Laserfiche WebLink
Capitalization Rates from Comparable Sales <br /> We present details on the individual cap rate comparables below. <br /> CAPITALIZATION RATES <br /> Property Property Type Year Built Sale Date Sale Price/SF NOI/SF Cap Rate <br /> Ham Lake Retail Center Commercial/Retail 1998 Jan-14 $67.66 $6.77 10.00% <br /> 16210-16230 Aberdeen Street NE <br /> Ham Lake,MN 55304 <br /> Boulevard Center Commercial/Retail 1965 Aug-13 $113.57 $5.77 9.97% <br /> 6211-6225 Brooklyn Blvd <br /> Brooklyn Center,MN 55429 <br /> Albertville Plaza Retail Center 2001 Aug-16 $94.11 $9.92 8.50% <br /> 11011 61st Street NE <br /> Albertville, MN 55301 <br /> Family Dollar/O'Reilly's Retail Center 2004 Jun-15 $120.00 $8.29 7.75% <br /> 180 Jefferson Boulevard <br /> Big Lake,MN 55309 <br /> Jefferson Plaza Retail Center 2002 Dec-15 $145.03 $6.47 8.34% <br /> 8501-8511 Jefferson Lane N <br /> Brooklyn Park,MN 55445 <br /> Retail Center Commercial/Retail 1985 Jul-15 - - 8.30% <br /> 601 125th Avenue NE <br /> Blaine,MN 55434 <br /> Retail Center Commercial/Retail 2007 Nov-14 - - 9.00% <br /> 15704 90th Street NE <br /> Otsego,MN 55330 <br /> Rogers Marketplace Commercial/Retail 2005 Feb-13 $63.46 $6.35 10.00% <br /> 21135 South Diamond Lake Road <br /> Rogers,MN 55374 <br /> Retail Center Commercial/Retail 2005 Jul-14 - - 7.75% <br /> 1966 Bunker Lake Blvd NW <br /> Andover MN 55304 <br /> Min: 7.75% <br /> Max: 10.00% <br /> Average: 8.85% <br /> Median: 8.50% <br /> Capitalization Rate Conclusions <br /> To reconcile the results of the three methods, considering the investment risks associated with <br /> the subject property in its "as-stabilized" condition, we conclude a capitalization rate of 9.00% <br /> for the subject. <br /> 104 1 Page <br />