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    Property profile & analytics

    3399 Kent St, Unit 22 Shoreview, MN 55126-4070

    • Parking lots & garages
    • 0.00 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0785541
    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

    • Jules Glass Art / Artist

    Property Details for 3399 Kent St

    Lot size
    0.00 lot acres
    Zone code
    G
    Property type
    Parking lots & garages
    APN
    36-30-23-23-0243
    APU
    363023230243

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Shoreview
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1248
    Latitude
    45.0442
    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
    $26
    $500
    $1,600
    $2,100
    -
    $500
    $1,600
    $2,100

    Comparable in this City

    • Value Estimation
      $240,000
      0.00 Acres

      3399 Kent St, Unit 20

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      3399 Kent St, Shoreview, MN 55126-4070
      View Details
    • Value Estimation
      $350,000
      2,753 SF

      415 Hwy 96th W

      SERVICE STATION (FULL SERVICE) • 2,753 SF
      415 Hwy 96th W, Shoreview, MN 55126-1902
      View Details
    • Value Estimation
      $2,190,000
      11,688 SF

      3757 Lexington N Ave

      SERVICE STATION (FULL SERVICE) • 11,688 SF
      3757 Lexington N Ave, Arden Hills, MN 55126-2937
      View Details
    • Value Estimation
      $5,325,000
      17,938 SF

      4595 Hodgson Rd

      CAR WASH • 17,938 SF
      4595 Hodgson Rd, Shoreview, MN 55126-6041
      View Details
    • Value Estimation
      $360,000
      15,353 SF

      1060 County Rd Ew

      SERVICE STATION (FULL SERVICE) • 15,353 SF
      1060 County Rd Ew, Shoreview, MN 55126-8022
      View Details
    • Value Estimation
      $2,330,000
      4,983 SF

      3854 Lexington N Ave

      GAS STATION • 4,983 SF
      3854 Lexington N Ave, Shoreview, MN 55126-2916
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,678 SF

      Standalone Building with Drive-Thru

      Standalone building with existing drive-thru, built in 2002.
      5950 Rice Creek Pkwy, Shoreview, MN 55126
      View Details
    • $84,900
      0.34 Acres

      Commercial Lot on Rice Street

      Commercial land for sale with frontage on Rice Street.
      32xx Rice St, Saint Paul, MN 55126
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    • Contact for pricing
      2.50 Acres

      Lexington Ave Redevelopment Opportunity

      Prime Arden Hills commercial land, high traffic.
      3737 Lexington Ave, Arden Hills, MN 55126
      View Details
    • Contact for pricing
      34,799 SF

      Arden Hills Office Building

      34,799 SF office building on 5.66 acres in Arden Hills.
      3499 N Lexington Ave, Arden Hills, MN 55126
      View Details
    • $200,000
      0.41 Acres

      Residential Land in Shoreview, MN

      Residential land for sale in Mounds View School district.
      5920 Hodgson Rd, Shoreview, MN 55126
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      2.5-acre commercial land in a high-traffic location.
      3737 Lexington Ave N, Arden Hills, MN 55126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,223 SF

      Arden Hills Automotive/Retail Space

      Automotive/retail space in growing Arden Hills market, near major retailers.
      3757-3763 Lexington Ave N, Arden Hills, MN 55126
      View Details
    • Contact for pricing
      957 SF

      Shoreview Retail Center Opportunity

      Prime Shoreview location, 957-8,000 sqft available.
      3999 Rice St, Shoreview, MN 55126
      View Details
    • Contact for pricing
      97,638 SF

      Shannon Square Shoppes: Arden Hills Retail

      Grocery-anchored retail space available in thriving Arden Hills.
      3673 Lexington Ave, Arden Hills, MN 55126
      View Details
    • Contact for pricing
      43,000 SF

      Retail Space in Arden Hills

      High-profile retail location with strong daytime population and national retailers.
      3787 Lexington Ave N, Arden Hills, MN 55126
      View Details
    • $13 SF/Yr
      25,138 SF

      Shoreview Office Building for Lease

      Prime Shoreview Office Space Available
      5985 Rice Creek Pkwy, Shoreview, MN 55126
      View Details
    • $12 SF/Yr
      11,890 SF

      Shoreview Office Space For Rent

      Office space with easy access to I-35W and retail.
      5939 Rice Creek Pkwy, Shoreview, MN 55126
      View Details
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    3399 Kent St, Unit 22
    Shoreview, MN 55126-4070
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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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