Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10160 Heather Lane Corcoran, MN 55374

    View on Map
    Claim this Listing
    For Sale
    $300,000

    Lots & Land - Corcoran, MN

    Lot size:
    3.70 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 23 at 9:06 pm

    Property Features for 10160 Heather Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    TBD
    Lot size
    3.70 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Daniel Hanson

    Listing agent Daniel Hanson

    Listing office JPW Realty 13700 Reimer Drive N, Maple Grove, MN

    Listing date Apr 16, 2026

    MLS# 7056198 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Homesite in Heather Meadows

    Located in Heather Meadows in Corcoran, this 3.7-acre homesite offers the opportunity to build a custom home with JP Brooks Builders. The land provides a setting suitable for country living, with convenient access to Maple Grove and Plymouth. The site is suited for a walk-out rambler or two-story home, offering privacy. Outbuildings and animals are permitted, subject to the City of Corcoran Land-Use plan for animal unit allowances per acre. The development will include Covenants and a Declaration.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Corcoran
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.5822
    Latitude
    45.1744

    Nearby Similar for Sale

    • $1,000,000

      16-Acre Development Opportunity in Corcoran

      16 acres of prime industrial/commercial land near metro area.
      County Rd 19, Corcoran, MN 55374
      View Details
    • $825

      Storage Condo in Corcoran, MN

      Storage condo available 7-1-2026 with mezzanine loft storage.
      6415 County Road 19, Corcoran, MN 55357
      View Details
    • $4,500,000

      Corcoran Land for Luxury Development

      118.2 acres of land suitable for luxury development.
      20417 Larkin Road, Corcoran, MN 55340
      View Details
    • $1,250,000

      Expansive Land Parcel in Corcoran, MN

      37.22-acre property near Highway 55 with long-term potential.
      6233 Willow Drive, Corcoran, MN 55340
      View Details
    • $225,000

      Residential Lot in Westwood Gardens

      1.69-acre residential lot in Corcoran's Westwood Gardens neighborhood.
      8940 Foxline Drive, Corcoran, MN 55340
      View Details
    • $239,000

      Acreage Lot in Serene Countryside

      Last vacant lot available in new acreage development near Maple Grove.
      9250 Underhill Lane, Corcoran, MN 55374
      View Details
    • $2,350,000

      Farmland, Woodlands, Rolling Meadows Estate

      57.31 acres of prime land near major amenities.
      2041# Larkin Road, Corcoran, MN 55340
      View Details
    • $1,250,000

      60-Acre Land Parcel in Corcoran

      60-acre parcel with development potential in a high-growth area.
      Tbd County Road 30, Corcoran, MN 55374
      View Details
    • Contact for pricing

      Land with Highway 116 Access

      Land parcel with potential for rezoning in Corcoran, Minnesota.
      20130 Larkin Rd, Corcoran, MN
      View Details
    • $1,274,565

      Retail Site in Growing Area

      Commercial land near residential area with quick highway access.
      100th Ave N & Brockton Ln, Corcoran, MN
      View Details
    • $1,274,565

      Commercial Pad in Growing Area

      Commercial land with frontage and proximity to new developments.
      100 Ave N, Corcoran MN 55374, Corcoran, MN 55374
      View Details
    • $1,400,000

      Land for Development or Investment

      Land with quick highway access, ideal for development or investment.
      County Rd 19 & Larsen Rd, Corcoran, MN 55340
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.7 acre homesite for custom home with JP Brooks.
    Where is this residential land & home lot located?
    The property is located at 10160 Heather Lane Corcoran, MN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Spacious 3.7 acre homesite for building a custom home.; Opportunity to build with JP Brooks Builders, known for high‑quality construction and thoughtful design.; Ideal for country living with convenient access to Maple Grove and Plymouth.
    (763) 225-1300
    We can help!
    Listing Contact
    Daniel Hanson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!