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    Property profile & analytics

    3108 65th E St Inver Grove Heights, MN 55076-4477

    • Apartment buildings
    • 29,205 SF
    • 10.73 lot acres
    OFF-MARKET
    Value Estimations
    $3,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0412369
    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

    • Apartment buildings

    Property Details for 3108 65th E St

    Year built
    1969
    Construction
    WOOD
    Lot size
    10.73 lot acres
    Property size
    29,205 SF
    Zone code
    R
    Property type
    Apartment buildings
    APN
    20-00300-51-020
    APU
    200030051020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,372,000
      Market price range: $1.50M - $3.37M
      AI Estimate
      $2,458,000
      Market price range: $747k - $2.46M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,490,000
      Current use
      AUTO REPAIR, GARAGE
      $4,985,000
      Change: +100% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,450,000
      Change: +79% Conversion: Difficult
      RETAIL STORES
      $4,160,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $2,585,000
      Change: +4% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,460,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Inver Grove Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0408
    Latitude
    44.8544
    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
    $210,786
    $2,838,400
    $13,893,500
    $16,731,900
    -
    $2,838,400
    $13,893,500
    $16,731,900

    Comparable in this City

    • Value Estimation by Request
      4,113 SF

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      View Details
    • Value Estimation by Request
      8,252 SF

      3220 81st E St

      APARTMENT HOUSE (5+ UNITS) • 8,252 SF
      3220 81st E St, Inver Grove Heights, MN 55076-4553
      View Details
    • Value Estimation
      $5,685,000
      163,985 SF

      5480 Blackberry Trl

      APARTMENT HOUSE (100+ UNITS) • 163,985 SF
      5480 Blackberry Trl, Inver Grove Heights, MN 55076-1217
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    • Value Estimation
      $1,010,000
      8,922 SF

      8360 Bravo Way

      APARTMENT HOUSE (5+ UNITS) • 8,922 SF
      8360 Bravo Way, Inver Grove Heights, MN 55076-3562
      View Details
    • Value Estimation
      $755,000
      8,208 SF

      5918 Candace Ave

      APARTMENT HOUSE (100+ UNITS) • 8,208 SF
      5918 Candace Ave, Inver Grove Heights, MN 55076-4483
      View Details
    • Value Estimation by Request
      18,514 SF

      7071 Concord Blvd

      APARTMENT HOUSE (5+ UNITS) • 18,514 SF
      7071 Concord Blvd, Inver Grove Heights, MN 55076-4213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,240 SF

      Updated Condo with Modern Amenities

      Well-maintained 2-bedroom, 2-bathroom condo with recent upgrades and modern amenities.
      6601 Buckley Cir, Inver Grove Heights, MN 55076
      View Details
    • $1,325,000
      6.03 Acres

      Inver Grove Heights Development Land

      6.3 acres of land approved for 220 apartment units.
      6050 Cahill Ave, Inver Grove Heights, MN 55076
      View Details
    • $309,900

      Updated Townhome with Modern Amenities

      One-level townhome with updates, convenient location, and modern amenities.
      8550 Corcoran Path, Inver Grove Heights, MN 55076
      View Details
    • $450,000
      0.27 Acres

      Residential Land in Inver Grove Heights

      Residential land for development in a picturesque Inver Grove Heights neighborhood.
      9649-9665 Cedarwood Ct, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      3.00 Acres

      Village Square: Prime Commercial Land

      Three-acre commercial lot, high traffic area.
      6566 Cahill Ave, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Commercial Land in Desirable Location

      Commercial land with great visibility and local amenities.
      5505 Blaine Ave E, Inver Grove Heights, MN 55076
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      44,490 SF

      Inver Grove Heights Medical Office Space

      Prime Medical Office Suites Available in Suburban St. Paul
      5565 Blaine Ave, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      18,262 SF

      Inver Grove Heights Clinical Space

      18,262 SF clinical space available for sublease in Inver Grove Heights.
      5565 Blaine Ave E, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      7,902 SF

      9070 Buchanan Trl

      Retail properties
      9070 Buchanan Trl, Inver Grove Heights, MN 55076
      View Details
    • $16 SF/Yr
      5,376 SF

      Blackshire Office Building: Inver Grove Heights

      Prime Office Space, Dakota County, MN
      5818 Blackshire Path, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space Near Major Retailers

      Retail space available near Highways 55, 52, and Broderick Boulevard.
      9041-9061 Broderick Blvd, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      72,738 SF

      Inver Grove Heights Warehouse Space

      Warehouse/industrial space available for lease in Inver Grove Heights, MN.
      6240-6250 Carmen Ave E, Inver Grove Heights, MN 55076
      View Details
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    3108 65th E St
    Inver Grove Heights, MN 55076-4477
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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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