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    Property profile & analytics

    Rogers, MN 55374

    • Day care centers
    OFF-MARKET
    Last Sale
    Apr 10, 2025
    $3,100,000
    Value Estimations
    $2,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1558845
    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

    • Day care centers

    Property Details

    Year built
    2019
    Property type
    Day care centers
    APN
    14-120-23-41-0017
    APU
    1412023410017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.546
    Latitude
    45.2
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $425,000
      1.74 Acres

      20930 135th N Ave

      COMMERCIAL (GENERAL) • 1.74 Acres
      20930 135th N Ave, Rogers, MN 55374-4931
      View Details
    • Value Estimation
      $425,000
      2.91 Acres

      21480 147th N Ave

      INDUSTRIAL (GENERAL) • 2.91 Acres
      21480 147th N Ave, Rogers, MN 55374-9444
      View Details
    • Value Estimation
      $380,000
      1.50 Acres

      21421 Diamond Lk Rd

      COMMERCIAL (GENERAL) • 1.50 Acres
      21421 Diamond Lk Rd, Rogers, MN 55374-4500
      View Details
    • Value Estimation
      $500,000
      8.17 Acres

      20015 Diamond Lk Rd

      INDUSTRIAL (GENERAL) • 8.17 Acres
      20015 Diamond Lk Rd, Rogers, MN 55374-4985
      View Details
    • Value Estimation
      $395,000
      8.36 Acres

      21985 Diamond Lk Rd

      COMMERCIAL (GENERAL) • 8.36 Acres
      21985 Diamond Lk Rd, Rogers, MN 55374-4640
      View Details
    • Value Estimation
      $445,000
      9.21 Acres

      12975 George Weber Dr

      COMMERCIAL (GENERAL) • 9.21 Acres
      12975 George Weber Dr, Rogers, MN 55374-8972
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.09 Acres

      Prime Corcoran Commercial Land

      2.09 Acres, C-1 Zoning, High Traffic
      100 Ave, Maple Grove, MN 55374
      View Details
    • $379,060
      2,268 SF

      New Construction Townhome in Rogers

      New 3-bedroom, 2.5-bathroom townhome with modern design and open floorplan.
      23150 Willow Dr, Rogers, MN 55374
      View Details
    • $878,365

      Rogers, MN Land Parcel

      4.03 acre land parcel for sale in Rogers, MN.
      Commerce Blvd, Rogers, MN 55374
      View Details
    • $353,545

      New Construction Home Ready November

      Under construction home featuring an open layout and luxurious owner's suite.
      23175 Creekview Ct, Rogers, MN 55374
      View Details
    • Contact for pricing

      18 Acres with I-94 Frontage

      18+/- acres of commercial land with I-94 frontage.
      20061 Vevea Ln, Rogers, MN 55374
      View Details
    • $2,975,000
      5,193 SF

      Rogers, MN Retail Center

      High-Yield Triple-Net Lease Investment
      13135 Main St, Rogers, MN 55374
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,990 SF

      Retail Space in Rogers, MN

      Retail space available for lease in Rogers Commerce One.
      13690 Rogers Dr, Rogers, MN 55374
      View Details
    • Contact for pricing
      748 SF

      Rogers Office Space Available

      748 SF office space for lease or sublease.
      21308 John Milless Dr, Rogers, MN 55374
      View Details
    • $14 SF/Yr
      13,800 SF

      Rogers Warehouse Space For Lease

      13,800 square foot warehouse space available for lease.
      14295 James Rd, Rogers, MN 55374
      View Details
    • $17 SF/Yr
      1,100 SF

      Office Space with Separate Entrance

      Office space featuring a separate entrance and shared restroom.
      21151 John Milless Dr, Rogers, MN 55374
      View Details
    • $19 SF/Yr
      1,586 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space in Rogers Tech Center.
      21000 Church Ave, Rogers, MN 55374
      View Details
    • $16 SF/Yr
      1,504 SF

      Retail Space in Rogers, MN

      1,504 SF retail space available in Rogers, MN.
      21333-21351 John Milless Dr, Rogers, MN 55374
      View Details
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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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