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

    3854 Lexington N Ave Shoreview, MN 55126-2916

    • Gas stations
    • 4,983 SF
    • 2.03 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2021
    $2,570,000
    Value Estimations
    $2,475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0992352
    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 / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3854 Lexington N Ave

    Year built
    1971
    Lot size
    2.03 lot acres
    Property size
    4,983 SF
    Property type
    Gas stations
    APN
    26-30-23-23-0012
    APU
    263023230012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,330,000
      ML approach
      $2,430,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Shoreview
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1462
    Latitude
    45.058
    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
    $75,000
    $1,591,700
    $1,190,000
    $2,781,700
    -
    $1,591,700
    $1,190,000
    $2,781,700

    Comparable in this City

    • Value Estimation
      $930,000
      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 by Request
      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
      $2,355,000
      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 by Request
      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 by Request
      0.00 Acres

      3399 Kent St, Unit 22

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      3399 Kent St, Shoreview, MN 55126-4070
      View Details
    • Value Estimation
      $5,675,000
      17,938 SF

      4595 Hodgson Rd

      CAR WASH • 17,938 SF
      4595 Hodgson Rd, Shoreview, MN 55126-6041
      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
    • 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
    • $185,000
      0.41 Acres

      Residential Lot in Shoreview, MN

      Residential land in Mounds View School district with mature trees.
      5920 Hodgson Rd, 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, Shoreview, MN 55126
      View Details
    • $519,000
      0.39 Acres

      Lakefront Lot Ready for Building

      0.39-acre lakefront lot on Island Lake in Shoreview, MN.
      782 Randy Ave, Shoreview, MN 55126
      View Details
    • Contact for pricing
      5,544 SF

      Charming Office Space For Rent

      Lower-level office suite with pond view and convenient location.
      3252-3254 Rice St, Little Canada, MN 55126
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Shoreview Neighborhood Center For Rent

      Neighborhood center in Shoreview geared toward convenience and smaller square footages.
      3999 Rice St, Shoreview, MN 55126
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center For Rent

      Retail spaces available in Arden Hills shopping center.
      3673 Lexington Ave N, Arden Hills, MN 55126
      View Details
    • New
      Contact for pricing
      42,874 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
    • Contact for pricing
      11,344 SF

      Shoreview Flex/Industrial Space Available

      Flex/industrial space with easy access to I-35W.
      5910 Rice Creek Pkwy, Shoreview, MN 55126
      View Details
    • Contact for pricing

      Shoreview Office Space Available

      Office spaces available, ranging from 669 to 1,141 SqFt.
      470 Highway 96 W, Shoreview, MN 55126
      View Details
    • Contact for pricing

      Shoreview Industrial Space Available

      Industrial space with office and warehouse components, available June 1st, 2024.
      559 Ste 573 & 575, Shoreview, MN 55126
      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.
    3854 Lexington N Ave
    Shoreview, MN 55126-2916
    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!