Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5701 Kentucky Ave N Crystal, MN 55428
    Back to Search
    Property profile & analytics

    5701 Kentucky Ave N, Crystal, MN 55428

    View on Map
    • Commercial real estate
    • 1.49 lot acres
    For Sale
    $2,000,000
    View Listing →
    Fully Leased Office Building For Sale
    $2,000,000
    17,985 SF

    Fully Leased Office Building

    Well-maintained office building in Crystal, Minnesota, fully leased.

    5701 Kentucky Avenue N, Crystal, MN 55428
    View Listing
    Property ID
    US46-0832659
    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

    • Commercial real estate

    Property Details for 5701 Kentucky Ave N

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    1.49 lot acres
    Property type
    Commercial real estate
    APN
    05-118-21-42-0066
    APU
    511821420066

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 30, 2020 — 5701 Kentucky LLC Westside Office Park LLC Quit Claim Deed · related $1M · The First National Bank Of Moose La
    Nov 13, 2015 — Westside Office Park I LLC — Trustees Deed · related $200k · Allied Fndg
    Aug 27, 2015 $1,000,000 Westside Office Park I LLC Moberg,james I & Diana K Warranty Deed $284k
    Aug 26, 2015 $1,000,000 Westside Office Park I LLC Moberg,james I & Diana K Warranty Deed —
    Nov 16, 2005 $1,537,500 James I Moberg Ftk Properties INC Warranty Deed —
    Aug 2, 1999 $546,500 Ftk Properites INC Kubinski-palmer Mn Ptshp Quit Claim Deed · related —
    — — James I Moberg — Deed Of Trust · related $250k · Us Bank NA
    — — James I Moberg — Deed Of Trust · related $250k · Us Bank NA
    — — Westside Office Park I LLC — Loan Modification · related $284k · James I & Diana K Moberg
    — — Westside Office Park I LLC — Loan Modification · related $284k · James I Moberg

    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
    Crystal
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3701
    Latitude
    45.0563
    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
    $49,589
    $455,000
    $1,168,000
    $1,623,000
    -
    $455,000
    $1,168,000
    $1,623,000

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      5600 Broadway Ave

      COMMERCIAL (GENERAL)
      5600 Broadway Ave, Crystal, MN 55428-3510
      View Details
    • Value Estimation by Request
      2.11 Acres

      7000 Bass Lk Rd

      COMMERCIAL (GENERAL)
      7000 Bass Lk Rd, Crystal, MN 55428-3858
      View Details
    • Value Estimation by Request
      1.18 Acres

      7201 Bass Lk Rd

      COMMERCIAL (GENERAL)
      7201 Bass Lk Rd, New Hope, MN 55428-3824
      View Details
    • Value Estimation by Request
      3.53 Acres

      4240 Gettysburg N Ave

      COMMERCIAL (GENERAL)
      4240 Gettysburg N Ave, New Hope, MN 55428-4743
      View Details
    • Value Estimation by Request
      1.98 Acres

      7200 Broadway Ave

      COMMERCIAL (GENERAL)
      7200 Broadway Ave, Brooklyn Park, MN 55428
      View Details
    • Value Estimation by Request
      0.18 Acres

      5413 Florida N Ave

      COMMERCIAL (GENERAL)
      5413 Florida N Ave, Crystal, MN 55428-3942
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,650 SF

      Former Goodyear Tire Building For Sale

      6,650 SF building in Crystal, MN, excellent high-traffic location.
      5500 W Broadway, Crystal, MN 55428
      View Details
    • Contact for pricing

      Commercial Property for Sale

      Commercial property available for sale in Brooklyn Park, Minnesota.
      7624 Boone Ave North, Brooklyn Park, MN 55428
      View Details
    • Contact for pricing
      27,553 SF

      Industrial Property with Overhead Cranes

      Industrial property featuring overhead cranes and drive-in doors.
      9151 International Pkwy, New Hope, MN 55428
      View Details
    • Contact for pricing
      12,000 SF

      Automotive/Retail Space Near Home Depot

      Retail or automotive space with freeway visibility and ample parking.
      6771 Boone Ave N, Brooklyn Park, MN 55428
      View Details
    • Contact for pricing
      27,000 SF

      Retail Property in Brooklyn Park

      Retail property available for sale in Brooklyn Park, Minnesota.
      6900 W Broadway Ave, Brooklyn Park, MN 55428
      View Details
    • Contact for pricing
      25,227 SF

      Retail Property with Drive-Thru Lanes

      Retail property featuring seven drive-thru lanes and monument signage.
      7000 Bass Lake Rd, Crystal, MN 55428
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,135 SF

      Versatile Flex Space Available

      10,536 SF flex space suitable for various uses.
      9220 Bass Lake Rd, New Hope, MN 55428
      View Details
    • Contact for pricing
      1,780 SF

      Brooklyn Park Retail Space Available

      Retail and restaurant spaces available near major highways and colleges.
      7631-7637 Jolly Ln, Brooklyn Park, MN 55428
      View Details
    • Contact for pricing
      1,560 SF

      Brooklyn Park Retail Space Available

      Retail and restaurant spaces for lease in Brooklyn Park, MN.
      7655-7657 Jolly Ln, Brooklyn Park, MN 55428
      View Details
    • Contact for pricing
      40,082 SF

      Brooklyn Park Property For Rent

      High-end finishes, convenient location, available 6/1/2026.
      8201 Brooklyn Blvd, Brooklyn Park, MN 55428
      View Details
    • Contact for pricing

      Target Anchored Retail Space

      Located off County Road 81 and Brooklyn Blvd in Minneapolis.
      W Broadway & Brooklyn Blvd, Minneapolis, MN 55428
      View Details
    • Contact for pricing
      15,834 SF

      Brooklyn Park Warehouse Space Available

      Warehouse space featuring gated truck court and dock doors.
      6224 Lakeland Ave N, Brooklyn Park, MN 55428
      View Details
    View Listing
    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.
    5701 Kentucky Ave N
    Crystal, MN 55428
    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

    Thank You for Inquiry
    5701 Kentucky Ave N, Crystal, MN, 55428
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!