING CENTER, STRIP CENTER • 15,040 SF
      3507 Round Lk NW Blvd, Anoka, MN 55303-5001
      View Details
    • Value Estimation by Request
      15,000 SF

      300 Main St

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      300 Main St, Anoka, MN 55303-2481
      View Details
    • Value Estimation by Request
      4,761 SF

      115 Main St

      SHOPPING CENTER, STRIP CENTER • 4,761 SF
      115 Main St, Anoka, MN 55303-2403
      View Details

    Similar Nearby for Sale

    • $125,000
      1.22 Acres

      Prime Commercial Outlot in Oak Grove

      1.22-acre commercial outlot with development potential in Oak Grove, MN.
      19043 Lake George Blvd NW, Oak Grove, MN 55303
      View Details
    • Contact for pricing

      Anoka Shopping Center Retail Suites

      Retail suites available in established Anoka shopping center.
      500 West Main St, Anoka, MN 55303
      View Details
    • Contact for pricing
      5,900 SF

      Retail Development Opportunity in Anoka

      Retail development opportunity with high visibility and access in Anoka.
      W Main St, Anoka, MN 55303
      View Details
    • Contact for pricing
      1,249 SF

      Class A Office Building Suite

      1249 RSF office suite with private entrance available for sale.
      2850 Cutters Grove Ave, Anoka, MN 55303
      View Details
    • Contact for pricing

      Commercial Pad Site Opportunity

      Pad site available for ground lease, build to suit, or sale.
      7990 Sunwood Dr NW, Anoka, MN 55303
      View Details
    • $650,000
      2,586 SF

      Highway 10 Commercial Building

      2,586 SF commercial building on Highway 10 in Ramsey, MN.
      7105 Highway 10 NW, Ramsey, MN 55303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      893 SF

      Anoka Shopping Center Office Suites

      Office suites available in established Anoka shopping center.
      500 W Main St, Anoka, MN 55303
      View Details
    • Contact for pricing

      Adaptable Commercial Space for Rent

      Commercial space suitable for retail, office, or medical use.
      504 E River Rd, Anoka, MN 55303
      View Details
    • Contact for pricing
      1,656 SF

      Versatile Retail/Office/Medical Space Available

      Adaptable space with highway visibility, suitable for retail or office.
      2830 Cutters Grove Ave, Anoka, MN 55303
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Northstar Marketplace.
      7876-7988 Sunwood Dr, Ramsey, MN 55303
      View Details
    • Contact for pricing

      Ramsey Warehouse Space Available

      Warehouse space for rent at Bunker Lake Boulevard, Ramsey, MN.
      8297 Bunker Lake Blvd, Ramsey, MN 55303
      View Details
    • $15 SF/Yr
      2,000 SF

      Commercial Space in Historic Anoka

      Vacant commercial space available in Anoka, Minnesota.
      700 East Main St, Anoka, MN 55303
      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.
    2321 7th Ave
    Anoka, MN 55303-1710
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!