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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7812 Chandler Ln Inver Grove Heights, MN 55076-4564

    • Apartment buildings
    • 4,113 SF
    • 3.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0586940
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 7812 Chandler Ln

    Year built
    1995
    Lot size
    3.14 lot acres
    Property size
    4,113 SF
    Property type
    Apartment buildings
    APN
    20-36510-01-010
    APU
    203651001010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Inver Grove Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0373
    Latitude
    44.8365
    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
    $0.00
    $327,500
    $3,213,300
    $3,540,800
    -
    $327,500
    $3,213,300
    $3,540,800

    Comparable in this City

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    • Value Estimation
      $755,000
      8,208 SF

      5918 Candace Ave

      APARTMENT HOUSE (100+ UNITS) • 8,208 SF
      5918 Candace Ave, Inver Grove Heights, MN 55076-4483
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      18,514 SF

      7071 Concord Blvd

      APARTMENT HOUSE (5+ UNITS) • 18,514 SF
      7071 Concord Blvd, Inver Grove Heights, MN 55076-4213
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    • Value Estimation
      $2,085,000
      68,824 SF

      6020 Cahill Ave

      APARTMENT HOUSE (5+ UNITS) • 68,824 SF
      6020 Cahill Ave, Inver Grove Heights, MN 55076-1242
      View Details
    • Value Estimation
      $730,000
      5,184 SF

      6291 Cahill Ave

      APARTMENT HOUSE (5+ UNITS) • 5,184 SF
      6291 Cahill Ave, Inver Grove Heights, MN 55076
      View Details
    • Value Estimation by Request
      3,200 SF

      7575 Cloman Way

      APARTMENT HOUSE (5+ UNITS) • 3,200 SF
      7575 Cloman Way, Inver Grove Heights, MN 55076-3189
      View Details

    Similar Nearby for Sale

    • $1,325,000
      6.03 Acres

      Inver Grove Heights Development Land

      6.3 acres of land approved for 220 apartment units.
      6050 Cahill Ave, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      1,240 SF

      Updated Condo with Modern Amenities

      Well-maintained 2-bedroom, 2-bathroom condo with recent upgrades and modern amenities.
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      Updated Townhome with Modern Amenities

      One-level townhome with updates, convenient location, and modern amenities.
      8550 Corcoran Path, Inver Grove Heights, MN 55076
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      Land for Sale

      Land available for sale in Inver Grove Heights, MN.
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      Commercial Land Near Highway Access

      Commercial land with highway access suitable for office or medical use.
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    • $450,000
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      Residential Land in Inver Grove Heights

      Residential land for development in a picturesque Inver Grove Heights neighborhood.
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    Similar Nearby for Lease

    • Contact for pricing
      7,902 SF

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      Retail properties
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      Prime Office Space, Dakota County, MN
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      1,900 SF

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      Retail space available near Highways 55, 52, and Broderick Boulevard.
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      Inver Grove Heights Medical Office Space

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      18,262 SF

      Inver Grove Heights Clinical Space

      18,262 SF clinical space available for sublease in Inver Grove Heights.
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    • Contact for pricing
      72,738 SF

      Inver Grove Heights Warehouse Space

      Warehouse/industrial space available for lease in Inver Grove Heights, MN.
      6240-6250 Carmen Ave E, Inver Grove Heights, MN 55076
      View Details
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    7812 Chandler Ln
    Inver Grove Heights, MN 55076-4564
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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.

    More about this property
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