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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3516 Main NW St Coon Rapids, MN 55448-1002

    • Commercial real estate
    • 4,008 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0934883
    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

    • Isalis / Jewelry Store / Gift Shop
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 3516 Main NW St

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.99 lot acres
    Property size
    4,008 SF
    Property type
    Commercial real estate
    APN
    08-31-24-12-0013
    APU
    83124120013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $755,000
      6.5%
      $695,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $471,000
      Market price range: $160k - $471k

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

    Location Insight

    • Map
    • Local Demand
    City
    Coon Rapids
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.3549
    Latitude
    45.197
    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
    $34,546
    $587,200
    $766,800
    $1,354,000
    -
    $587,200
    $766,800
    $1,354,000

    Comparable in this City

    • Value Estimation
      $6,060,000
      59,138 SF

      1950 Gtwy NW Dr

      COMMERCIAL (GENERAL) • 59,138 SF
      1950 Gtwy NW Dr, Coon Rapids, MN 55448-4510
      View Details
    • Value Estimation
      $705,000
      4,355 SF

      3231 Northdale NW Blvd

      COMMERCIAL (GENERAL) • 4,355 SF
      3231 Northdale NW Blvd, Coon Rapids, MN 55448-6706
      View Details
    • Value Estimation
      $5,185,000
      52,814 SF

      12880 Riverdale NW Dr

      COMMERCIAL (GENERAL) • 52,814 SF
      12880 Riverdale NW Dr, Coon Rapids, MN 55448-1268
      View Details
    • Value Estimation
      $815,000
      6,750 SF

      3530 Main NW St

      COMMERCIAL (GENERAL) • 6,750 SF
      3530 Main NW St, Coon Rapids, MN 55448
      View Details
    • Value Estimation
      $625,000
      3,853 SF

      3582 Main NW St

      COMMERCIAL (GENERAL) • 3,853 SF
      3582 Main NW St, Coon Rapids, MN 55448-1002
      View Details
    • Value Estimation
      $740,000
      5,444 SF

      3500 129th NW Ave

      COMMERCIAL (GENERAL) • 5,444 SF
      3500 129th NW Ave, Coon Rapids, MN 55448-1024
      View Details

    Similar Nearby for Sale

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      1.49 Acres

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      1.49-acre commercial lot, ready to build.
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    • $2,000,000
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      Freestanding Restaurant Building For Sale

      5,235 SF restaurant building with excellent highway access.
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      Established Hair Salon Business

      Fully operational hair salon business for sale in Coon Rapids.
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      End Unit Townhome Near Park

      3BR, 2BA townhome with park access and storage.
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      Commercial land with high visibility near major retailers.
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    Similar Nearby for Lease

    • $16 SF/Yr
      1,500 SF

      New Construction Industrial Space

      New industrial space with highway access and floor drains.
      11670 Eagle St NW, Coon Rapids, MN 55448
      View Details
    • $19 SF/Yr
      239 SF

      Executive Office Space Available

      Class A office space for lease in Coon Rapids.
      3495 NW Northdale Blvd, Coon Rapids, MN 55448
      View Details
    • $15 SF/Yr
      20,632 SF

      Foley Ridge Office Center: Minneapolis

      Prime Anoka County office space available.
      10160 Foley Blvd, Minneapolis, MN 55448
      View Details
    • Contact for pricing
      1,557 SF

      Riverdale Market: Coon Rapids Retail

      Prime Coon Rapids retail space available. Multiple units, high visibility.
      2740 Main St, Coon Rapids, MN 55448
      View Details
    • Contact for pricing
      41,937 SF

      Coon Rapids Manufacturing/Distribution Space

      41,937 SF manufacturing/distribution space in Coon Rapids, Minnesota.
      11551 Eagle St NW, Coon Rapids, MN 55448
      View Details
    • Contact for pricing
      3,650 SF

      Retail Space Available For Lease

      3,650 SF in-line retail space available for lease.
      13131 NW Riverdale Blvd, Coon Rapids, MN 55448
      View Details

    Property Visit Statistics

    • Visits by month
      945
    • Visitors by month
      759
    • Avg Time on site
      50 min
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    Coon Rapids, MN 55448-1002
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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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