Technical
Financial
Distress signals
Property profile

424 State Hwy 5th 5 Waconia, MN 55387

OFF-MARKET
Medical Office Space
Property ID
US46-0652505
41,970 SF 3.67 ac lot Built 1975
Individually Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1975
Total area 41,970 SF
Lot 3.67 ac (159,865 SF)
APN 75-0231700
UPID US46-0652505

Cap rate & NOI

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

Location

424 State Hwy 5th 5 Waconia, MN 55387-1723
Waconia metro Census 90303 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
by Request
Comparable Approach Comparable
$3.83M
Blend (final) Blend
$4.71M

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $6.0M +50.4%
Commercial (general) $5.0M +26.4%
Restaurant $4.8M +20.1%

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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