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Property profile & analytics
OFF-MARKET
Office Spaces
7656 Design Rd, Baxter, MN 56425-8675
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US46-0509324
Property summary
AI-generated overview
This exceptional investment opportunity presents a 5,806 square foot executive office building located at 7656 Design Road, Baxter, Minnesota, 56425. The property, built in 1995, sits on a 0.24-acre lot and boasts a 9-foot ceiling height. Currently 100% occupied with a strong tenant roster including Bolten & Menk and HearingLife, this property offers a compelling 8.76% cap rate. The building is part of a four-building professional office park, conveniently situated between Highway 371 and Golf Course Drive, providing excellent access and visibility. The property is zoned C-2 Regional Commercial, allowing for a variety of uses. The current lease is a NNN lease with a remaining term of five years, expiring March 30, 2030. The asking price is $850,000. This well-maintained property is situated in a thriving area experiencing significant growth and economic development, making it an ideal investment for discerning buyers seeking strong returns and long-term stability. The property's APN is 40050606 : 031870020010009.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Total area
5,806 SF
Lot
0.24 ac (10,508 SF)
APN
40050606
UPID
US46-0509324
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Baxter Group Investments LLC
Baxter Group Investments LLC
since 2026
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Baxter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baxter 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,786
Tax year 2023
Assessed value
$541,500
Assessed 2023
Previous assessed
$399,000
+35.7% YoY
Effective rate
1.99%
On assessed value
Assessed land
$89,200
Assessed improvement
$452,300
Land market value
$89,200
Improvement market value
$452,300
Total market value
$541,500
Applied tax rate
3.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1992
Heating
NONE
Total area
5,806 SF
Lot
0.24 ac (10,508 SF)
APN
40050606
UPID
US46-0509324
Jurisdiction
CROW WING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Baxter Group Investments LLC
Entity
Mailing address
2800 BIRCHWOOD DR NE, BEMIDJI, MN 56601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
$850,000
Baxter Group Investments LLC
Nisswa Lake Investments LLC
Warranty Deed
$500,000 · Royal Cu
Jan 8, 2025
$810,000
Nisswa Lake Investments LLC
Fiviolma 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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