Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3345 3Rd Ave Moorhead, MN 56560

    • Commercial real estate
    • 111,319 SF
    • 2.56 lot acres
    For Sale
    View listing
    $612,254
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-2929107
    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

    • Commercial real estate

    Property Details for 3345 3Rd Ave

    Lot size
    2.56 lot acres
    Property size
    111,319 SF
    Property type
    Commercial real estate
    APN
    58.096.0050

    Description

    This exceptional 2.56-acre parcel, located at 3345 3rd Ave N in Moorhead, Minnesota (zip code 56560, APN 58.096.0050), presents a compelling mixed-use development opportunity. The property boasts a substantial 111,319 square feet of land, currently zoned MU-3 Commercial Mixed Use, offering significant flexibility for a variety of projects. The asking price is $612,254, translating to $5.50 per square foot. This strategically located site is conveniently situated just off Highway 10, providing excellent access and visibility. The absence of a density maximum, subject to meeting minimal city dimensional standards, allows for the potential development of a large-scale multi-family, mixed-use, office, or retail project. The area enjoys strong commercial presence, with nearby establishments including Cashwise Grocery, Walmart, Runnings, Target, Axis Clinicals, and the Easten Shopping Center Mall, indicating a thriving and established market. This property represents a rare chance to capitalize on the growth and potential of Moorhead, Minnesota. The property's size and zoning make it an ideal investment for developers seeking a high-impact project in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Moorhead
    County
    Clay
    State
    Minnesota
    Longitude
    -96.726899
    Latitude
    46.878979

    Comparable in this City

    • $2,047,493
      13.43 Acres

      Moorhead Development Land Opportunity

      13 Acres, Multi-Use Potential, Hwy 52 Access
      3600 40Th St, Moorhead, MN 56560
      View Details
    • $3,208,000
      3,316 SF

      Moorhead MN Multi-Use Property

      42,625 SF Office, Vacant, Development Land
      2810 2Nd Ave, Moorhead, MN 56560
      View Details
    • $7,975,000
      79,632 SF

      Moorhead Mixed-Use Investment Opportunity

      High-yield multi-family & commercial building.
      810 4Th Ave, Moorhead, MN 56560
      View Details
    • $1,290,000

      I-94 Moorhead Development Land

      Prime Commercial Land, I-94 Frontage
      4370 28Th Ave, Moorhead, MN 56560
      View Details
    • $732,000
      24.40 Acres

      Prime 24.4 Acre MN Commercial Land

      Highway 75 frontage, exceptional development potential.
      0 Wall Street Ave, Moorhead, MN 56560
      View Details
    • $871,205
      4.00 Acres

      Moorhead Commercial Land Opportunity

      4-Acre Commercial Land, Prime Location
      1300 25Th St, Moorhead, MN 56560
      View Details

    Similar Nearby for Sale

    • $2,047,493
      13.43 Acres

      Moorhead Development Land Opportunity

      13 Acres, Multi-Use Potential, Hwy 52 Access
      3600 40Th St, Moorhead, MN 56560
      View Details
    • $3,208,000
      3,316 SF

      Moorhead MN Multi-Use Property

      42,625 SF Office, Vacant, Development Land
      2810 2Nd Ave, Moorhead, MN 56560
      View Details
    • $7,975,000
      79,632 SF

      Moorhead Mixed-Use Investment Opportunity

      High-yield multi-family & commercial building.
      810 4Th Ave, Moorhead, MN 56560
      View Details
    • Contact for pricing

      Moorhead Commercial Land For Sale

      High-visibility commercial land with interstate access in Moorhead, MN.
      24th 34Th St S, Moorhead, MN 56560
      View Details
    • Contact for pricing

      Moorhead MN Development Opportunity

      Six-acre parcel suitable for multifamily or townhome development.
      2500 34Th St S, Moorhead, MN 56560
      View Details
    • Contact for pricing
      1,066,348 SF

      Moorhead Commercial Land For Sale

      High-visibility commercial land ideal for retail, service, or restaurant development.
      3418 28Th Ave S, Moorhead, MN 56560
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,705 SF

      Moorhead Commercial Property

      Prime Retail/Office Space, MN
      3330 Us-10, Moorhead, MN 56560
      View Details
    • $9 SF/Yr
      9,750 SF

      Shop Condo Unit F: Clay County

      Modern Office Condo, 1,950 SF Available
      2721 20Th Ave, Moorhead, MN 56560
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space in Moorhead, MN

      Retail property with high visibility and traffic in Moorhead.
      3330 Highway 10 E, Moorhead, MN 56560
      View Details
    • $20 SF/Yr
      135,000 SF

      Easten Shopping Center: Moorhead, MN

      Medical Office Space Available: High-traffic location.
      3300 Us-10, Moorhead, MN 56560
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space with Large Windows

      Retail space featuring large windows and national neighboring tenants.
      1530 1St Ave North, Moorhead, MN 56560
      View Details
    • $19 SF/Yr
      15,446 SF

      801 Main Ave: Moorhead Office Space

      Prime Moorhead Office Suites, Multiple Sizes Available
      801 Main Ave, Moorhead, MN 56560
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3345 3Rd Ave
    Moorhead, MN 56560
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.