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

    7835 Main NE St Fridley, MN 55432-2525

    • Industrial properties
    • 27,055 SF
    • 2.88 lot acres
    OFF-MARKET
    Last Sale
    Feb 24, 2021
    $1,600,000
    Value Estimations
    $1,975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0725500
    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

    • Superior Aerospace Precision Machining / Machine Shop

    Property Details for 7835 Main NE St

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.88 lot acres
    Property size
    27,055 SF
    Property type
    Industrial properties
    APN
    02-30-24-33-0029
    APU
    23024330029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,895,000
      ML approach
      $1,885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,227,000
      Market price range: $1.60M - $3.65M
      AI Estimate
      $1,254,000
      Market price range: $582k - $2.22M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,505,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fridley
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2683
    Latitude
    45.1106
    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
    2024
    $54,295
    $467,100
    $1,695,800
    $2,162,900
    -
    $467,100
    $1,695,800
    $2,162,900

    Comparable in this City

    • Value Estimation
      $390,000
      19,200 SF

      7701 Main NE St

      INDUSTRIAL (GENERAL) • 19,200 SF
      7701 Main NE St, Fridley, MN 55432-2526
      View Details
    • Value Estimation
      $975,000
      1,099,189 SF

      7120 Hwy 65th NE

      INDUSTRIAL (GENERAL) • 1,099,189 SF
      7120 Hwy 65th NE, Fridley, MN 55432-3347
      View Details
    • Value Estimation
      $580,000
      17,800 SF

      8329 Central NE Ave

      INDUSTRIAL (GENERAL) • 17,800 SF
      8329 Central NE Ave, Spring Lake Park, MN 55432-1325
      View Details
    • Value Estimation
      $1,095,000
      539,671 SF

      7000 Central NE Ave

      INDUSTRIAL (GENERAL) • 539,671 SF
      7000 Central NE Ave, Fridley, MN 55432-3568
      View Details
    • Value Estimation
      $1,125,000
      106,249 SF

      140 81st NE Ave

      INDUSTRIAL (GENERAL) • 106,249 SF
      140 81st NE Ave, Fridley, MN 55432-1770
      View Details
    • Value Estimation
      $390,000
      18,715 SF

      7980 Ranchers NE Rd

      INDUSTRIAL (GENERAL) • 18,715 SF
      7980 Ranchers NE Rd, Fridley, MN 55432-1804
      View Details

    Similar Nearby for Sale

    • $700,000
      6,256 SF

      Fridley Warehouse Opportunity

      Warehouse in Fridley, Minnesota, near major highways and Mississippi River.
      160 Ely St NE, Fridley, MN 55432
      View Details
    • $1,600,000
      3,284 SF

      Remodeled Restaurant with Drive-Thru

      Turnkey restaurant with drive-thru, patio, and highway visibility.
      7601 Highway 65 NE, Fridley, MN 55432
      View Details
    • $2,218,487
      9,882 SF

      Retail Auto Repair Shop

      Retail auto repair shop located in Northtown Submarket.
      7710 University Ave NE, Minneapolis, MN 55432
      View Details
    • $150,000
      0.44 Acres

      Residential Lot in Fridley Neighborhood

      0.44-acre residential lot in a quiet Fridley neighborhood.
      Xxxxx Pearson Way NE, Fridley, MN 55432
      View Details
    • $1,875,000
      13,500 SF

      Fridley Retail Space - 1.5 Acres

      High-traffic retail space, 13,500 sq ft.
      7331 Baker St, Fridley, MN 55432
      View Details
    • $500,000
      2,900 SF

      Fridley Office Building For Sale

      Two-story office building with separate entrances in Fridley, Minnesota.
      1299 Mississippi St NE, Fridley, MN 55432
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,420 SF

      Renovated Flex Space Available

      Flex space with showroom, warehouse, and highway access.
      8409-8421 Center Dr NE, Spring Lake Park, MN 55432
      View Details
    • Contact for pricing
      250,224 SF

      Fridley Warehouse Space Available

      250,224 square foot warehouse space for lease in Fridley.
      7350 Commerce Ln NE, Fridley, MN 55432
      View Details
    • Contact for pricing
      6,424 SF

      Fridley Industrial Flex Space

      High-demand industrial space in central Fridley with flexible lease terms.
      7871-7891 Hickory St NE, Fridley, MN 55432
      View Details
    • Contact for pricing
      5,500 SF

      Spring Lake Park Flex Space

      Flex space available for lease in Spring Lake Park.
      1630 County Highway 10, Spring Lake Park, MN 55432
      View Details
    • $7 SF/Yr
      5,820 SF

      Fridley Warehouse Space Available

      Office/warehouse space available now in Fridley, Minnesota.
      1290 Osborne Rd NE, Fridley, MN 55432
      View Details
    • $11 SF/Yr
      9,095 SF

      Fridley Warehouse Space Available

      9,095 SF warehouse space for lease in Fridley, MN.
      7250-7280 Commerce Cir, Fridley, MN 55432
      View Details
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    7835 Main NE St
    Fridley, MN 55432-2525
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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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