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    2969 30Th St Baudette, MN 56623
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    Property profile & analytics

    2969 30Th St, Baudette, MN 56623

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    • Commercial real estate
    Off-Market
    Property ID
    US46-2029527
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2969 30Th St

    Year built
    2005
    Property type
    Commercial real estate

    Description

    This 0 sq ft commercial land parcel in Baudette, Minnesota (zip code 56623), located at 2969 30th Street NW, presents a unique investment opportunity. Built in 2005, the property is ideally suited for a business venture, particularly given its proximity to Lake of the Woods. The sale includes an established ice fishing and summer guiding business. The ice fishing operation comprises seven ice houses (three sleepers and four day houses), two plow trucks with three plows, a fish house transport trailer, multiple propane tanks (including a nurse tank on a trailer), a gas tank, and miscellaneous operational equipment. A nearby shop is available for rent. The summer guiding business features a well-maintained 2001 Sportcraft 272 Yanmar diesel boat, capable of carrying up to six passengers, and requires a USCG captain's license for operation. This turnkey business offers the potential for immediate income generation and scalability, allowing for either solo operation, a husband-wife team, or significant expansion. The property's location offers access to the vast fishing opportunities of Lake of the Woods, making it an attractive proposition for entrepreneurs seeking a lifestyle business in a desirable location. The asking price for this exceptional opportunity is $140,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baudette
    County
    Lake of the Woods
    State
    Minnesota
    Longitude
    -94.7170121
    Latitude
    48.8225966

    Comparable in this City

    • Contact for pricing

      Land For Sale

      Land available for purchase.
      404 6Th Ave SE, Baudette, MN 56623
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      Pending

      Commercial/Industrial Property in Baudette

      1.68 acre commercial/industrial property with shop and shed.
      900 2Nd St NW, Baudette, MN 56623
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      Land For Sale in Baudette

      Land available in Baudette, Minnesota.
      702 2Nd St NW, Baudette, MN 56623
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    • New
      $64,900
      3.47 Acres

      Residential Land Near River Access

      Residential single-family lot one block from DNR access to the Rainy River, with Stanton Drive set to be paved.
      2083 Stanton Dr, Baudette, MN 56623
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    • Contact for pricing

      Clementson Resort Investment Opportunity

      Resort with main house and cabins, potential investment property.
      3583 State Highway 11 SE, Baudette, MN 56623
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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for purchase.
      404 6Th Ave SE, Baudette, MN 56623
      View Details
    • Contact for pricing
      Pending

      Commercial/Industrial Property in Baudette

      1.68 acre commercial/industrial property with shop and shed.
      900 2Nd St NW, Baudette, MN 56623
      View Details
    • Contact for pricing

      Land For Sale in Baudette

      Land available in Baudette, Minnesota.
      702 2Nd St NW, Baudette, MN 56623
      View Details
    • New
      $64,900
      3.47 Acres

      Residential Land Near River Access

      Residential single-family lot one block from DNR access to the Rainy River, with Stanton Drive set to be paved.
      2083 Stanton Dr, Baudette, MN 56623
      View Details
    • Contact for pricing

      Clementson Resort Investment Opportunity

      Resort with main house and cabins, potential investment property.
      3583 State Highway 11 SE, Baudette, MN 56623
      View Details
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    Baudette, MN 56623
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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.

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