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    900 Mckinley St Anoka, MN 55303
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    Property profile & analytics

    900 Mckinley St Anoka, MN 55303

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    • Industrial properties
    • 48,840 SF
    • 4.36 lot acres
    For Sale
    $5,100,000
    View Listing →
    Anoka Warehouse with Excess Land For Sale
    $5,100,000
    45,840 SF

    Anoka Warehouse with Excess Land

    45,840 SF warehouse with dock and drive-in loading.

    900 McKinley St, Anoka, MN
    View Listing
    Property ID
    US46-0950502
    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

    • Midwest Fixture Group / Factory / Production Facility

    Property Details for 900 Mckinley St

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.36 lot acres
    Property size
    48,840 SF
    Zone code
    M-1
    Property type
    Industrial properties
    APN
    35-32-25-41-0018
    APU
    353225410018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,062,000
      Market price range: $4.06M - $5.85M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,615,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Anoka
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.4103
    Latitude
    45.2169
    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
    2024
    $107,677
    $475,000
    $3,579,100
    $4,054,100
    -
    $475,000
    $3,579,100
    $4,054,100

    Comparable in this City

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      646,199 SF

      2100 Hoffman Way

      INDUSTRIAL (GENERAL) • 646,199 SF
      2100 Hoffman Way, Anoka, MN 55303-1738
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    • Value Estimation
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      108,542 SF

      1220 Lund Blvd

      INDUSTRIAL (GENERAL) • 108,542 SF
      1220 Lund Blvd, Anoka, MN 55303-1092
      View Details
    • Value Estimation
      $1,630,000
      16,200 SF

      6601 Mckinley NW St

      INDUSTRIAL (GENERAL) • 16,200 SF
      6601 Mckinley NW St, Ramsey, MN 55303-4302
      View Details
    • Value Estimation
      $1,110,000
      12,560 SF

      13900 Radium NW St

      INDUSTRIAL (GENERAL) • 12,560 SF
      13900 Radium NW St, Ramsey, MN 55303-9140
      View Details
    • Value Estimation
      $11,905,000
      166,230 SF

      14601 Ramsey NW Blvd

      INDUSTRIAL (GENERAL) • 166,230 SF
      14601 Ramsey NW Blvd, Ramsey, MN 55303-6024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,870 SF

      Industrial Property with Crane Access

      Industrial facility featuring cranes, new roof, and geothermal efficiency.
      6220 Mckinley St NW, Ramsey, MN 55303
      View Details
    • $5,975,000
      60,540 SF

      60,540 SF Ramsey Warehouse

      60,540 SF warehouse with mezzanine office and highway access.
      6190 Mckinley St NW, Ramsey, MN 55303
      View Details
    • Contact for pricing
      45,840 SF

      Anoka Warehouse with Excess Land

      45,840 SF warehouse with dock and drive-in loading.
      900 Mckinley St, Anoka, MN 55303
      View Details
    • $495,000

      Land Available in Anoka

      Land for sale located off St. Francis Boulevard, Anoka.
      19477 Saint Francis Blvd NW, Anoka, MN 55303
      View Details
    • $139,900
      2.00 Acres

      Oak Grove Treed Residential Lots

      Two-acre residential lots in a matured, treed development.
      22783 Jivaro St NW, Oak Grove, MN 55303
      View Details
    • $380,000
      3.60 Acres

      Ramsey Land Investment Opportunity

      Land for future development in Ramsey, Minnesota.
      14xxx Sunfish Lake Blvd NW, Ramsey, MN 55303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ramsey Warehouse Space Available

      Warehouse space for rent at Bunker Lake Boulevard, Ramsey, MN.
      8297 Bunker Lake Blvd, Ramsey, MN 55303
      View Details
    • Contact for pricing
      10,865 SF

      13950 Radium St NW, Ramsey, MN 55303

      Flex space • 10,865 SF
      13950 Radium St NW, Ramsey, MN 55303
      View Details
    • Contact for pricing
      71,247 SF

      Ramsey Warehouse Space Available Now

      71,247 SF warehouse space with docks and drive-in doors.
      8367 Bunker Lake Blvd, Ramsey, MN 55303
      View Details
    • Contact for pricing
      Pending

      Anoka Industrial Property For Rent

      Industrial and manufacturing space available for lease in Anoka.
      900 Mckinley St, Anoka, MN 55303
      View Details
    • Contact for pricing
      14,440 SF

      Ramsey Warehouse with Outdoor Storage

      Warehouse space with fenced outdoor storage and dock doors.
      6390 Mckinley St NW, Ramsey, MN 55303
      View Details
    • Contact for pricing
      42,000 SF

      Ramsey Warehouse Space Available Now

      42,000 SF warehouse space with 6 docks and 28' clear height.
      8297 Bunker Lake Blvd, Ramsey, MN 55303
      View Details
    View Listing
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    Anoka, MN 55303
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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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