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Property profile & analytics
OFF-MARKET
Flex space
7957 College Rd Baxter, MN 56425-8630
Entity Owned
Absentee Owner
Free & Clear
Property ID
US46-0906368
Property summary
AI-generated overview
This exceptional 4,320 square foot owner-user or investment opportunity is situated in the desirable Baxter Industrial Park at 7957 College Rd, Baxter, MN 56425. The property, built in 1999, sits on a 1.24-acre lot and boasts a flexible layout ideal for a variety of businesses. The building is easily divisible, featuring front office space and a rear warehouse area complete with convenient drive-in doors. Ceiling heights range from 9 to 14 feet, providing ample vertical space. Ample parking is available with 25 spaces on-site. The property is zoned I-Industrial Office, offering versatility for various uses. Its prime location at the College Road & Cypress Drive roundabout ensures high visibility and easy accessibility. The property's APN is 40080627; 032050050030009. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Minnesota market. The asking price is $499,000.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Total area
4,160 SF
Lot
1.25 ac (54,354 SF)
APN
40080627
UPID
US46-0906368
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
LAKES HOLDINGS LLC
LAKES HOLDINGS LLC
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
$13,954
Tax year 2023
Assessed value
$387,200
Assessed 2023
Previous assessed
$327,700
+18.2% YoY
Effective rate
3.60%
On assessed value
Assessed land
$133,600
Assessed improvement
$253,600
Land market value
$133,600
Improvement market value
$253,600
Total market value
$387,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Buildings
3
Total area
4,160 SF
Lot
1.25 ac (54,354 SF)
APN
40080627
UPID
US46-0906368
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
1999
Heating
FORCED AIR
Buildings
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
LAKES HOLDINGS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1905 W GULL RIV RD SW, PILLAGER, MN 56473-2276
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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