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    6415 Hwy 10th NW Ramsey, MN 55303-4596
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    Property profile & analytics

    6415 Hwy 10th NW Ramsey, MN 55303-4596

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    • Commercial real estate
    • 23,622 SF
    • 3.79 lot acres
    For Lease
    $2,500,000
    View Listing →
    Restaurant/Retail Space with Highway Visibility For Lease
    $2,500,000
    4,940 SF

    Restaurant/Retail Space with Highway Visibility

    Restaurant/retail space available with highway visibility and strong demographics.

    6415 Hwy 10, Ramsey, MN
    View Listing
    Property ID
    US46-0566287
    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
    $2,500,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6415 Hwy 10th NW

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.79 lot acres
    Property size
    23,622 SF
    Property type
    Commercial real estate
    APN
    34-32-25-14-0026
    APU
    343225140026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,500,000
      ML approach
      $2,500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,691,000
      Market price range: $882k - $2.92M

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

    Location Insight

    • Map
    • Local Demand
    City
    Ramsey
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.4309
    Latitude
    45.2216
    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
    2024
    $79,526
    $949,100
    $2,207,700
    $3,156,800
    -
    $949,100
    $2,207,700
    $3,156,800

    Comparable in this City

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      $1,440,000
      9,167 SF

      617 Buchanan St

      COMMERCIAL (GENERAL) • 9,167 SF
      617 Buchanan St, Anoka, MN 55303-1138
      View Details
    • Value Estimation
      $760,000
      4,596 SF

      14075 Ramsey NW Blvd

      COMMERCIAL (GENERAL) • 4,596 SF
      14075 Ramsey NW Blvd, Ramsey, MN 55303-6135
      View Details
    • Value Estimation
      $910,000
      5,936 SF

      7815 Riverdale NW Dr

      COMMERCIAL (GENERAL) • 5,936 SF
      7815 Riverdale NW Dr, Ramsey, MN 55303-7276
      View Details
    • Value Estimation
      $1,300,000
      8,156 SF

      15299 Saint Francis Blvd

      COMMERCIAL (GENERAL) • 8,156 SF
      15299 Saint Francis Blvd, Ramsey, MN 55303-6119
      View Details
    • Value Estimation
      $1,845,000
      11,936 SF

      9333 Alpine NW Dr

      COMMERCIAL (GENERAL) • 11,936 SF
      9333 Alpine NW Dr, Ramsey, MN 55303-4705
      View Details
    • Value Estimation
      $1,490,000
      14,024 SF

      2830 Cutters Grv Ave

      COMMERCIAL (GENERAL) • 14,024 SF
      2830 Cutters Grv Ave, Anoka, MN 55303-6206
      View Details

    Similar Nearby for Sale

    • $495,000

      Land Available in Anoka

      Land for sale located off St. Francis Boulevard, Anoka.
      19477 Saint Francis Blvd NW, Anoka, MN 55303
      View Details
    • $139,900
      2.00 Acres

      Oak Grove Treed Residential Lots

      Two-acre residential lots in a matured, treed development.
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    • $380,000
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      Ramsey Land Investment Opportunity

      Land for future development in Ramsey, Minnesota.
      14xxx Sunfish Lake Blvd NW, Ramsey, MN 55303
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    • Contact for pricing

      Anoka Shopping Center Retail Suites

      Retail suites available in established Anoka shopping center.
      500 West Main St, Anoka, MN 55303
      View Details
    • $950,000
      1 SF

      Anoka Commercial Land For Sale

      Commercial land in historic Anoka, ideal for retail/office development.
      640 East Main St, Anoka, MN 55303
      View Details
    • $165,000
      2.08 Acres

      Oak Grove Wooded Land Parcel

      2.08 acre wooded lot in Oak Grove, Minnesota.
      3255 187 Ln NW, Oak Grove, MN 55303
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    Similar Nearby for Lease

    • Contact for pricing

      Ramsey Commercial Land Opportunity

      6.61 acres of commercial land for sale in Ramsey, MN.
      147Th Ave, Ramsey, MN 55303
      View Details
    • Contact for pricing

      Ramsey Warehouse Space Available

      Warehouse space for rent at Bunker Lake Boulevard, Ramsey, MN.
      8297 Bunker Lake Blvd, Ramsey, MN 55303
      View Details
    • Contact for pricing
      42,000 SF

      Ramsey Warehouse Space Available Now

      42,000 SF warehouse space with 6 docks and 28' clear height.
      8297 Bunker Lake Blvd, Ramsey, MN 55303
      View Details
    • Contact for pricing
      893 SF

      Anoka Shopping Center Office Suites

      Office suites available in established Anoka shopping center.
      500 W Main St, Anoka, MN 55303
      View Details
    • Contact for pricing
      1,485 SF

      Versatile Retail/Office/Medical Space Available

      Adaptable space with highway visibility, suitable for retail or office.
      2830 Cutters Grove Ave, Anoka, MN 55303
      View Details
    • Contact for pricing

      Ramsey Warehouse Space Available

      Warehouse space available for rent in Ramsey, Minnesota.
      8227 Bunker Lake Blvd, Ramsey, MN 55303
      View Details
    View Listing
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    Ramsey, MN 55303-4596
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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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