Sign Up Successful!
You now have access to more from Realmo!
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

    6687 Blue Heron Dr Lino Lakes, MN 55014-3303

    • Commercial real estate
    • 3,200 SF
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1793861
    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

    • Matthew Merrick - Thrivent / Financial Advisor
    • Ben Ollila - Thrivent / Financial Advisor
    • Mike Trudeau - Thrivent / Financial Advisor
    • Lakeside Legacy Wealth Advisors - Thrivent / Financial Advisor
    • Ben Mielke - Thrivent / Financial Advisor

    Property Details for 6687 Blue Heron Dr

    Year built
    2022
    Property size
    3,200 SF
    Property type
    Commercial real estate
    APN
    30-31-22-24-0095
    APU
    303122240095

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $735,000
      6.5%
      $680,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $479,000
      Market price range: $131k - $480k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lino Lakes
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.1347
    Latitude
    45.149
    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
    $20,595
    $217,200
    $555,300
    $772,500
    -
    $217,200
    $555,300
    $772,500

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      Circle

      COMMERCIAL (GENERAL) • 0.13 Acres
      Circle, Pines, MN 55014
      View Details
    • Value Estimation
      $17,205,000
      180,712 SF

      749 Apollo Dr

      COMMERCIAL (GENERAL) • 180,712 SF
      749 Apollo Dr, Lino Lakes, MN 55014-3035
      View Details
    • Value Estimation
      $975,000
      5,152 SF

      640 Apollo Dr

      COMMERCIAL (GENERAL) • 5,152 SF
      640 Apollo Dr, Lino Lakes, MN 55014-3021
      View Details
    • Value Estimation
      $945,000
      4,816 SF

      1 Central St

      COMMERCIAL (GENERAL) • 4,816 SF
      1 Central St, Circle Pines, MN 55014-1761
      View Details
    • Value Estimation
      $1,070,000
      5,740 SF

      3405 Lk Dr

      COMMERCIAL (GENERAL) • 5,740 SF
      3405 Lk Dr, Circle Pines, MN 55014-3941
      View Details
    • Value Estimation
      $1,920,000
      14,284 SF

      7525 Vlg Dr

      COMMERCIAL (GENERAL) • 14,284 SF
      7525 Vlg Dr, Lino Lakes, MN 55014-1257
      View Details

    Similar Nearby for Sale

    • $4,900,000

      Land with Farmhouses and Barn

      Rural land featuring tillable acreage, woods, farmhouses, and barn.
      16731 Furman St NE, Columbus, MN 55014
      View Details
    • $1,000,000

      Approved Multi-Family Development Land

      Land with approved development project for 111 units.
      99Th Ave NE, Blaine, MN 55014
      View Details
    • Contact for pricing

      Residential Development Land in Lino

      Land suitable for residential development near schools and transportation.
      876 Old Birch St, Lino Lakes, MN 55014
      View Details
    • $980,000

      Land Primed for Development

      Commercial land available for development with utilities on site.
      15057 Hornsby St NE, Columbus, MN 55014
      View Details
    • $1,690,000
      11,680 SF

      Blaine Office Building - Great Location!

      11,680 SF Office/Warehouse, Fully Leased.
      3521 88Th Ave, Blaine, MN 55014
      View Details
    • $299,000
      1,638 SF

      Well-Maintained Townhome in Century Farm

      Townhome with updated interior, spacious kitchen, and primary suite.
      174 Shetland Ln, Lino Lakes, MN 55014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,130 SF

      Prime Retail Space in Blaine

      Spacious 9130 sqft retail space in a vibrant strip mall.
      170 89Th Ave NE, Blaine, MN 55014
      View Details
    • Contact for pricing
      15,000 SF

      Apollo Crossing: Retail Space Available

      Lino Lakes retail space, 1360-2700 sq ft.
      550 Lilac St, Lino Lakes, MN 55014
      View Details
    • $9 SF/Yr
      93,000 SF

      Northway Shopping Center Space

      Retail space in thriving Circle Pines, MN.
      9101 Lk Dr, Lexington, MN 55014
      View Details
    • $13 SF/Yr
      25,000 SF

      Lexington Town Square Retail Space

      Prime Circle Pines retail/office space available.
      9300 Lexington Ave, Circle Pines, MN 55014
      View Details
    • $13 SF/Yr
      1,450 SF

      Retail/Medical Space in Circle Pines

      Neighborhood center retail or medical space available for lease.
      2 S Pine Dr, Circle Pines, MN 55014
      View Details
    • Contact for pricing

      Commercial Pad Site For Lease

      Pad site available for ground lease in Lino Lakes.
      733 Apollo Dr, Lino Lakes, MN 55014
      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.
    6687 Blue Heron Dr
    Lino Lakes, MN 55014-3303
    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.