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    7240 Pt Douglas S Rd Cottage Grove, MN 55016-3032
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    Property profile & analytics

    7240 Pt Douglas S Rd, Cottage Grove, MN 55016-3032

    View on Map
    • Community centers
    • 109,196 SF
    Off-Market
    Property ID
    US46-2888871
    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
    $1,670,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grove Plaza Shopping Center / Shopping Center & Mall
    • Lash Lounge / Hair Salon
    • Ebony Queen Beauty Supply / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Angelic Image Medspa / Spa & Massage Center / Alternative Medicine Practice
    • TagWorks / (Bike/Boat/Book/etc) Store / Pet Store & Service

    Property Details for 7240 Pt Douglas S Rd

    Year built
    1979
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    17-027-21-21-0050
    APU
    1702721210050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 17, 2023 — Ulta Salon Cosmetics & Fragrance In Grove Raimbow LP Lease —
    May 2, 2016 $1,950,000 Grove-rainbow LP Cottage Grove Economic Dev Aut Grant Deed · related —

    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
    Cottage Grove
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9574
    Latitude
    44.8314
    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
    $54,720
    $388,800
    $1,369,100
    $1,757,900
    -
    $388,800
    $1,369,100
    $1,757,900

    Comparable in this City

    • Value Estimation
      $1,620,000
      95,872 SF

      7280 Pt Douglas S Rd

      MINI-MALL
      7280 Pt Douglas S Rd, Cottage Grove, MN 55016-3016
      View Details
    • Value Estimation
      $1,710,000
      97,340 SF

      7210 Pt Douglas S Rd

      MINI-MALL
      7210 Pt Douglas S Rd, Cottage Grove, MN 55016-3016
      View Details
    • Value Estimation
      $1,000,000
      29,200 SF

      7420 80th S St

      SHOPPING CENTER, STRIP CENTER
      7420 80th S St, Cottage Grove, MN 55016-3001
      View Details
    • Value Estimation
      $690,000
      9,496 SF

      9030 Inwood S Ave

      SHOPPING CENTER, STRIP CENTER
      9030 Inwood S Ave, Cottage Grove, MN 55016-3302
      View Details
    • Value Estimation by Request
      6,656 SF

      7180 Pt Douglas S Rd

      SHOPPING CENTER, STRIP CENTER
      7180 Pt Douglas S Rd, Cottage Grove, MN 55016-3018
      View Details
    • Value Estimation
      $4,085,000
      31,641 SF

      8711 Pt Douglas S Rd

      SHOPPING CENTER, STRIP CENTER
      8711 Pt Douglas S Rd, Cottage Grove, MN 55016-5000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.92 Acres

      Class A Office/Medical/Retail Space

      High-visibility Class A suite with private parking, suited for office, medical, or retail use.
      6939 Pine Arbor Dr S, Cottage Grove, MN 55016
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    • New
      $550,000
      Pending

      Renovated Historic Cottage Grove Building

      Completely renovated commercial building with a breathtaking outdoor patio.
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    • $157,000
      0.21 Acres

      Residential Lot in Cottage Grove

      Open-builder lot in desirable Cottage Grove neighborhood.
      9565 63Rd St S, Cottage Grove, MN 55016
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    • $157,000
      0.21 Acres

      Residential Lot in Cottage Grove

      Open-builder lot in a desirable Cottage Grove neighborhood.
      9569 63Rd St S, Cottage Grove, MN 55016
      View Details
    • Contact for pricing

      Land Ready for Development

      Land entitled for multi-family development with utilities on site.
      10251 Hadley Ave S, Cottage Grove, MN 55016
      View Details

    Similar Nearby for Lease

    • 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
      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
      1,100 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
      1,250 SF

      Retail Space in Cottage Grove

      Retail property with ample parking in Cottage Grove, Minnesota.
      7155 Jorgensen Ln 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
    • Contact for pricing
      1,449 SF

      Retail Building Near Residential Area

      Retail building in a dense residential area for sale.
      8621 E Point Douglas Rd S, Cottage Grove, MN 55016
      View Details
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    Cottage Grove, MN 55016-3032
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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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