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Financial
Distress signals
Property profile

2850 Cutters Grove Ave Anoka, MN 55303

FOR LEASE
Other commercial real estate
Property ID
US46-3227319
15,420 SF 2.94 ac lot Built 2005
Last sale Mar 2022 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 14,708 rentable square foot, Class A, multi-tenant office building was constructed in 2005 and is located on the southwest corner of Highway 10 and the Cutters Grover Interchange, with straightforward main-street access from the front of the building. The property is configured to serve multiple tenants and includes street-facing visibility and convenient access from Freeway 10. A currently available unit, Suite 1249, is the last suite in the building and is laid out with two large private…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$31k
Tax billed · 2024
Assessed value$1.23M
Assessed land$221k
Assessed improvement$1.00M
Effective rate2.53%

Value estimate

· Oct 2026
$1.14M
$1.02M – $1.25M
AI approach$1.18M
Submarket $/SF estimate$1.50M
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$5k
Operating expenses−$4k
NOI · 40,819.92% cap applied$11k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$178/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$96 – $239
Qualifying comparables5

Cap rate analysis

How does the asset earn?
40,819.92%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionANOKA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.2
Realty agency15.0
Restaurant14.3

Location

2850 Cutters Grove Ave Anoka, MN 55303
County assessor Recorded deeds · 11 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6415 Hwy 10th NW, Ramsey, MN 55303-4596 $2,500,000 May 2024 23,622 SF
6320 Hwy 10th NW, Ramsey, MN 55303-4527 $950,000 Mar 2024 14,797 SF
14725 Ramsey NW, Ramsey, MN 55303-6009 $5,673,800 Jan 2024 16,236 SF
6139 157th NW, Ramsey, MN 55303-4139 $2,496,569 Jan 2023 11,525 SF
6845 Hwy 10th NW, Ramsey, MN 55303-6015 $1,750,000 Feb 2022 16,820 SF
5427 Alpine NW, Ramsey, MN 55303-7595 $1,100,000 Dec 2021 12,576 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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