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    Property profile & analytics

    2425 Waters Dr Mendota Heights, MN 55120-1147

    • Industrial properties
    • 45,592 SF
    • 7.61 lot acres
    OFF-MARKET
    Value Estimations
    $3,330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0480674
    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

    • Industrial properties

    Property Details for 2425 Waters Dr

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    7.61 lot acres
    Property size
    45,592 SF
    Zone code
    R
    Property type
    Industrial properties
    APN
    27-44850-00-022
    APU
    274485000022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,161,000
      Market price range: $1.78M - $4.16M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,085,000
      Current use
      WAREHOUSE, STORAGE
      $5,255,000
      Change: +70% Conversion: Easy
      OFFICE BUILDING
      $4,990,000
      Change: +62% Conversion: Difficult
      RETAIL STORES
      $4,660,000
      Change: +51% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mendota Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.16
    Latitude
    44.869
    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
    $97,484
    $898,500
    $2,747,800
    $3,646,300
    -
    $898,500
    $2,747,800
    $3,646,300

    Comparable in this City

    • Value Estimation
      $4,590,000
      63,353 SF

      1201 Northland Dr

      INDUSTRIAL (GENERAL) • 63,353 SF
      1201 Northland Dr, Mendota Heights, MN 55120-1139
      View Details
    • Value Estimation
      $2,830,000
      32,408 SF

      Saint Paul, MN 55120

      INDUSTRIAL (GENERAL) • 32,408 SF
      Saint Paul, MN 55120
      View Details
    • Value Estimation
      $1,145,000
      64,025 SF

      Saint Paul, MN 55120

      INDUSTRIAL (GENERAL) • 64,025 SF
      Saint Paul, MN 55120
      View Details
    • Value Estimation
      $9,335,000
      136,527 SF

      2465 Lexington S Ave

      INDUSTRIAL (GENERAL) • 136,527 SF
      2465 Lexington S Ave, Mendota Heights, MN 55120-1218
      View Details
    • Value Estimation
      $3,635,000
      54,856 SF

      1480 Sibley Memorial Hwy

      INDUSTRIAL (GENERAL) • 54,856 SF
      1480 Sibley Memorial Hwy, Mendota Heights, MN 55120-1010
      View Details
    • Value Estimation
      $1,685,000
      63,800 SF

      Saint Paul, MN 55120

      INDUSTRIAL (GENERAL) • 63,800 SF
      Saint Paul, MN 55120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,003 SF

      Mendota Heights Flex Industrial Building

      38,003 SF flex space built in 2004.
      2400 Pilot Knob Rd, Mendota Heights, MN 55120
      View Details
    • $4,430,000
      33,684 SF

      Fully Leased Industrial Flex Property

      Professionally maintained industrial and flex investment property near MSP Airport.
      1385 Mendota Heights Rd, Mendota Heights, MN 55120
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      50,640 SF

      Mendota Heights Warehouse For Sale

      50,640 SF warehouse with office space and solar array.
      1450 Mendota Heights Rd, Mendota Heights, MN 55120
      View Details
    • $450,000
      1.87 Acres

      Mendota Heights Land Opportunity

      Almost 2 acres in Mendota Heights for potential development.
      2300 Pagel Rd, Mendota Heights, MN 55120
      View Details
    • Contact for pricing
      40,345 SF

      Single Story Office Tech Building

      Single story office building with park-like setting and ample parking.
      1180 Centre Pointe Cir, Mendota Heights, MN 55120
      View Details
    • Contact for pricing
      20,821 SF

      Mendota Heights Renovated NNN Property

      NNN leased property with long-term tenant through 2040.
      1370 Mendota Heights Rd, Mendota Heights, MN 55120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,331 SF

      Mendota Heights Warehouse/Distribution Opportunity

      Warehouse/distribution space with immediate highway access in Mendota Heights, MN.
      2444 Enterprise Dr, Mendota Heights, MN 55120
      View Details
    • Contact for pricing
      4,851 SF

      Mendota Heights Warehouse Space

      5,479 SF warehouse space available for lease.
      1408 Northland Dr, Mendota Heights, MN 55120
      View Details
    • Contact for pricing

      Functional Office Space Available

      Office space for rent with convenient amenities and ample parking.
      750 S Plaza Dr, Mendota Heights, MN 55120
      View Details
    • Contact for pricing

      Mendota Heights Office Suite

      Office suite with conference room, kitchen, and private bathroom.
      2203-2313 Waters Dr, Mendota Heights, MN 55120
      View Details
    • Contact for pricing
      7,171 SF

      Single Story Class B Office

      Class B office building with high parking ratio.
      1340-1345 Mendota Heights Rd, Mendota Heights, MN 55120
      View Details
    • Contact for pricing
      26,570 SF

      Mendota Heights Office Space Available

      Office space for lease in established business park environment.
      1285 Northland Dr, Mendota Heights, MN 55120
      View Details
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    Mendota Heights, MN 55120-1147
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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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