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

    3717 Lexington N Ave Arden Hills, MN 55126-3081

    • Grocery and convenience stores
    • 70,981 SF
    • 5.03 lot acres
    OFF-MARKET
    Value Estimations
    $5,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1032618
    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

    • Grocery and convenience stores

    Property Details for 3717 Lexington N Ave

    Year built
    2003
    Lot size
    5.03 lot acres
    Property size
    70,981 SF
    Zone code
    E
    Property type
    Grocery and convenience stores
    APN
    27-30-23-44-0013
    APU
    273023440013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,176,000
      Market price range: $3.88M - $12.2M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,255,000
      Current use
      WAREHOUSE, STORAGE
      $8,180,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $7,770,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $6,525,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Arden Hills
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1482
    Latitude
    45.0531
    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
    $200,140
    $3,284,500
    $3,989,300
    $7,273,800
    -
    $3,284,500
    $3,989,300
    $7,273,800

    Comparable in this City

    • Value Estimation by Request
      1,196 SF

      5990 Hodgson Rd

      CONVENIENCE STORE • 1,196 SF
      5990 Hodgson Rd, Shoreview, MN 55126-4640
      View Details
    • Value Estimation by Request
      2,255 SF

      3467 Rice St

      CONVENIENCE STORE • 2,255 SF
      3467 Rice St, Shoreview, MN 55126-3049
      View Details
    • Value Estimation
      $5,825,000
      67,146 SF

      441 Hwy 96th W

      GROCERY, SUPERMARKET • 67,146 SF
      441 Hwy 96th W, Shoreview, MN 55126-1902
      View Details
    • Value Estimation by Request
      2,213 SF

      3592 Lexington N Ave

      CONVENIENCE STORE • 2,213 SF
      3592 Lexington N Ave, Shoreview, MN 55126-8002
      View Details
    • Value Estimation
      $1,880,000
      19,047 SF

      1041 Red Fox Rd

      GROCERY, SUPERMARKET • 19,047 SF
      1041 Red Fox Rd, Shoreview, MN 55126-2900
      View Details
    • Value Estimation
      $515,000
      3,318 SF

      5995 Hodgson Rd

      CONVENIENCE STORE • 3,318 SF
      5995 Hodgson Rd, Shoreview, MN 55126-4604
      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.
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    • Contact for pricing
      2.50 Acres

      Lexington Ave Redevelopment Opportunity

      Prime Arden Hills commercial land, high traffic.
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    • $84,900
      0.34 Acres

      Commercial Lot on Rice Street

      Commercial land for sale with frontage on Rice Street.
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      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
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    • $200,000
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      Residential Land in Shoreview, MN

      Residential land for sale in Mounds View School district.
      5920 Hodgson Rd, Shoreview, MN 55126
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    • 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
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    Similar Nearby for Lease

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      97,638 SF

      Shannon Square Shoppes: Arden Hills Retail

      Grocery-anchored retail space available in thriving Arden Hills.
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    • Contact for pricing
      957 SF

      Shoreview Retail Center Opportunity

      Prime Shoreview location, 957-8,000 sqft available.
      3999 Rice St, Shoreview, MN 55126
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    • Contact for pricing
      38,961 SF

      Shoreview Flex/Industrial Space Available

      Flex/industrial space with easy access to I-35W.
      5910 Rice Creek Pkwy, Shoreview, MN 55126
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    • $1,000,000
      2,772 SF

      Charming Office Space For Rent

      Lower-level office suite with pond view and convenient location.
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    • $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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    3717 Lexington N Ave
    Arden Hills, MN 55126-3081
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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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