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Property profile & analytics
OFF-MARKET
Estimated value
$4,835,000
Commercial real estate
7360 33rd N St Oakdale, MN 55128-4416
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0858324
Property summary
AI-generated overview
This exceptional 42,348-square-foot freestanding health club is available for lease in Oakdale, Minnesota. Located within the Minneapolis-Saint Paul MSA, this single-tenant property boasts a prime location with excellent visibility and accessibility. Built in 2009, the one-story building sits on a 4.6-acre lot and offers ample parking with 377 spaces. The property benefits from high traffic counts on Highway 694 and 34th Street North, exceeding 99,000 vehicles combined. This presents a significant opportunity for a fitness operator to establish a thriving business in a rapidly growing area. Oakdale, a suburb of Saint Paul, is experiencing substantial development and boasts a population of 28,303 (2020 Census), making it the 36th largest city in Minnesota. The property's size and location make it ideal for a variety of fitness concepts. The entire building is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a well-situated, large-scale fitness facility in a thriving market.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
45,005 SF
Lot
4.6 ac (200,376 SF)
APN
17-029-21-31-0011
UPID
US46-0858324
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
LA Fitness Gym & Fitness Center
-
Amazon Hub Locker - Geologist Postal Service Courier Service
-
Amazon Locker - Geologist Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.84M
Owner & transaction history
La Fitness International LLC · 1 yrs held
La Fitness International LLC
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.0M
+0.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oakdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,920,000
6.5%
$6,385,000
7%
$5,930,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,930,000
Current use
WAREHOUSE, STORAGE
$8,000,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$7,850,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$6,820,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$4.84M
Range $4.35M – $5.32M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$107 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$214,594
Tax year 2024
Assessed value
$7,652,000
Assessed 2023
Previous assessed
$6,337,700
+20.7% YoY
Effective rate
2.80%
On assessed value
Assessed land
$2,098,100
Assessed improvement
$5,553,900
Land market value
$2,098,100
Improvement market value
$5,553,900
Total market value
$7,652,000
Applied tax rate
6,404.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
1
Total area
45,005 SF
Lot
4.6 ac (200,376 SF)
APN
17-029-21-31-0011
UPID
US46-0858324
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$8.0M
RETAIL STORES
Est. value
$7.9M
OFFICE BUILDING
Est. value
$6.8M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Buildings
1
Lot
4.6 ac
Current owner
From public records · entity-resolved
La Fitness International LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
La Fitness International LLC
Dps Oakdale LLC
Deed
$4,750,000 · Community Resource Bank NA
Jun 5, 2024
—
Fitness International LLC
Cole La Oakdale Mn LLC
Lease
—
Oct 14, 2010
$8,635,000
Cole La Oakdale Mn LLC
Dps Oakdale LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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