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    6990 80Th St S Cottage Grove, MN 55016

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    6990 80Th St S Cottage Grove, MN 55016

    View on Map
    • Strip malls
    • 51,654 SF
    For Lease
    $4,880,000
    View Listing →
    Retail Space in Cottage Grove For Lease
    $4,880,000
    1,020 SF

    Retail Space in Cottage Grove

    Multi-tenant retail building with ample parking and easy access.

    6990 80th St S, Cottage Grove, MN
    View Listing
    Property ID
    US46-0732180
    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
    $4,880,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pizza Hut / Take-out & Catering
    • Grove Nutrition / Cafe & Coffee Shop / Take-out & Catering
    • Gold Duct / HVAC Service
    • Burggraf's Ace Hardware / Building Supply / Hardware & Home Improvement
    • Family Dollar Pet Supplies / (Bike/Boat/Book/etc) Store / Pet Store

    Property Details for 6990 80Th St S

    Year built
    1963
    Property size
    51,654 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    18-027-21-11-0074
    APU
    1802721110074

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,465,000
      ML approach
      $4,560,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $7,145,000
      OFFICE BUILDING
      $6,795,000
      RESTAURANT
      $4,480,000
      COMMERCIAL (GENERAL)
      $3,120,000
      RETAIL STORES
      $3,115,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cottage Grove
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9687
    Latitude
    44.8313
    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
    $94,406
    $1,048,600
    $2,031,900
    $3,080,500
    -
    $1,048,600
    $2,031,900
    $3,080,500

    Comparable in this City

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      12,276 SF

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    • Value Estimation
      $2,395,000
      10,184 SF

      6939 Pne Arbor S Dr

      SHOPPING CENTER, STRIP CENTER • 10,184 SF
      6939 Pne Arbor S Dr, Cottage Grove, MN 55016-4642
      View Details
    • Value Estimation by Request
      4,000 SF

      7424 Pt Douglas S Rd

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      7424 Pt Douglas S Rd, Cottage Grove, MN 55016-3025
      View Details
    • Value Estimation by Request
      2,864 SF

      7190 Pt Douglas S Rd

      SHOPPING CENTER, STRIP CENTER • 2,864 SF
      7190 Pt Douglas S Rd, Cottage Grove, MN 55016-3024
      View Details
    • Value Estimation by Request
      17,596 SF

      7155 80th S St

      SHOPPING CENTER, STRIP CENTER • 17,596 SF
      7155 80th S St, Cottage Grove, MN 55016-3033
      View Details
    • Value Estimation
      $600,000
      17,879 SF

      7155 Jorgensen S Ln

      SHOPPING CENTER, STRIP CENTER • 17,879 SF
      7155 Jorgensen S Ln, Cottage Grove, MN 55016-3546
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.92 Acres

      Class A Mixed-Use Development

      Class A office, medical, or retail space available May 2026.
      6939 Pine Arbor Dr S, Cottage Grove, MN 55016
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      Renovated Cottage Grove Business Building

      Historic building with renovated interior and exquisite outdoor patio.
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      Completely renovated commercial building with a breathtaking outdoor patio.
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      0.21 Acres

      Residential Land in Cottage Grove

      Residential land available for custom home in Cottage Grove, MN.
      9005 62Nd St S, Cottage Grove, MN 55016
      View Details
    • Contact for pricing

      Land For Sale

      Land available with mixed-use zoning for various development options.
      8811 92Nd St S, Cottage Grove, MN 55016
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    • $157,000

      Land For Sale

      Land available on 63rd Street South, Cottage Grove.
      9569 63Rd St S, Cottage Grove, MN 55016
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    Similar Nearby for Lease

    • Contact for pricing
      1,020 SF

      Retail Space in Cottage Grove

      Multi-tenant retail building with ample parking and easy access.
      6990 80Th St S, Cottage Grove, MN 55016
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space on 80th Street

      Retail space with high visibility and easy highway access.
      7430 80Th St S, Cottage Grove, MN 55016
      View Details
    • Contact for pricing

      Retail Space in Cottage Grove

      Retail space in neighborhood center with great visibility and access.
      7750 Harkness Ave S, Cottage Grove, MN 55016
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in Cottage Grove

      Retail space available in a shopping center anchored by Target.
      8711 E Point Douglas Rd, Cottage Grove, MN 55016
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent in Cottage Grove, MN.
      7750 Harkness Ave S, Cottage Grove, MN 55016
      View Details
    • Contact for pricing
      1,140 SF

      Retail/Office/Medical Space For Rent

      Retail, office, and medical space available in established retail center.
      8800 E Point Douglas Rd, Cottage Grove, MN 55016
      View Details
    View Listing
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    Cottage Grove, MN 55016
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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.

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    6990 80Th St S, Cottage Grove, MN, 55016

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