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

    706 4th NW Ave New Brighton, MN 55112-6816

    • Specialty properties
    • 6,796 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0640822
    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

    • Washburn-McReavy New Brighton Funeral Chapel / Funeral Home
    • Methven Taylor / Funeral Home
    • WASHBURN-MCREAVY FUNERAL CHAPELS / Funeral Home

    Property Details for 706 4th NW Ave

    Year built
    1903
    Construction
    WOOD FRAME
    Lot size
    0.36 lot acres
    Property size
    6,796 SF
    Zone code
    A
    Property type
    Specialty properties
    APN
    29-30-23-11-0032
    APU
    293023110032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $165,000
      Market price range: $160k - $277k

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $210,000
      Current use
      OFFICE BUILDING
      $400,000
      Change: +91% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $390,000
      Change: +86% Conversion: Difficult
      MEDICAL BUILDING
      $300,000
      Change: +43% Conversion: Difficult
      RETAIL STORES
      $265,000
      Change: +28% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $245,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New Brighton
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1922
    Latitude
    45.0612
    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
    $11,748
    $78,500
    $430,300
    $508,800
    -
    $78,500
    $430,300
    $508,800

    Comparable in this City

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      $295,000
      5,022 SF

      2625 Mounds Vw Blvd

      VETERINARY, ANIMAL HOSPITAL • 5,022 SF
      2625 Mounds Vw Blvd, Mounds View, MN 55112-3516
      View Details
    • Value Estimation
      $340,000
      10,100 SF

      1200 Long Lk Rd

      CHARITABLE ORGANIZATION • 10,100 SF
      1200 Long Lk Rd, New Brighton, MN 55112-6430
      View Details
    • Value Estimation
      $375,000
      2,000 SF

      8th NW Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,000 SF
      8th NW Ave, New Brighton, MN 55112
      View Details
    • Value Estimation
      $315,000
      5,222 SF

      2615 Mississippi St

      VETERINARY, ANIMAL HOSPITAL • 5,222 SF
      2615 Mississippi St, New Brighton, MN 55112-5058
      View Details
    • Value Estimation
      $350,000
      5,220 SF

      1261 County Rd Ew

      VETERINARY, ANIMAL HOSPITAL • 5,220 SF
      1261 County Rd Ew, Arden Hills, MN 55112-3738
      View Details
    • Value Estimation
      $735,000
      42,358 SF

      1101 Black Oak Dr

      CHARITABLE ORGANIZATION • 42,358 SF
      1101 Black Oak Dr, New Brighton, MN 55112-8400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      133,136 SF

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      133,136 SF office, tech, and warehouse building for sale.
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      118,693 SF

      Arden Hills Office Campus

      Two-building office campus in Arden Hills, Minnesota.
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    • $232,000
      971 SF

      Charming Townhome with Lake Views

      Single-level townhome in Mounds View with updated features and lake views.
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    • $775,000
      7,091 SF

      Fully Occupied Retail Investment Property

      Retail property with four tenants and recent renovations for sale.
      5491 Adams St, Mounds View, MN 55112
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    • Contact for pricing

      Arden Hills Developable Land

      Land with freeway visibility and easy access to I-35W.
      1780 Gateway Blvd, Arden Hills, MN 55112
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    Similar Nearby for Lease

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      3,460 SF

      Retail Space in Aldi Anchored Center

      Retail and restaurant spaces available in Mounds View, Minnesota.
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      View Details
    • $13 SF/Yr
      709 SF

      Corner Office Space Available

      709 SF office space with excellent corner location.
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    • $11 SF/Yr
      11,680 SF

      Industrial Warehouse Space Available

      Industrial warehouse space available for rent in New Brighton.
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      View Details
    • Contact for pricing
      7,742 SF

      Warehouse Space in Business Campus

      High-image warehouse with convenient access to major highways.
      601 Campus Dr, New Brighton, MN 55112
      View Details
    • Contact for pricing
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      Retail Center with Endcap Space

      Retail center with endcap and small shop space available.
      750-778 Highway Ave, Mendota Heights, MN 55112
      View Details
    • Contact for pricing
      28,021 SF

      Mounds View Office/Warehouse Space

      High-image office/warehouse space with excellent interstate access.
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      View Details
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    706 4th NW Ave
    New Brighton, MN 55112-6816
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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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