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    9058 Buchanan Trl Inver Grove Heights, MN 55076-3554
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    Property profile & analytics

    9058 Buchanan Trl, Inver Grove Heights, MN 55076-3554

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    • Assisted living facilities
    • 25,618 SF
    • 1.84 lot acres
    Off-Market
    Property ID
    US46-0524196
    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
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 9058 Buchanan Trl

    Year built
    2010
    Lot size
    1.84 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    20-11866-01-020
    APU
    201186601020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 3, 2013 — Inver Grove Heights Wp II LLC — Deed Of Trust · related $7.6M · Federal Home Loan Mortgage Cor
    Dec 13, 2012 $6,706,682 Inver Grove Heights Wp II LLC Cg Wpsl Igh II LLC Warranty Deed —
    Nov 9, 2009 $1,112,384 Cg Wpsl Igh II LLC Brode-90 LLC Warranty Deed $5.6M · Royal Cu
    — — Cg Wpsl Igh II LLC — Deed Of Trust · related $6M · Royal Cu
    — — Inver Grove Heights Wp II LLC — Deed Of Trust · related $7.6M · Grandbridge Real Est Capital
    — — Brode-90 LLC — Deed Of Trust · related $371k · 21st Century Bank
    — — Brode-90 LLC — Deed Of Trust · related $618k · 21st Century Bank
    — — Brode-90 LLC — Deed Of Trust · related $371k · 21st Century Bank
    — — Brode-90 LLC — Deed Of Trust · related $610k · 21st Century Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $633,000
      Market price range: $156k - $633k

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $400,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Inver Grove Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0438
    Latitude
    44.8191
    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
    $55,220
    $508,200
    $3,903,900
    $4,412,100
    -
    $508,200
    $3,903,900
    $4,412,100

    Comparable in this City

    • Value Estimation
      $1,020,000
      72,350 SF

      9056 Buchanan Trl

      HOMES (RETIRED, NURSING)
      9056 Buchanan Trl, Inver Grove Heights, MN 55076-3549
      View Details
    • Value Estimation
      $1,220,000
      76,823 SF

      6307 Burnham Cir

      HOMES (RETIRED, NURSING)
      6307 Burnham Cir, Inver Grove Heights, MN 55076-1666
      View Details
    • Value Estimation by Request
      9,210 SF

      5891 Carmen Ave

      HOMES (RETIRED, NURSING)
      5891 Carmen Ave, Inver Grove Heights, MN 55076-4414
      View Details
    • Value Estimation by Request
      45,000 SF

      5870 Blaine Ave

      Retail properties & Spaces
      5870 Blaine Ave, Inver Grove Heights, MN 55076
      View Details
    • Value Estimation by Request
      0.99 Acres

      Inver Grove

      COMMERCIAL (GENERAL)
      Inver Grove, Heights, MN 55076
      View Details
    • Value Estimation
      $1,010,000
      8,922 SF

      8360 Bravo Way

      APARTMENT HOUSE (5+ UNITS)
      8360 Bravo Way, Inver Grove Heights, MN 55076-3562
      View Details

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      Inver Grove Heights Land Parcel

      0.96 acre commercial land parcel in Inver Grove Heights.
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      Commercial Land in Desirable Location

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    Similar Nearby for Lease

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      1,976 SF

      Retail Space Near Major Retailers

      Retail space available near Highways 55, 52, and Broderick Boulevard.
      9041-9061 Broderick Blvd, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Retail Space in Inver Grove

      Retail spaces available with high traffic and established co-tenants.
      9070 Buchanan Trl, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      1,965 SF

      Retail Space in Inver Grove

      Retail spaces available with high traffic and established co-tenants.
      9070-9092 Buchanan Trl, Inver Grove Heights, MN 55076
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      Retail Space Near Highway Intersection

      Retail space available near major retailers and highway intersection.
      9041 Broderick Blvd, Inver Grove Heights, MN 55076
      View Details
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      Inver Grove Heights Warehouse Space

      Warehouse space available for lease in Inver Grove Heights, MN.
      6240 Carmen Ave East, Inver Grove Heights, MN 55076
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      2,060 SF

      Retail Space in Cahill Plaza

      Retail space for lease in Inver Grove Heights, Minnesota.
      7804-7834 Cahill Ave, Inver Grove Heights, MN 55076
      View Details
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    Inver Grove Heights, MN 55076-3554
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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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