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    4005 Cardinal Rd NW Bemidji, MN 56601
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    4005 Cardinal Rd NW Bemidji, MN 56601

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    • Industrial land
    For Sale
    $700,000
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    7 Acre Parcel with Buildings For Sale
    $700,000
    6,000 SF

    7 Acre Parcel with Buildings

    7 acre parcel with steel buildings near US Hwy 2.

    4005 Cardinal Road NW, Bemidji, MN 56601
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    Property ID
    US46-2569259
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 4005 Cardinal Rd NW

    Year built
    1983
    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    Potential galore with this 7 acre parcel only 700' north of US Hwy 2 on Cardinal Rd. Great exposure. Includes: 2 all steel buildings (each 3000 sq ft) with 13' sidewalls and 21' wide doors and concrete floors. The ground is flat and easy to further develop.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.9491068
    Latitude
    47.5076518

    Comparable in this City

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      Commercial Acreage on Hwy 71

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      Commercial Acreage on Highway 71

      Large commercial tract with high visibility and easy access.
      1326-1490 Balsam Rd NW, Bemidji, MN 56601
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      2,112 SF

      Corner Lot Ready for Development

      Commercial corner lot with high traffic flow, ready for development.
      2301 Ash Ave NW, Bemidji, MN 56601
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    • $700,000
      7.00 Acres

      Bemidji Industrial Warehouse & Land

      7-Acre Industrial Property, $700K
      4005 Cardinal Rd, Bemidji, MN 56601
      View Details

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      Commercial Land Near Highway Access

      Development opportunity near major retailers and highway access.
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      Commercial Land For Sale

      Development opportunity in a growing commercial neighborhood.
      Johanneson Ave NW, Bemidji, MN 56601
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      Commercial Acreage on Hwy 71

      Large commercial land tract with high visibility and easy access.
      1612 Balsam Rd NW, Bemidji, MN 56601
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      Commercial Acreage on Highway 71

      Large commercial tract with high visibility and easy access.
      1326-1490 Balsam Rd NW, Bemidji, MN 56601
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    • Contact for pricing
      2,112 SF

      Corner Lot Ready for Development

      Commercial corner lot with high traffic flow, ready for development.
      2301 Ash Ave NW, Bemidji, MN 56601
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      Retail Space Near Lake Bemidji

      Retail spaces available in mixed-use property near downtown.
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      Retail Center in High-Traffic Area

      80,000 SF retail center at a busy intersection.
      2nd 2Nd St NW, Bemidji, MN 56601
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      8,000 SF

      Retail Center with Drive-Through Access

      Retail space in Verizon-anchored center with ample parking.
      1500-1504 Paul Bunyan Dr NW, Bemidji, MN 56601
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      14,508 SF

      Retail Space Available For Rent

      Retail property with 14,508 square feet available for lease.
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    • Contact for pricing
      14,508 SF

      Retail Space For Rent

      Retail space available in Bemidji, Minnesota, with ample parking.
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    View Listing
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    4005 Cardinal Rd NW
    Bemidji, MN 56601
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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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