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

    11506 Lakewood Drive NE Albertville, MN 55301

    View on Map
    Pending
    $115,000

    Lots & Land - Albertville, MN

    Lot size:
    0.34 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    133
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 11506 Lakewood Drive NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Pending
    APN
    101146007040
    Lot size
    0.34 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    1394
    Expense value
    290
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Price Realty

    Listing agent Price Realty

    Listing office eXp Realty 4525 White Bear Parkway, White Bear Lake, MN

    Listing date Nov 19, 2025

    MLS# 6818024 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

    Residential Lot in Towne Lakes

    This residential lot is located in the Towne Lakes Community. Community amenities include a community center, pool, tennis and basketball courts, a playground, walking trails, and a Bark Park. The lot offers the option to design and build a home. The lot size is 0.34 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albertville
    County
    Wright
    State
    Minnesota
    Longitude
    -93.65658
    Latitude
    45.250275

    Nearby Similar for Sale

    • $400,000

      Prime Commercial Lots in Albertville

      Undeveloped commercial lots on a primary commercial corridor.
      5953 Labeaux Avenue NE, Albertville, MN 55301
      View Details
    • $320,000

      Commercial Lots in Albertville Corridor

      Undeveloped commercial lots with high visibility and established traffic.
      5949 Labeaux Avenue NE, Albertville, MN 55301
      View Details
    • $350,000

      1.22 Acre Land Parcel

      1.22 acre land parcel zoned B2-A Special Business.
      6872 Laketowne Pl NE, Albertville, MN
      View Details
    • Contact for pricing

      35 Acres Industrial Land Available

      35 acres of industrial land with utilities and I-94 access.
      Kadler Ave NE & 70th St NE, Albertville, MN
      View Details
    • Contact for pricing

      Land Near Upcoming Costco

      Commercial land available near future Costco development.
      59th St NE, Albertville, MN
      View Details
    • $3,200,000

      Highway Commercial Land Available

      10.47 acres of commercial land for lease.
      67th St NE & Keystone Ave NE, Albertville, MN
      View Details
    • Contact for pricing

      Commercial Land Near Premium Outlets

      1.64-acre commercial land suitable for various business uses.
      6600 Laketowne Pl, Albertville, MN
      View Details
    • Contact for pricing

      Shovel Ready I-1 Zoned Land

      10 acres of I-94 frontage land, ready for development.
      6593 Kadler Ave NE, Albertville, MN
      View Details
    • $3,682,235

      26-Acre Mixed Use Development Land

      26.01 acres of mixed-use development land for sale.
      5446 Labeaux Ave NE, Albertville, MN
      View Details
    • $4,000,000

      39-Acre Industrial Land Available

      Large industrial land parcel in Albertville, Minnesota, for sale.
      6793 Labeaux Ave NE, Albertville, MN
      View Details
    • Contact for pricing

      Land Near Albertville Premium Outlets

      Land with potential for various developments near I-94.
      Labeaux Ave NE & 70th St NE, Albertville, MN
      View Details
    • $2,595,000

      39.59 Acres Limited Industrial Land

      39.59 acre industrial land parcel in Wright County, Minnesota.
      70th St NE & Kittredge Pkwy, Albertville, MN
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with community amenities in Albertville, Minnesota.
    Where is this residential land & home lot located?
    The property is located at 11506 Lakewood Drive NE Albertville, MN.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Rare opportunity: One of the few remaining lots in Towne Lakes Community.; Highly desirable Towne Lakes Community location.; Extensive community amenities: community center, pool, tennis and basketball courts, playground, walking trails, and Bark Park.
    (612) 502-5500
    We can help!
    Listing Contact
    Price Realty
    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!