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

    6522 60th NE St Sauk Rapids, MN 56379-9786

    • Medical offices
    • 3,855 SF
    • 5.32 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2022
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1881142
    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

    • Medical offices

    Property Details for 6522 60th NE St

    Year built
    1997
    Lot size
    5.32 lot acres
    Property size
    3,855 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    07.00455.02
    APU
    70045502

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sauk Rapids
    County
    Benton
    State
    Minnesota
    Longitude
    -94.0265
    Latitude
    45.6542
    CBSA code
    41060
    CBSA name
    ST. CLOUD, MN 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
    $1,260
    $54,600
    $239,800
    $294,400
    -
    $54,600
    $239,800
    $294,400

    Comparable in this City

    • Value Estimation by Request
      3,400 SF

      216 3rd S Ave

      HOMES (RETIRED, NURSING) • 3,400 SF
      216 3rd S Ave, Sauk Rapids, MN 56379-1442
      View Details
    • Value Estimation
      $510,000
      20,751 SF

      307 11th N St

      HOMES (RETIRED, NURSING) • 20,751 SF
      307 11th N St, Sauk Rapids, MN 56379-2184
      View Details
    • Value Estimation by Request
      149,778 SF

      1115 4th N Ave

      HOMES (RETIRED, NURSING) • 149,778 SF
      1115 4th N Ave, Sauk Rapids, MN 56379-2201
      View Details
    • Value Estimation by Request
      3,500 SF

      1277 2nd N St

      OFFICE BUILDING • 3,500 SF
      1277 2nd N St, Sauk Rapids, MN 56379-2531
      View Details
    • Value Estimation
      $800,000
      6,600 SF

      1007 Industrial S Dr

      OFFICE BUILDING • 6,600 SF
      1007 Industrial S Dr, Sauk Rapids, MN 56379-1241
      View Details
    • Value Estimation by Request
      6,160 SF

      1287 2nd N St

      OFFICE BUILDING • 6,160 SF
      1287 2nd N St, Sauk Rapids, MN 56379-4594
      View Details

    Similar Nearby for Sale

    • $2,500,000
      30,000 SF

      Finished Shop & Office Building

      Turn-key shop and office space with ample storage and parking.
      6225 Lark Rd NW, Sauk Rapids, MN 56379
      View Details
    • Contact for pricing

      Vacant Commercial Lot For Sale

      Vacant commercial lot in a growing Central Minnesota community.
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    • $56,900
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      Windsor Estates Residential Land

      Residential lots in Sauk Rapids with infrastructure.
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    • $352,000
      8.47 Acres

      Commercial Land in Growing Community

      Prime commercial land with easy highway access in Sauk Rapids.
      Xxx, Sauk Rapids, MN 56379
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    • $34,900
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      Residential Land in Creekside Neighborhood

      Homesite in Villages of Creekside neighborhood with pool and great schools.
      3430 Old Creek Pl NE, Sauk Rapids, MN 56379
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    • $56,900
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      Windsor Estates Residential Lots

      Residential lots with city utilities and walking trails.
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    Similar Nearby for Lease

    • Contact for pricing
      1,786 SF

      Sauk Rapids Business Center Space

      Highly visible office space near downtown Sauk Rapids and St. Cloud.
      1139 Franklin Ave NE, Sauk Rapids, MN 56379
      View Details
    • $14 SF/Yr
      2,250 SF

      Sauk Rapids Office Space Available

      Office space for lease in Sauk Rapids, Minnesota.
      1424-1428 2Nd St N, Sauk Rapids, MN 56379
      View Details
    • $6 SF/Yr
      4,200 SF

      Sauk Rapids Warehouse and Office

      4,200 SF warehouse with office/showroom space for lease.
      3705 Quail Rd NE, Sauk Rapids, MN 56379
      View Details
    • $15 SF/Yr
      4,212 SF

      Speedway Gas Station - Sauk Rapids, MN

      Prime Retail Gas Station, High Traffic Area
      502 Benton Dr, Sauk Rapids, MN 56379
      View Details
    • $5 SF/Yr
      256,942 SF

      Sauk Rapids Industrial Campus

      Large warehouse spaces for sale/lease.
      1100 Stearns Dr, Sauk Rapids, MN 56379
      View Details
    • $6 SF/Yr
      6,295 SF

      Multi-Purpose Building For Lease

      6,295 sq ft multi-purpose building available for lease.
      5150 Marson Dr, Sauk Rapids, MN 56379
      View Details
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    6522 60th NE St
    Sauk Rapids, MN 56379-9786
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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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