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    30931 Virgo St North Branch, MN 55056

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    30931 Virgo St North Branch, MN 55056

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    • Commercial real estate
    • 16.97 lot acres
    Off-Market
    Property ID
    US46-0440480
    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 30931 Virgo St

    Lot size
    16.97 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 16.97-acre commercial land parcel presents a unique opportunity in Isanti County, Minnesota. Located in North Branch, near the intersection of Virgo St NE and Highway 95, this property offers convenient access to both Cambridge and North Branch, situated just 1.5 miles south of Highway 95. The land is primarily wooded, providing a tranquil setting with abundant wildlife. The property includes a pre-existing 26' x 45' garage equipped with power and a paved driveway, significantly reducing initial development costs. While a structure currently exists on the property, it is in poor condition and requires removal, presenting a blank canvas for new construction. The quiet township road location ensures a peaceful atmosphere, while the proximity to Highway 95 provides easy commuting access. This versatile land is ideal for a variety of commercial ventures or could serve as a secluded weekend retreat. The asking price for this exceptional property is $220,000. The property's address is 30931 Virgo St NE, North Branch, MN 55056. Zoning information should be verified independently.

    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
    North Branch
    County
    Isanti
    State
    Minnesota
    Longitude
    -93.107481
    Latitude
    45.530023

    Comparable in this City

    • $303,700

      Land Ready for Development

      Land suitable for assembly, manufacturing, or distribution with utilities.
      400Th St, North Branch, MN 55056
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    • $250,000
      20.00 Acres

      Heavily Wooded Land Parcel

      20-acre wooded land parcel with development potential.
      12xxx St Croix Trl, North Branch, MN 55056
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    • $149,900
      8.90 Acres

      8+ Acre Buildable Land Parcel

      Private, surveyed land near North Branch, ideal for building.
      Tbd Spg Lk Rd NE, North Branch, MN 55056
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    • $89,500
      0.48 Acres

      Residential Lot in North Branch

      Generously sized lot in a sought-after North Branch neighborhood.
      4691 381 Trl, North Branch, MN 55056
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    • New
      $195,000
      14.50 Acres

      Expansive Wooded Lot Opportunity

      14+ acre wooded lot near Twin Cities.
      Xxx Virgo St NE, North Branch, MN 55056
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    • $174,900
      16.04 Acres

      North Branch Land with Views

      16+ acre lot with open space and mature trees.
      Tbd Saint Croix Trl, North Branch, MN 55056
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    Similar Nearby for Sale

    • $303,700

      Land Ready for Development

      Land suitable for assembly, manufacturing, or distribution with utilities.
      400Th St, North Branch, MN 55056
      View Details
    • $250,000
      20.00 Acres

      Heavily Wooded Land Parcel

      20-acre wooded land parcel with development potential.
      12xxx St Croix Trl, North Branch, MN 55056
      View Details
    • $149,900
      8.90 Acres

      8+ Acre Buildable Land Parcel

      Private, surveyed land near North Branch, ideal for building.
      Tbd Spg Lk Rd NE, North Branch, MN 55056
      View Details
    • $89,500
      0.48 Acres

      Residential Lot in North Branch

      Generously sized lot in a sought-after North Branch neighborhood.
      4691 381 Trl, North Branch, MN 55056
      View Details
    • New
      $195,000
      14.50 Acres

      Expansive Wooded Lot Opportunity

      14+ acre wooded lot near Twin Cities.
      Xxx Virgo St NE, North Branch, MN 55056
      View Details
    • $174,900
      16.04 Acres

      North Branch Land with Views

      16+ acre lot with open space and mature trees.
      Tbd Saint Croix Trl, North Branch, MN 55056
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,365 SF

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      Retail or office space available in North Branch, Minnesota.
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    • Contact for pricing
      13,600 SF

      Tanger Mall Retail Opportunity

      13,600 SF free-standing building in Tanger Mall available for rent.
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      Former Fire Hall Building

      Former fire hall building with a two-year-old mural.
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      4,826 SF

      Retail Space in North Branch

      Retail space available in North Branch Retail Mall.
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    • $20 SF/Yr
      2,341 SF

      Downtown Retail Space Available

      Three suites available in prime downtown location with high traffic.
      6382 Main St, North Branch, MN 55056
      View Details
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    30931 Virgo St
    North Branch, MN 55056
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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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