Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5585 La Ctr Ave Albertville, MN 55301-4687

    • Strip malls
    • 5,040 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimation
    $2,800,000
    Last Sale
    Nov 01, 2021
    $2,540,000
    Location Intelligence
    Property ID
    US46-0527186
    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

    • Strip malls

    Property Details for 5585 La Ctr Ave

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.22 lot acres
    Property size
    5,040 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    101-092-001030
    APU
    101092001030

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,010,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,460,000
      6.5%
      $2,400,000
      7%
      $2,615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,440,000
      Geo Method
      $2,655,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,655,000
      Retail
      $2,425,000
      Mixed-Use
      $2,395,000
      Hospitality
      $2,295,000
      Educational
      $2,545,000
      Residential Income
      $2,890,000
      Energy
      $2,310,000
      Income-Based Land
      $2,185,000
      Food Service
      $2,765,000

    Location Insight

    • Map
    • Local Demand
    City
    Albertville
    County
    Wright
    State
    Minnesota
    Longitude
    -93.6637
    Latitude
    45.2322
    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
    $38,732
    $448,200
    $1,400,000
    $1,848,200
    -
    $448,200
    $1,400,000
    $1,848,200

    Comparable in this City

    • Value Estimation by Request
      24,977 SF

      5600 La Ctr Ave

      SHOPPING CENTER, STRIP CENTER • 24,977 SF
      5600 La Ctr Ave, Albertville, MN 55301-4017
      View Details
    • Value Estimation by Request
      11,800 SF

      11011 61st NE St

      SHOPPING CENTER, STRIP CENTER • 11,800 SF
      11011 61st NE St, Albertville, MN 55301-3307
      View Details
    • Value Estimation
      $380,000
      8,000 SF

      6883 Laketowne NE Pl

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      6883 Laketowne NE Pl, Albertville, MN 55301-4751
      View Details
    • Value Estimation
      $455,000
      10,000 SF

      6872 Laketowne NE Pl

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      6872 Laketowne NE Pl, Albertville, MN 55301
      View Details
    • Value Estimation
      $2,860,000
      11,030 SF

      11008 61st NE St

      SHOPPING CENTER, STRIP CENTER • 11,030 SF
      11008 61st NE St, Albertville, MN 55301-3319
      View Details
    • Value Estimation by Request
      12,000 SF

      5262 Kyler NE Ave

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      5262 Kyler NE Ave, Albertville, MN 55301-4705
      View Details

    Similar Nearby for Sale

    • $333,900

      Garage Condos - Customizable Units

      Customizable garage condos for collectors and enthusiasts, ready for occupancy.
      7040 Kaeding Ln NE, Otsego, MN 55301
      View Details
    • Contact for pricing

      Commercial Land with Flexible Zoning

      Land with city utilities and flexible zoning for various uses.
      10388 70Th St NE, Otsego, MN 55301
      View Details
    • $3,682,235

      26-Acre Mixed Use Development Land

      26.01 acres of mixed-use development land for sale.
      5446 Labeaux Ave NE, Albertville, MN 55301
      View Details
    • Contact for pricing

      Land Near Upcoming Costco

      Commercial land available near future Costco development.
      59Th Cir NE, Albertville, MN 55301
      View Details
    • Contact for pricing
      3.49 Acres

      New Flex-Use Commercial Garage Suites

      New construction flex-use commercial garage suites available January 2026.
      9781 71St St, Otsego, MN 55301
      View Details
    • Contact for pricing

      Shovel Ready I-1 Zoned Land

      10 acres of I-94 frontage land, ready for development.
      6593 Kadler Ave NE, Albertville, MN 55301
      View Details

    Similar Nearby for Lease

    • $1,400,000

      Land Off Hwy 101

      Highly accessible land situated near home developments off Hwy 101.
      72Nd St NE, Otsego, MN 55301
      View Details
    • Contact for pricing
      13,147 SF

      Medical Office Space for Sublease

      Sublease medical office space in Albertville through December 31, 2028.
      11091 Jason Ave NE, Albertville, MN 55301
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Premier pad sites with excellent visibility and access to I-94.
      6500 Labeaux Ave NE, Albertville, MN 55301
      View Details
    • Contact for pricing
      60,347 SF

      Otsego Warehouse Space Available

      60,347 SF warehouse near Albertville outlet mall.
      6551 Jansen Ave NE, Otsego, MN 55301
      View Details
    • Contact for pricing
      700,000 SF

      36.75 Acres Vacant Land

      36.75 acres of vacant land available for lease.
      80Th St NE, Otsego, MN 55301
      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.
    5585 La Ctr Ave
    Albertville, MN 55301-4687
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.