Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2500 Division St Saint Cloud, MN 56301
    Back to Search
    Property profile & analytics

    2500 Division St Saint Cloud, MN 56301

    View on Map
    • Commercial real estate
    • 106,601 SF
    Off-Market
    Last Sale Jul 13, 2021
    $7,000,000
    Property ID
    US46-1446597
    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.
    Value Estimations
    $7,285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2500 Division St

    Year built
    1970
    Property size
    106,601 SF
    Zone code
    C5
    Property type
    Commercial real estate
    APN
    82.43922.0000
    APU
    82439220000

    Description

    Westgate Shopping Center, located at 2500 W Division St in St. Cloud, Minnesota (zip code 56301), presents a significant retail opportunity. This Class B shopping center boasts a total of 106,430 square feet of retail space. Currently, there is 11,466 square feet of vacant space available, ideal for a variety of retail uses. The property's multiple tenancy structure offers a dynamic and established retail environment. The center is situated in St. Cloud, MN, providing excellent access to a thriving local market. The available space presents a chance to establish or expand a business within a well-established shopping center. The property's location at 2500 W Division St offers high visibility and convenient access for customers. With its substantial size and prime location, Westgate Shopping Center offers a compelling investment opportunity for businesses seeking to capitalize on the strong retail market in St. Cloud. The 11,466 square feet of vacant space provides flexibility for various retail concepts. The property's classification as a Class B shopping center reflects its established infrastructure and potential for growth. This is a rare opportunity to secure a significant retail presence in a bustling Minnesota community. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,575,000
      ML approach
      $7,570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,316,000
      Market price range: $6.56M - $18.1M
      AI Estimate
      $5,205,000
      Market price range: $3.08M - $11.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Cloud
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.1892
    Latitude
    45.5522
    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
    $213,346
    $3,174,000
    $3,700,000
    $6,874,000
    -
    $3,174,000
    $3,700,000
    $6,874,000

    Comparable in this City

    • Value Estimation by Request

      3275 County Rd 74

      Land
      3275 County Rd 74, St. Cloud, MN 56301
      View Details
    • Value Estimation by Request

      3225 Co Rd

      Land
      3225 Co Rd, St. Cloud, MN 56301
      View Details
    • Value Estimation by Request
      1.35 Acres

      Saint Cloud, MN 56301

      COMMERCIAL (GENERAL) • 1.35 Acres
      Saint Cloud, MN 56301
      View Details
    • Value Estimation by Request

      1101 Saint Germain St

      COMMERCIAL (GENERAL)
      1101 Saint Germain St, Saint Cloud, MN 56301
      View Details
    • Value Estimation by Request
      1.56 Acres

      2629 Clearwater Rd

      COMMERCIAL (GENERAL) • 1.56 Acres
      2629 Clearwater Rd, Saint Cloud, MN 56301-5953
      View Details
    • Value Estimation by Request
      0.97 Acres

      4124 Division St

      COMMERCIAL (GENERAL) • 0.97 Acres
      4124 Division St, Saint Cloud, MN 56301-6194
      View Details

    Similar Nearby for Sale

    • $260,000
      19.92 Acres

      Saint Cloud Land Opportunity

      Almost 20 acre property prepped for building site!
      1921 40Th St S, Saint Cloud, MN 56301
      View Details
    • $49,900
      0.30 Acres

      Residential Lot in Saint Cloud

      Residential lot in a convenient Saint Cloud location.
      1921 38Th St S, Saint Cloud, MN 56301
      View Details
    • $3,400,000
      3.28 Acres

      Historic Commercial Building with Charm

      Unique historic building ideal for retail, restaurant, office, or events.
      8318 State Highway 23, Saint Cloud, MN 56301
      View Details
    • Contact for pricing
      234,000 SF

      St Augusta Warehouse on 20+ Acres

      234,000 SF warehouse on 20.83 acres in St Augusta.
      24610 Cty Rd 75, Saint Cloud, MN 56301
      View Details
    • $163,350

      Commercial Lots in Sartell Market

      Commercial lots for sale in a growing Sartell market.
      147 14Th Ave S, Saint Cloud, MN 56301
      View Details
    • Contact for pricing
      11,918 SF

      Historic Downtown St. Cloud Landmark

      3.5-level building with bar, event space, and restaurant.
      18 5Th Ave S, Saint Cloud, MN 56301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,977 SF

      Visible Retail Space for Rent

      Highly visible retail space with open layout and ample showroom.
      3000 1St St S, Saint Cloud, MN 56301
      View Details
    • Contact for pricing
      72,500 SF

      Industrial Space in St. Cloud

      97,500 SF industrial space available in St. Cloud, MN.
      6704 8Th Ave S, Saint Cloud, MN 56301
      View Details
    • $14 SF/Yr

      Downtown St. Cloud Office Space

      Prestigious office spaces available in downtown St. Cloud.
      400 1St St S, Saint Cloud, MN 56301
      View Details
    • Contact for pricing
      3,766 SF

      Downtown St. Cloud Office Building

      Office and retail spaces for lease in historic downtown.
      14 5Th Ave S, Saint Cloud, MN 56301
      View Details
    • Contact for pricing
      1,800 SF

      St Cloud Retail Space Available

      Retail spaces for lease in a busy St Cloud shopping center.
      2714-2832 Division St, Saint Cloud, MN 56301
      View Details
    • $12 SF/Yr
      2,500 SF

      Retail Space in St. Cloud

      Retail space available for rent in St. Cloud, MN.
      1420 W St Germain St, Saint Cloud, MN 56301
      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.
    2500 Division St
    Saint Cloud, MN 56301
    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

    Thank You for Inquiry
    2500 Division St, Saint Cloud, MN, 56301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!