Property profile

8443 University NE Ave Spring Lake Park, MN 55432

OFF-MARKET
Commercial real estate
Property ID
US46-0437437
4,818 SF 1.19 ac lot Built 1995
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1995
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,818 SF
Lot 1.19 ac (51,975 SF)
APN 02-30-24-21-0159
UPID US46-0437437

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop

Location

8443 University NE Ave Spring Lake Park, MN 55432-1165
Spring Lake Park metro Census 51002 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
$835k
Comparable Approach Comparable
$680k
Blend (final) Blend
$965k

Owner & transaction history

since 2023
Last sale
$875,000
6 recorded transactions
2023
$875,000
2021
Price N/A
2020
$500
2017
$346,740
2016
$435,000
2007
$355,222

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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