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    Property profile & analytics

    9200 Hudson N Blvd Lake Elmo, MN 55042-9723

    • Warehouses
    • 82,350 SF
    • 9.95 lot acres
    OFF-MARKET
    Value Estimations
    $10,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0235577
    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 9200 Hudson N Blvd

    Year built
    2017
    Lot size
    9.95 lot acres
    Property size
    82,350 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    34-029-21-33-0005
    APU
    3402921330005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,795,000
      6.5%
      $10,885,000
      7%
      $10,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,437,000
      Market price range: $9.31M - $20.7M
      AI Estimate
      $9,595,000
      Market price range: $3.01M - $19.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $14,640,000
      Current use
      COMMERCIAL (GENERAL)
      $14,505,000
      Change: -1% Conversion: Difficult
      RETAIL STORES
      $14,360,000
      Change: -2% Conversion: Moderate
      OFFICE BUILDING
      $12,480,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elmo
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9206
    Latitude
    44.9508
    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
    $150,876
    $2,105,900
    $3,196,200
    $5,302,100
    -
    $2,105,900
    $3,196,200
    $5,302,100

    Comparable in this City

    • Value Estimation by Request

      9498 4th N St

      MINI-WAREHOUSE, STORAGE
      9498 4th N St, Lake Elmo, MN 55042-4537
      View Details
    • Value Estimation by Request
      2,928 SF

      11090 Uppr 33rd N St

      MINI-WAREHOUSE, STORAGE • 2,928 SF
      11090 Uppr 33rd N St, Lake Elmo, MN 55042-9479
      View Details
    • Value Estimation
      $850,000
      4.70 Acres

      Lake

      MINI-WAREHOUSE, STORAGE • 4.70 Acres
      Lake, Elmo, MN 55042
      View Details
    • Value Estimation
      $850,000
      1,118 SF

      9109 60th N St

      MINI-WAREHOUSE, STORAGE • 1,118 SF
      9109 60th N St, Lake Elmo, MN 55042-9556
      View Details
    • Value Estimation
      $2,215,000
      3,472 SF

      Lake

      COM AUTO TRANS/STORAGE • 3,472 SF
      Lake, Elmo, MN 55042
      View Details
    • Value Estimation
      $25,435,000
      149,100 SF

      11190 Hudson N Blvd

      DISTRIBUTION WAREHOUSE • 149,100 SF
      11190 Hudson N Blvd, Lake Elmo, MN 55042-4538
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      82,570 SF

      Lake Elmo School Opportunity

      Operating school in growing area, available Spring 2026.
      11030 Stillwater Blvd N, Lake Elmo, MN 55042
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      Commercial Land Near Inwood Avenue

      1.93 acre commercial land parcel for retail or office.
      8607 5Th St N, Lake Elmo, MN 55042
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      22,932 SF

      Lake Elmo Retail Opportunity

      Retail property for sale in Lake Elmo, Minnesota.
      11144 Stillwater Blvd N, Lake Elmo, MN 55042
      View Details
    • $2,400,000
      78.38 Acres

      Lake Elmo Land Opportunity

      Large residential land parcel available in Lake Elmo, Minnesota.
      2298 Inwood Ave N, Lake Elmo, MN 55042
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    • Contact for pricing

      Land Available For Mixed Use

      Land suitable for commercial, residential, and office development.
      32Nd St N, Oakdale, MN 55042
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      Lake Elmo Commercial Land Available

      Commercial land in Lake Elmo, available May 2025.
      Stillwater Blvd, Lake Elmo, MN 55042
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    Similar Nearby for Lease

    • Contact for pricing
      30,308 SF

      Lake Elmo Warehouse Spaces

      Warehouse spaces available for lease in Lake Elmo, Minnesota.
      3481 Laverne Ave, Lake Elmo, MN 55042
      View Details
    • Contact for pricing
      3,825 SF

      Lake Elmo Flex Space

      Flex space available in Lake Elmo, built in 2022.
      11160 Hudson Blvd N, Lake Elmo, MN 55042
      View Details
    • Contact for pricing
      2,141 SF

      Second Floor Office Suite

      Office suite featuring private offices, reception, and conference room.
      600 Inwood Ave, Oakdale, MN 55042
      View Details
    • Contact for pricing
      4,316 SF

      Class A Medical Office Space

      Medical office building with high visibility and convenient patient access.
      8650 Hudson Blvd N, Lake Elmo, MN 55042
      View Details
    • Contact for pricing
      2,487 SF

      Lake Elmo Office Suites

      Office suites available for lease in Lake Elmo, MN.
      8519 Eagle Point Blvd, Lake Elmo, MN 55042
      View Details
    • Contact for pricing
      3,456 SF

      Lake Elmo Office Space Available

      Class A office space with great access and visibility.
      8515 Eagle Point Blvd, Lake Elmo, MN 55042
      View Details
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    Lake Elmo, MN 55042-9723
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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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