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Property profile & analytics
OFF-MARKET
Warehouses
944 Industrial Park SE Dr Bemidji, MN 56601-5424
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-2075367
Property summary
AI-generated overview
This exceptional 6,000-square-foot warehouse and shop space is ideally situated in Bemidji's Industrial Park (944 Industrial Park Drive SE, Bemidji, MN 56601). The property boasts a single-tenant occupancy, offering 6,000 square feet of vacant space ready for immediate use. Built in 1995, the building features a 20-foot ceiling height, two drive-in doors, and includes 640 square feet of office space with mezzanine storage. Heating is provided by radiant heat in the warehouse/shop and forced air in the office. Security is enhanced by complete perimeter fencing with remote-controlled gates. The expansive 3.52-acre lot also includes a 24x60 lean-to, perfect for cold storage. The property is zoned Industrial (APN: 800449500) and has an annual tax cost of $1.13 per square foot. Three 18' wide x 16' high overhead doors provide ample access. This turnkey operation is ready for your business. The property is located in Bemidji, Beltrami County, Minnesota.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
WOOD
Total area
5,800 SF
Lot
2.35 ac (102,230 SF)
APN
80.04495.00
UPID
US46-2075367
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bjerke Investments LLC · 3 yrs held
Bjerke Investments LLC
since 2022
Last sale
$450,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bemidji submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bemidji 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,092
Tax year 2024
Assessed value
$277,000
Assessed 2024
Previous assessed
$277,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$94,700
Assessed improvement
$182,300
Land market value
$94,700
Improvement market value
$182,300
Total market value
$277,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
RADIANT
Total area
5,800 SF
Lot
2.35 ac (102,230 SF)
APN
80.04495.00
UPID
US46-2075367
Jurisdiction
BELTRAMI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
RADIANT
Lot
2.35 ac
Current owner
From public records · entity-resolved
Bjerke Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5487 HART LN NW, BEMIDJI, MN 56601-9536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
$450,000
Bjerke Investments LLC
Nordic Land Bemidi LLC
Warranty Deed
—
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.
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