Property profile

7119 Forthun Rd Baxter, MN 56425

OFF-MARKET
Other office properties
Property ID
US46-0795072
4,818 SF 0.56 ac lot Built 2001
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a mixed office and warehouse facility in the Baxter business community, totaling 4,814 square feet and constructed in 2001. The building is of wood-frame construction on a concrete block foundation, with vinyl siding and an asphalt shingle roof. It is configured to support multiple tenant spaces, including Suite 102, which provides 907 square feet with ceiling heights ranging from 14 to 18 feet and a single 12' W x 12' H overhead door; the building also includes a shared bathroom serving office suites 102–106. Building systems include city water and sewer, natural gas forced-air heating, and central air cooling via an electric ground unit, with 200-amp, single-phase electrical service and fluorescent lighting. The site covers 0.56 acres (100.49' x 249.95' x 100' x 249') and includes 21 paved parking spaces, with 7 spaces set aside as tenant parking, plus 100 feet of road frontage on Forthun Road. The property is zoned OS – Office Service and is located near retail and medical facilities, with road access to Hwy 371 and Hwy 210.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Year built 2001
Total area 4,818 SF
Lot 0.56 ac (24,499 SF)
APN 40070664
UPID US46-0795072

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7119 Forthun Rd Baxter, MN 56425-8701
Baxter metro Census 951304 BRAINERD, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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