Back to Search
Property profile & analytics
FOR LEASE
Industrial properties
8811 92Nd St S Cottage Grove, MN 55016
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1060780
.JPG)
For Lease
1 / 2
$12 SF/Yr
8811 92Nd St S, Cottage Grove, MN 55016
View Listing →
Property summary
AI-generated overview
This exceptional 0.78-acre commercial land parcel, located at 8811 92nd St S in Cottage Grove, Minnesota (zip code 55016), presents a unique investment opportunity. Zoned for mixed use (Mixed Use, PUD), this property offers unparalleled flexibility for a variety of development options, including office, retail, flex space, showroom, or multi-family uses. The 8,023 square foot lot is priced at $250,000, or $7.32 per square foot. Built in 2001, the property boasts convenient access to Highway 61, placing it within a high-traffic area near major national retailers and established residential neighborhoods. Utilities are readily available on-site, and the land is pad-ready, minimizing development hurdles and accelerating project timelines. The property's APN is 21.027.21.14.0019. This prime location and versatile zoning make this an ideal investment for developers seeking a strategic foothold in a thriving Minnesota market. The property is situated in Washington County.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
8,023 SF
APN
21-027-21-14-0081
UPID
US46-1060780
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
Current use
Occupant on record · Public records
-
Dr. Thomas W. Waldron, DDS Dental Office
-
Grove Endodontics Dental Office
-
Courage Kenny Sports & Physical Therapy - Cottage Grove Medical Clinic
-
Chanda D. Cunniff, DPT Medical Clinic
-
Elizabeth Schroeder Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$730k
Owner & transaction history
8811 COTTAGE GROVE LLC
8811 COTTAGE GROVE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+66.2%
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 Cottage Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cottage Grove 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$730,000
Current use
OFFICE BUILDING
$1,215,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
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
$44,168
Tax year 2023
Assessed value
$1,477,700
Assessed 2022
Previous assessed
$1,368,300
+8.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$451,500
Assessed improvement
$1,026,200
Land market value
$451,500
Improvement market value
$1,026,200
Total market value
$1,477,700
Applied tax rate
1,904.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2001
Heating
NONE
Total area
8,023 SF
APN
21-027-21-14-0081
UPID
US46-1060780
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$730,000
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Current owner
From public records · entity-resolved
8811 COTTAGE GROVE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3059 JOPPA AVE S, SAINT LOUIS PARK, MN 55416-4458
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
