Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6811 137th NE Ave Columbus, MN 55025-2859
    Back to Search
    Property profile & analytics

    6811 137th NE Ave Columbus, MN 55025-2859

    View on Map
    • Commercial real estate
    • 21,000 SF
    Off-Market
    Last Sale Apr 15, 2022
    $636,469
    Property ID
    US46-0082858
    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
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6811 137th NE Ave

    Year built
    2022
    Property size
    21,000 SF
    Property type
    Commercial real estate
    APN
    33-32-22-24-0015
    APU
    333222240015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $725,000
      ML approach
      $960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.0957
    Latitude
    45.2197
    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
    $83,501
    $109,000
    $3,709,700
    $3,818,700
    -
    $109,000
    $3,709,700
    $3,818,700

    Comparable in this City

    • Value Estimation
      $3,920,000
      55,434 SF

      508 15th SW St

      COMMERCIAL (GENERAL) • 55,434 SF
      508 15th SW St, Forest Lake, MN 55025-1378
      View Details
    • Value Estimation
      $10,755,000
      125,884 SF

      356 12th SW St

      COMMERCIAL (GENERAL) • 125,884 SF
      356 12th SW St, Forest Lake, MN 55025-1749
      View Details
    • Value Estimation by Request
      2,104 SF

      13434 Lk NE Dr

      COMMERCIAL (GENERAL) • 2,104 SF
      13434 Lk NE Dr, Columbus, MN 55025-8608
      View Details
    • Value Estimation
      $1,270,000
      6,000 SF

      15120 Fwy NE Dr

      COMMERCIAL (GENERAL) • 6,000 SF
      15120 Fwy NE Dr, Forest Lake, MN 55025-9433
      View Details
    • Value Estimation
      $1,615,000
      13,700 SF

      15219 Feller NE St

      COMMERCIAL (GENERAL) • 13,700 SF
      15219 Feller NE St, Columbus, MN 55025-8883
      View Details
    • Value Estimation by Request
      1,412 SF

      1801 Broadway Ave

      COMMERCIAL (GENERAL) • 1,412 SF
      1801 Broadway Ave, Forest Lake, MN 55025-2766
      View Details

    Similar Nearby for Sale

    • $560,000
      976 SF

      High-Traffic Columbus Commercial Land

      Prime 4.7-Acre Commercial Lot, High Visibility
      9500 145Th Ave, Columbus, MN 55025
      View Details
    • $120,000

      Profitable Auto Shop Business

      Profitable muffler business for sale with consistent revenue.
      1031 Lake St South, Forest Lake, MN 55025
      View Details
    • $275,000
      0.46 Acres

      Undeveloped Lot in Business District

      High-visibility commercial land in the heart of Forest Lake.
      932 W Broadway Ave, Forest Lake, MN 55025
      View Details
    • Contact for pricing
      500,000 SF

      Columbus Land Parcel For Rent

      Columbus, MN land parcel with utilities and highway visibility.
      14751 Hornsby St NE, Columbus, MN 55025
      View Details
    • Contact for pricing

      Available Greenfield Land Opportunity

      Up to 123 acres of shovel-ready land for sale.
      Headwaters Pkwy, Forest Lake, MN 55025
      View Details
    • $2,745,000
      12,480 SF

      Broadway Business Center Retail Space

      Multitenant retail center in the Broadway Business district.
      555 W Broadway Ave, Forest Lake, MN 55025
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Warehouse with Office Space

      New warehouse with office, easy I-35 access, Columbus, MN
      13654 W Freeway Dr, Columbus, MN 55025
      View Details
    • Contact for pricing

      Retail Space in Forest Lake

      Retail spaces available in Forest Lake, new construction and existing.
      119 12 St NW, Forest Lake, MN 55025
      View Details
    • Contact for pricing
      10,641 SF

      Remodeled Retail Space Available

      Recently remodeled retail space with high traffic location.
      1500 Lake St S, Forest Lake, MN 55025
      View Details
    • Contact for pricing
      2,252 SF

      Retail Space in Forest Lake

      Grocery-anchored shopping center with drive-thru in Forest Lake, MN.
      2009-2013 W Broadway Ave, Forest Lake, MN 55025
      View Details
    • $14 SF/Yr
      1,714 SF

      Retail Space in Broadway Commons

      Retail space available in high-traffic Forest Lake location.
      843 W Broadway Ave, Forest Lake, MN 55025
      View Details
    • Contact for pricing

      Retail Space in Forest Lake

      Bustling shopping center anchored by Cub Foods in Forest Lake.
      2009 W Broadway Ave, Forest Lake, MN 55025
      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.
    6811 137th NE Ave
    Columbus, MN 55025-2859
    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

    Thank You for Inquiry
    6811 137th NE Ave, Columbus, MN, 55025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!