1408 Hastings Ave, Newport, MN 55055 - Valuation report, cap rates, free data
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1408 Hastings Ave, Newport, MN 55055

Indicative value *
$0.1M - $0.1M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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C
Overall location
score
38
Value decline
risk score
38
Value growth
potential score
  • On a highway, highway score is 98 (out of 100)
  • Mix of residential and commercial buildings with 58% of people residing in the area and 42% commuting here for work
  • A number of amenities in the area, but not many
  • Medium household income of $54,431/year in 0.3mi and $71,537/year in 3mi
  • Population has average level of education with 21% of people with bachelor degrees
  • A number of amenities within walking distance but not many, including restaurants Burger King
  • Not popular area with foot traffic score of 0 (out of 100)
  • Low retail growth
  • Low population density of 926/sq.mi. in 0.3mi and 1,814/sq.mi. in 3mi
  • Limited public transit with transit score of 2 (out of 100)
  • Limited business growth
  • Small-sized business tenants in the area, including Diversified Manufacturing, Wilson Lines Of Minnesota Inc., Loupat Corp., Midamerica Holdings Ltd., Michael J. Roscher D.d.s. P.a., Twin Cities Logistics I Inc, Amerect Inc, Fay's Newport Style Salon
  • USA / Minnesota / 55055 / 1408 Hastings Ave, Newport, MN 55055, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    1232
    405
    1.64
    01/31/20
    Retail
    1064
    70
    8.34
    01/28/19
    Retail
    1316
    196
    3.8
    12/24/18
    Retail
    1232
    365
    1.82
    12/11/18
    Retail
    1632
    140
    4.53
    05/01/18
    Retail
    1472
    135
    5.78
    04/26/18
    Retail
    1644
    133
    5.33
    03/26/18
    Retail
    1766
    203
    3.89
    08/14/17
    Retail
    1408
    134
    6.09
    01/10/17
    Retail
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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    Name
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    National Headcount
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    Retail Landscape

    Foot traffic

    Population Density

    Income

    Business Density

    Salaries

    Highways

    Public Transit

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