Technical
Financial
Distress signals
Property profile

3500 Thurston Ave Anoka, MN 55303

OFF-MARKET
Warehouses
Property ID
US46-0560882
343,297 SF 25.42 ac lot Built 1996
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 343,297 SF
Lot 25.42 ac (1,107,295 SF)
Zoning code M-1
APN 36-32-25-32-0004
UPID US46-0560882

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Distribution Center Logistics Company
  • Big Box & Wholesale Store Food Market

Location

3500 Thurston Ave Anoka, MN 55303-1061
Anoka metro Census 50401 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$9.12M

Owner & transaction history

since 2019
5 recorded transactions
2025
Price N/A
2020
Price N/A
2019
$28.3M
2012
Price N/A
1969
Price N/A

Zoning & alternative use

M-1 · Anoka, MN
Zoning description

The M-1 Light Industrial District is intended for administrative, wholesaling, manufacturing and related uses which can maintain high standards of appearances, including open spaces and landscaping

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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