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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6500 Wedgwood N Rd Maple Grove, MN 55311-3605

    • Industrial properties
    • 59,682 SF
    • 6.72 lot acres
    OFF-MARKET
    Last Sale
    May 14, 2025
    $9,662,500
    Value Estimations
    $9,265,000
    Show details
    Cap Rate Potential
    7.3%
    Industrial properties
    Location Intelligence
    Property ID
    US46-0735535
    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 6500 Wedgwood N Rd

    Year built
    1991
    Lot size
    6.72 lot acres
    Property size
    59,682 SF
    Property type
    Industrial properties
    APN
    34-119-22-42-0006
    APU
    3411922420006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,840,000
      ML approach
      $8,610,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,805,000
      6.5%
      $9,975,000
      7%
      $9,260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,841,000
      Market price range: $5.36M - $8.84M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,125,000
      Current use
      COMMERCIAL (GENERAL)
      $8,465,000
      Change: +19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Grove
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4475
    Latitude
    45.0721
    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
    $242,220
    $1,392,600
    $6,908,600
    $8,301,200
    -
    $1,392,600
    $6,908,600
    $8,301,200

    Comparable in this City

    • Value Estimation by Request
      19.92 Acres

      19900 Co N Rd

      INDUSTRIAL (GENERAL) • 19.92 Acres
      19900 Co N Rd, Maple Grove, MN 55311
      View Details
    • Value Estimation
      $1,100,000
      2.14 Acres

      6805 Wedgwood N Ct

      INDUSTRIAL (GENERAL) • 2.14 Acres
      6805 Wedgwood N Ct, Maple Grove, MN 55311-3551
      View Details
    • Value Estimation
      $2,050,000
      11,295 SF

      6705 Wedgwood N Ct

      INDUSTRIAL (GENERAL) • 11,295 SF
      6705 Wedgwood N Ct, Maple Grove, MN 55311-3546
      View Details
    • Value Estimation
      $500,000
      68.12 Acres

      3 Scimed Pl

      INDUSTRIAL (GENERAL) • 68.12 Acres
      3 Scimed Pl, Maple Grove, MN 55311-1565
      View Details
    • Value Estimation
      $1,235,000
      12,015 SF

      13400 67th N Ave

      INDUSTRIAL (GENERAL) • 12,015 SF
      13400 67th N Ave, Maple Grove, MN 55311-3517
      View Details
    • Value Estimation
      $10,730,000
      126,417 SF

      13490 Bass Lk Rd

      INDUSTRIAL (GENERAL) • 126,417 SF
      13490 Bass Lk Rd, Maple Grove, MN 55311-3634
      View Details

    Similar Nearby for Sale

    • $729,000
      Pending

      Industrial Property with Expansion Potential

      Industrial property in Rogers, MN with expansion and redevelopment opportunities.
      19520 County Road 81, Rogers, MN 55311
      View Details
    • $3,995,000

      74.8 Acres Commercial Land Available

      Divisible 74.8-acre land parcel with mixed zoning.
      23440 Highway 55, Corcoran, MN 55311
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      Maple Grove Development Opportunity

      Rare 8-acre commercial development site in Maple Grove.
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      View Details
    • $2,500,000
      8.00 Acres

      Maple Grove Development Opportunity

      Nearly 8 acres of land for development in Maple Grove.
      9449 Lawndale Ln N, Maple Grove, MN 55311
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    • Contact for pricing

      Development Site in Rogers

      Prime Rogers development site with quick access to I-94.
      19915 Territorial Rd, Maple Grove, MN 55311
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    • Contact for pricing

      Residential Redevelopment Opportunity in Maple Grove

      Residential redevelopment opportunity near parks and major roadways.
      16725 Elm Rd, Maple Grove, MN 55311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      286,120 SF

      Industrial Spec Building in Corcoran

      State-of-the-art warehouse space available in Spring 2025.
      10585 County Road 101, Corcoran, MN 55311
      View Details
    • $6 SF/Yr
      3,544 SF

      Maple Grove Flex Office/Warehouse Space

      Flex office and warehouse spaces available in Maple Grove, MN.
      6901 E Fish Lake Rd, Maple Grove, MN 55311
      View Details
    • Contact for pricing
      32,130 SF

      Corcoran Warehouse Space Available

      32,130 SF warehouse space for lease in Corcoran, MN.
      Highway 55, Corcoran, MN 55311
      View Details
    • Contact for pricing
      94,000 SF

      Corcoran Warehouse Space Available

      94,000 SF warehouse space for lease in Corcoran, MN.
      Pioneer Trl, Corcoran, MN 55311
      View Details
    • $2,995 /Mo
      2,360 SF

      Spacious 4-Bed Townhome For Rent

      2019-built 4-bed, 4-bath end unit townhome with finished basement.
      7262 Alvarado Ln N, Maple Grove, MN 55311
      View Details
    • Contact for pricing
      4,513 SF

      Maple Grove Office Space Available

      Office space for rent in park-like setting near I-494.
      6655 Wedgwood Rd N, Maple Grove, MN 55311
      View Details
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    Maple Grove, MN 55311-3605
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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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