Albert Lea

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2409 Myers Rd, Albert Lea, MN 56007

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Site Name

2409 Myers Rd, Albert Lea, Mn 56007

Current Infrastructure

Cell Towers

SiteBid ID #

492603

Published Date

May 6, 2024

Modified Date

May 6, 2024

Data Accuracy

0.000

Site Description

2409 Myers Rd, Albert Lea, Mn 56007 is a Industrial property with a cell tower antenna structure. The site offers a 87120 sqft lot area and has a Freeborn County APN # of 34.070.0181. See the wireless lease estimate for this site and search for cell towers nearby.

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Site Name

2409 Myers Rd, Albert Lea, Mn 56007

Address

2409 Myers Rd

County of Record

Freeborn County

City

Albert Lea

State / Province

Zip Code

56007

Latitude:

43.619679

Longitude:

-93.350096

Country

United States

Parcel # (APN)

34.070.0181

FIPS Code

27,047

Census Tract

27,047,180,600

Zoning

I-2

Census Data

The property located at 2409 Myers Rd is situated in Freeborn County, Minnesota and has a block FIPS # of 270471806004015. Here is the most recent census data from the 2020 US Census report:

Block FIPS: 270471806004015

County FIPS: 27047

County Name: Freeborn County

State FIPS: 27

State Name: Minnesota

Block Population (2020): 0

AMT: AMT004

BEA: BEA107
BTA: BTA378
CMA: CMA491
EAG: EAG704
IVM: IVM491
MEA: MEA020
MTA: MTA012
PEA: PEA097
REA: REA003
RPC: RPC003
VPC: VPC004

Lot Area

87,120.00sq. ft.

Technology & Infrastructure

Crown Castle, All Sites, Verified

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Cash Flow Analysis

Net Income

Cap Rate Range (%)

Market Lease Comparables

Sale Value Range ($)

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Estimated Utility Lease Sale Valuation

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Infrastructure Investors are actively purchasing fee simple real estate, leases, and easements on properties with active utility leases from tier-1 tenants (AT&T, Verizon, T-Mobile, etc.). Depending on the terms of the lease, the lease buyout valuations can range drastically between 16x-20x the annual lease rate for lump-sum payments and 18x-25x for structured payments.