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    Property profile & analytics

    8811 Cahill NE Ave Monticello, MN 55362

    • Warehouses
    • 7,920 SF
    • 30.29 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1675936
    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

    • Warehouses

    Property Details for 8811 Cahill NE Ave

    Year built
    2006
    Construction
    WOOD
    Lot size
    30.29 lot acres
    Property size
    7,920 SF
    Property type
    Warehouses
    APN
    213-100-201100
    APU
    213100201100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $803,000
      Market price range: $291k - $1.00M
      AI Estimate
      $612,000
      Market price range: $183k - $912k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $640,000
      Current use
      OFFICE BUILDING
      $1,050,000
      Change: +63% Conversion: Difficult
      RESTAURANT
      $1,035,000
      Change: +61% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $930,000
      Change: +44% Conversion: Easy
      RETAIL STORES
      $925,000
      Change: +44% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $825,000
      Change: +29% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $645,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wright
    State
    Minnesota
    Longitude
    -93.8495
    Latitude
    45.2794
    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
    2023
    $4,280
    $417,000
    $495,200
    $912,200
    -
    $417,000
    $495,200
    $912,200

    Comparable in this City

    • Value Estimation
      $755,000
      11,000 SF

      1335 Dundas Cir

      WAREHOUSE, STORAGE • 11,000 SF
      1335 Dundas Cir, Monticello, MN 55362-8434
      View Details
    • Value Estimation by Request
      1,800 SF

      9127 State Hwy 25th NE

      WAREHOUSE, STORAGE • 1,800 SF
      9127 State Hwy 25th NE, Monticello, MN 55362-9159
      View Details
    • Value Estimation by Request
      600 SF

      212 3rd St

      WAREHOUSE, STORAGE • 600 SF
      212 3rd St, Monticello, MN 55362-8793
      View Details
    • Value Estimation
      $870,000
      20,744 SF

      36 Dundas Rd

      MINI-WAREHOUSE, STORAGE • 20,744 SF
      36 Dundas Rd, Monticello, MN 55362-8903
      View Details
    • Value Estimation
      $650,000
      9,120 SF

      211 Dundas Rd

      WAREHOUSE, STORAGE • 9,120 SF
      211 Dundas Rd, Monticello, MN 55362-5500
      View Details
    • Value Estimation by Request
      2,000 SF

      115 Thomas Park Dr

      WAREHOUSE, STORAGE • 2,000 SF
      115 Thomas Park Dr, Monticello, MN 55362-8003
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      5,904 SF

      Monticello Industrial Building For Sale

      Industrial building in Monticello's industrial park with excellent regional access.
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    • $4,300,000
      63,100 SF

      Monticello Industrial Building For Sale

      63,100 SF industrial building on 4.06 acres.
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    • Contact for pricing
      10.00 Acres

      Albertville, MN Industrial Land

      10 Acres, I-94 Frontage, Shovel-Ready
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    • $2,349,000
      8,500 SF

      Monticello Commercial Building - Hwy 25

      High-Visibility Commercial Space, Ample Parking
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      7,994 SF

      Monticello Office Building For Sale

      7,994 SF office building, formerly veterinary and chiropractic clinic.
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    • $549,000
      29.00 Acres

      Wooded Acreage Near Lake Ida

      29+ acre wooded lot with ponds and wildlife near Monticello.
      B2/L4 Baker Ave NW, Monticello, MN 55362
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,200 SF

      Warehouse with Outdoor Storage

      7,200 SF warehouse with 1-acre outdoor storage for lease.
      1401 Fallon Ave NE, Monticello, MN 55362
      View Details
    • $5 SF/Yr
      8,398 SF

      Monticello Warehouse Space Available

      8,398 SF warehouse for lease with convenient I-94 access.
      406 E 7Th St, Monticello, MN 55362
      View Details
    • Contact for pricing
      1,500 SF

      Monticello Office Space For Rent

      Second-level office space with ample parking and central HVAC.
      113 Locust St, Monticello, MN 55362
      View Details
    • $0.25 SF/Yr

      Monticello Land: Hwy 25 Access

      2.78-Acre Vacant Land for Lease
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      View Details
    • Contact for pricing
      3,169 SF

      Highway Frontage Office Space

      Office space for lease with highway frontage and high visibility.
      4134 Deegan Ct, Monticello, MN 55362
      View Details
    • $25 SF/Yr
      3,614 SF

      Turnkey Medical Office Space Available

      Medical office space with patient rooms and convenient highway access.
      3880 Deegan Ave, Monticello, MN 55362
      View Details
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    Monticello, MN 55362
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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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