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    Property profile & analytics

    3130 County Rd 45th SW Alexandria, MN 56308-9528

    • Warehouses
    • 44,899 SF
    • 4.02 lot acres
    OFF-MARKET
    Value Estimations
    $4,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1195046
    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

    • Warehouses

    Property Details for 3130 County Rd 45th SW

    Year built
    2007
    Lot size
    4.02 lot acres
    Property size
    44,899 SF
    Property type
    Warehouses
    APN
    63-3511-050
    APU
    633511050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,810,000
      6.5%
      $5,365,000
      7%
      $4,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,113,000
      Market price range: $2.00M - $7.04M
      AI Estimate
      $3,039,000
      Market price range: $1.26M - $4.90M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,440,000
      Current use
      COMMERCIAL (GENERAL)
      $6,445,000
      Change: +45% Conversion: Difficult
      RESTAURANT
      $5,740,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $4,820,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.4236
    Latitude
    45.8634
    CBSA code
    10820
    CBSA name
    ALEXANDRIA, MN MICROPOLITAN 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
    $56,584
    $358,500
    $2,592,600
    $2,951,100
    -
    $358,500
    $2,592,600
    $2,951,100

    Comparable in this City

    • Value Estimation by Request
      23.53 Acres

      2930 34th W Ave

      WAREHOUSE, STORAGE • 23.53 Acres
      2930 34th W Ave, Alexandria, MN 56308-2901
      View Details
    • Value Estimation
      $1,105,000
      10,466 SF

      1211 Nokomis NE

      WAREHOUSE, STORAGE • 10,466 SF
      1211 Nokomis NE, Alexandria, MN 56308-5030
      View Details
    • Value Estimation
      $11,065,000
      200,000 SF

      7501 State Hwy 29th S

      WAREHOUSE, STORAGE • 200,000 SF
      7501 State Hwy 29th S, Alexandria, MN 56308-6015
      View Details
    • Value Estimation
      $2,050,000
      5,040 SF

      6299 County Rd 87th SW

      WAREHOUSE, STORAGE • 5,040 SF
      6299 County Rd 87th SW, Alexandria, MN 56308-5361
      View Details
    • Value Estimation
      $615,000
      5,258 SF

      1110 Nokomis NE

      WAREHOUSE, STORAGE • 5,258 SF
      1110 Nokomis NE, Alexandria, MN 56308-5029
      View Details
    • Value Estimation
      $545,000
      4,701 SF

      Alexandria, MN 56308

      WAREHOUSE, STORAGE • 4,701 SF
      Alexandria, MN 56308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Modern Industrial Facility in Alexandria

      Climate-controlled industrial space perfect for manufacturing, distribution, or warehousing.
      1910 42Nd Ave W, Alexandria, MN 56308
      View Details
    • $70,000
      1.53 Acres

      Alexandria Industrial Land - $70K

      1.53-acre lot, prime industrial location.
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    • New
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      Shed Near Alexandria Lakes Area

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      View Details
    • $540,000
      4.40 Acres

      Prime Alexandria Commercial Land

      4.4 Acres, B-1 Zoning, High Traffic
      0 Xxxx Dakota St, Alexandria, MN 56308
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    • $279,000
      1,935 SF

      Prime Alexandria Office Space

      Move-in Ready Office, 1935 sq ft
      510 22Nd Ave, Alexandria, MN 56308
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    • $59,900
      0.11 Acres

      Lake Jessie Residential Lot

      Residential lot in developed association community on Lake Jessie shores.
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    Similar Nearby for Lease

    • Contact for pricing
      23,940 SF

      Alexandria Industrial Space For Lease

      24,000 SF climate-controlled industrial space in Alexandria's industrial park.
      1910 42Nd Ave W, Alexandria, MN 56308
      View Details
    • Contact for pricing
      49,600 SF

      Commercial Property in Alexandria, MN

      49,000 SF retail/warehouse space available for sale or lease.
      310 34Th Ave W, Alexandria, MN 56308
      View Details
    • $5,900,000
      1,040 SF

      Alexandria Premier Business Hub

      177,029 SF facility in Alexandria's picturesque lakes region.
      1920-1968 Turning Leaf Ln SW, Alexandria, MN 56308
      View Details
    • Contact for pricing
      55,373 SF

      Spacious Industrial Building For Lease

      55,373 SF industrial building on 7-acre lot for lease.
      1104 34Th Ave W, Alexandria, MN 56308
      View Details
    • Contact for pricing
      6,600 SF

      Industrial Space in Alexandria, MN

      6,600 SF industrial property available for rent.
      3181 Evergreen Ln, Alexandria, MN 56308
      View Details
    • Contact for pricing
      2,114 SF

      Prime Retail Spaces on Broadway

      Premier retail spaces in Alexandria's most anticipated mixed-use development.
      317 Broadway St, Alexandria, MN 56308
      View Details
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    3130 County Rd 45th SW
    Alexandria, MN 56308-9528
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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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