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    816 Minnesota Ave Walker, MN 56484
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    816 Minnesota Ave Walker, MN 56484

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    • Retail properties & Spaces
    • 1,728 SF
    • 0.02 lot acres
    Off-Market
    Property ID
    US46-1162642
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 816 Minnesota Ave

    Year built
    1970
    Lot size
    0.02 lot acres
    Property size
    1,728 SF
    Property type
    Retail properties & Spaces

    Description

    This 1,728 square foot retail property located at 816 Minnesota Avenue W, Walker, MN, presents a unique commercial opportunity. Boasting 371 feet of highway frontage, this location ensures high visibility and significant traffic exposure, ideal for a variety of businesses. The property sits on a 0.02-acre lot and includes a substantial 24x34 foot storage garage, offering ample space for inventory, equipment, or additional storage needs. The existing structure presents a versatile canvas for a prospective buyer. Its current configuration offers potential for immediate occupancy and operation of a retail business, or it could be remodeled to create a residential space, subject to local zoning regulations and permits. The possibilities are numerous, making this an exceptional investment opportunity in a vibrant community. The asking price is $199,730. Serious inquiries are encouraged to explore the full potential of this remarkable property. Don't miss this chance to own a piece of Walker's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Walker
    County
    Cass
    State
    Minnesota
    Longitude
    -94.58821
    Latitude
    47.10174

    Comparable in this City

    • $650,000
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      Downtown Walker Retail/Office Investment

      9,200 sq ft retail/office space in downtown Walker.
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      Residential Lot in Walker, MN

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      Commercial Property Near Walker, MN

      Commercial property with storage units, office, and shop space.
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      Wooded Lot Near Leech Lake

      Wooded city lot near Leech Lake and downtown Walker, MN.
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      Shoreline Lot on Templar Point

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    Similar Nearby for Sale

    • $650,000
      9,200 SF

      Downtown Walker Retail/Office Investment

      9,200 sq ft retail/office space in downtown Walker.
      609 Minnesota Ave W, Walker, MN 56484
      View Details
    • $79,000
      0.16 Acres

      Residential Lot in Walker, MN

      Residential lot with harbor slip near Leech Lake.
      8809 Kabekona Ridge Dr NW, Walker, MN 56484
      View Details
    • Contact for pricing
      0.51 Acres

      Half Acre Wooded Lot

      Half acre wooded lot near Leach Lake and Walker, MN.
      Tbd Blue Water Bch Rd, Walker, MN 56484
      View Details
    • New
      $595,000
      8,000 SF

      Commercial Property Near Walker, MN

      Commercial property with storage units, office, and shop space.
      8055 Sautbine Rd NW, Walker, MN 56484
      View Details
    • $34,200
      0.05 Acres

      Wooded Lot Near Leech Lake

      Wooded city lot near Leech Lake and downtown Walker, MN.
      704 5Th St, Walker, MN 56484
      View Details
    • $265,000
      2.25 Acres

      Shoreline Lot on Templar Point

      2.25-acre south-facing shoreline lot on Templar Point, Walker, MN.
      Tbd Lot D Ann Marie Ln NW, Walker, MN 56484
      View Details
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    816 Minnesota Ave
    Walker, MN 56484
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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.

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