Add Listing
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

    3405 Lk Dr Circle Pines, MN 55014-3941

    • Commercial real estate
    • 5,740 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimations
    $1,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1650608
    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 3405 Lk Dr

    Year built
    2013
    Construction
    WOOD FRAME
    Lot size
    1.99 lot acres
    Property size
    5,740 SF
    Property type
    Commercial real estate
    APN
    35-31-23-32-0024
    APU
    353123320024

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,220,000
      7%
      $1,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $860,000
      Market price range: $235k - $860k

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

    Location Insight

    • Map
    • Local Demand
    City
    Circle Pines
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.1835
    Latitude
    45.13
    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
    2024
    $43,939
    $718,800
    $969,500
    $1,688,300
    -
    $718,800
    $969,500
    $1,688,300

    Comparable in this City

    • Value Estimation
      $2,995,000
      25,536 SF

      6776 Lk Dr

      COMMERCIAL (GENERAL) • 25,536 SF
      6776 Lk Dr, Lino Lakes, MN 55014-1191
      View Details
    • Value Estimation
      $1,495,000
      13,616 SF

      7050 Lk Dr

      COMMERCIAL (GENERAL) • 13,616 SF
      7050 Lk Dr, Lino Lakes, MN 55014-1924
      View Details
    • Value Estimation
      $505,000
      2,410 SF

      609 Apollo Dr

      COMMERCIAL (GENERAL) • 2,410 SF
      609 Apollo Dr, Lino Lakes, MN 55014-3020
      View Details
    • Value Estimation
      $1,530,000
      10,684 SF

      633 Apollo Dr

      COMMERCIAL (GENERAL) • 10,684 SF
      633 Apollo Dr, Lino Lakes, MN 55014-3020
      View Details
    • Value Estimation by Request
      3,020 SF

      7984 Lk Dr

      COMMERCIAL (GENERAL) • 3,020 SF
      7984 Lk Dr, Lino Lakes, MN 55014-1151
      View Details
    • Value Estimation
      $1,345,000
      24,045 SF

      9225 Lexington N Ave

      COMMERCIAL (GENERAL) • 24,045 SF
      9225 Lexington N Ave, Circle Pines, MN 55014-1760
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Farmhouses and Barn

      Rural land featuring tillable acreage, woods, farmhouses, and barn.
      16731 Furman St NE, Columbus, MN 55014
      View Details
    • Contact for pricing
      500,000 SF

      Columbus Land Parcel For Rent

      Columbus, MN land parcel with utilities and highway visibility.
      14751 Hornsby St NE, Columbus, MN 55014
      View Details
    • $1,690,000
      11,680 SF

      Blaine Office Building - Great Location!

      11,680 SF Office/Warehouse, Fully Leased.
      3521 88Th Ave, Blaine, MN 55014
      View Details
    • Contact for pricing

      Prime Retail Site Available

      Retail site with utilities, near upcoming industrial development.
      & I35E Main St, Lino Lakes, MN 55014
      View Details
    • Contact for pricing

      Raw Land Near Retail

      Raw land near retail amenities and sports center.
      107Th Ave NE, Blaine, MN 55014
      View Details
    • Contact for pricing

      High Traffic Corner Land

      Corner lot with high traffic and explosive growth potential.
      12470 Lexington Ave NE, Blaine, MN 55014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lino Lakes Tech Center Space

      New construction flex and industrial space in Lino Lakes.
      440 Park Ct, Lino Lakes, MN 55014
      View Details
    • $32 SF/Yr
      1,287 SF

      Retail Space Near National Sports Center

      Retail spaces for lease near Super Target and National Sports Center.
      1510 109Th Ave NE, Blaine, MN 55014
      View Details
    • Contact for pricing
      10,200 SF

      New Industrial Warehouse For Rent

      New industrial warehouse with light industrial zoning and great access.
      13654 W Freeway Dr, Columbus, MN 55014
      View Details
    • Contact for pricing

      Retail/Office Space in Circle Pines

      Professional office or retail space available now in Circle Pines.
      9300 Lexington Ave NE, Circle Pines, MN 55014
      View Details
    • Contact for pricing

      Retail Space in Circle Pines

      Retail space available with strong tenant line up.
      9101 Lake Dr, Circle Pines, MN 55014
      View Details
    • Contact for pricing

      Columbus MN Retail Property

      10.58 acres near I-35 and Running Aces Casino.
      9218 Lake Dr, Columbus, MN 55014
      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.
    3405 Lk Dr
    Circle Pines, MN 55014-3941
    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.
    Sign Up Successful!
    You now have access to more from Realmo!