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    710 Johnson Dr Delano, MN 55328
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    Property profile & analytics

    710 Johnson Dr Delano, MN 55328

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    • Commercial real estate
    • 3,600 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US46-1587758
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 710 Johnson Dr

    Year built
    1981
    Lot size
    0.48 lot acres
    Property size
    3,600 SF
    Property type
    Commercial real estate
    APN
    107500132104

    Description

    This exceptional 3,600 square foot mixed-use property in Delano, Minnesota, presents a compelling investment opportunity. Located on a 0.479-acre lot at 710 Johnson Dr, 55328, this single-story, 1981-built building features a versatile layout ideal for owner-users or investors. Currently 50% occupied, the property includes a professional office space with three separate offices and expansion potential, plus a sizable garage/shop. The existing lease has 1.9 years remaining (commencing October 1, 2023, and expiring September 30, 2026), offering immediate income potential. The property boasts 15 parking spaces and is zoned for commercial use. With a list price of $450,000 ($125/sq ft), this property offers a strong return on investment. The property's location within Delano's industrial park provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-generating property in a thriving Minnesota community. The property's flexible layout and ample parking make it an attractive option for a variety of businesses and investors. The existing lease provides immediate cash flow, while the potential for expansion and increased occupancy offers significant upside. The property's strong location and solid construction make it a sound investment for the long term. The property's APN is 107500132104.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Delano
    County
    Wright
    State
    Minnesota
    Longitude
    -93.778043
    Latitude
    45.0338025

    Comparable in this City

    • Contact for pricing

      Customizable Flex Space Opportunity

      Customizable units for office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • New
      $305,000
      2,041 SF

      Customizable Commercial Unit in Delano

      Private commercial unit customizable as office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • $315,000
      1,520 SF

      Customizable Flex Space Unit

      Private unit customizable as office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • New
      $335,000
      2,128 SF

      Customizable Commercial Unit in Delano

      Private commercial unit customizable as office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • $399,900
      1,520 SF

      Versatile Commercial Space in Delano

      End-unit commercial space with mezzanine, suitable for various business uses.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • New
      $235,000
      1,568 SF

      Customizable Commercial Unit in Delano

      Private commercial unit customizable as office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Customizable Flex Space Opportunity

      Customizable units for office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • New
      $305,000
      2,041 SF

      Customizable Commercial Unit in Delano

      Private commercial unit customizable as office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • $315,000
      1,520 SF

      Customizable Flex Space Unit

      Private unit customizable as office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • New
      $335,000
      2,128 SF

      Customizable Commercial Unit in Delano

      Private commercial unit customizable as office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • $399,900
      1,520 SF

      Versatile Commercial Space in Delano

      End-unit commercial space with mezzanine, suitable for various business uses.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details
    • New
      $235,000
      1,568 SF

      Customizable Commercial Unit in Delano

      Private commercial unit customizable as office, warehouse, showroom, or garage.
      940 Mckinley Pkwy, Delano, MN 55328
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,887 SF

      Delano Warehouse Space Available

      Industrial warehouse space for lease in Delano, Minnesota.
      4306 Highway 12, Delano, MN 55328
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    • Contact for pricing
      1,400 SF

      Retail Space in Delano, MN

      Retail space available for lease in Delano, Minnesota.
      1480 Johnson Dr, Delano, MN 55328
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    • $8 SF/Yr
      1,500 SF

      Retail Space in Delano

      Retail space available for lease in Delano, Minnesota.
      600 Babcock Blvd E, Delano, MN 55328
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    • Contact for pricing
      30,000 SF

      3.21-Acre Parcel For Lease

      3.21-acre parcel suitable for single or multi-tenant use.
      Se & Babcock Blvd, Delano, MN 55328
      View Details
    • Contact for pricing
      8,000 SF

      Retail Parcel For Lease/Sale

      0.7-acre parcel available for lease, sale, or build-to-suit.
      County Line Rd & Babcock Blvd, Delano, MN 55328
      View Details
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    Delano, MN 55328
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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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