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

    6301 Welcome Ave N Brooklyn Park, MN 55429

    • Industrial properties
    • 1.69 lot acres
    For Lease
    View listing
    Last Sale
    Jun 15, 2025
    $5,000,000
    Value Estimations
    $4,000,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0547655
    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

    • Industrial properties

    Property Details for 6301 Welcome Ave N

    Year built
    1980
    Construction
    CONCRETE BLOCKS
    Lot size
    1.69 lot acres
    Property type
    Industrial properties
    APN
    33-119-21-31-0008
    APU
    3311921310008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,040,000
      ML approach
      $2,965,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3523
    Latitude
    45.0698
    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
    $44,883
    $447,600
    $977,000
    $1,424,600
    -
    $447,600
    $977,000
    $1,424,600

    Comparable in this City

    • Value Estimation by Request
      8.61 Acres

      4001 Lk Breeze Ave

      INDUSTRIAL (GENERAL) • 8.61 Acres
      4001 Lk Breeze Ave, Brooklyn Center, MN 55429-3859
      View Details
    • Value Estimation by Request
      1.90 Acres

      5323 Lakeland N Ave

      INDUSTRIAL (GENERAL) • 1.90 Acres
      5323 Lakeland N Ave, Crystal, MN 55429-3115
      View Details
    • Value Estimation
      $1,045,000
      29,578 SF

      3615 48th N Ave

      INDUSTRIAL (GENERAL) • 29,578 SF
      3615 48th N Ave, Brooklyn Center, MN 55429
      View Details
    • Value Estimation
      $4,000,000
      121,640 SF

      3800 50th N Ave

      INDUSTRIAL (GENERAL) • 121,640 SF
      3800 50th N Ave, Brooklyn Center, MN 55429-3948
      View Details
    • Value Estimation
      $990,000
      8,500 SF

      3515 48th N Ave

      INDUSTRIAL (GENERAL) • 8,500 SF
      3515 48th N Ave, Brooklyn Center, MN 55429-3932
      View Details
    • Value Estimation by Request
      4.04 Acres

      6420 Zane N Ave

      INDUSTRIAL (GENERAL) • 4.04 Acres
      6420 Zane N Ave, Brooklyn Park, MN 55429-4168
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,266 SF

      Versatile Industrial Property in Minneapolis

      Spacious industrial property with strategic location and expansion possibilities.
      3715 50Th Ave N, Brooklyn Center, MN 55429
      View Details
    • $825,000
      5,000 SF

      Functional Industrial Property with Office

      5,000 SF industrial property with warehouse and office space.
      5201 Lakeland Ave N, Crystal, MN 55429
      View Details
    • Contact for pricing
      6,489 SF

      Medical Investment Opportunity

      6,489 SF medical space for sale, 8.4% CAP.
      5200 Douglas Dr N, Minneapolis, MN 55429
      View Details
    • $1,600,000
      0.59 Acres

      Brooklyn Park Multifamily Investment Opportunity

      16-unit apartment building with value-add potential in Brooklyn Park.
      6325 Douglas Dr N, Brooklyn Park, MN 55429
      View Details
    • Contact for pricing
      14,662 SF

      Drive-Thru Equipped Retail Investment

      Corporate guaranteed, absolute NNN retail property in Brooklyn Center, MN.
      5801 Brooklyn Blvd, Brooklyn Center, MN 55429
      View Details
    • Contact for pricing
      4,700 SF

      Retail Space with Highway Access

      Retail space with high visibility and access to Highway 100.
      5500 Brooklyn Blvd, Brooklyn Center, MN 55429
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      116,000 SF

      Warehouse with Freeway Access

      116,000 SF warehouse with convenient freeway access.
      4837 Azelia Ave North, Minneapolis, MN 55429
      View Details
    • Contact for pricing
      1,751 SF

      Brooklyn Park Flex/Industrial Space

      Flex/industrial space available for lease in Brooklyn Park, MN.
      6301 Welcome Ave N, Brooklyn Park, MN 55429
      View Details
    • Contact for pricing
      756 SF

      Retail Space on France Avenue

      Retail space available for lease in Minneapolis, MN.
      5005-5009 France Ave S, Minneapolis, MN 55429
      View Details
    • Contact for pricing
      845 SF

      Remodeled Office Space Available

      2,074 SF office space with easy highway access.
      5901 Brooklyn Blvd, Brooklyn Center, MN 55429
      View Details
    • Contact for pricing
      3,780 SF

      Retail Space on 50th & France

      Retail space available in a shopping and restaurant district.
      5037 France Ave S, Minneapolis, MN 55429
      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.
    6301 Welcome Ave N
    Brooklyn Park, MN 55429
    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!