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

    1651x Hidden Valley Road Minnetonka, MN 55345

    View on Map
    Claim this Listing
    For Sale
    $539,000

    Lots & Land - Minnetonka, MN

    Lot size:
    0.87 Acres
    Added:
    Aug 25, 2025
    Days on Market:
    253
    Last Refresh:
    May 4 at 10:06 am

    Property Features for 1651x Hidden Valley Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    2011722130057
    Lot size
    0.87 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6176

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ruth Lecy
    Ruth Lecy

    Listing agent Ruth Lecy

    Listing office RE/MAX Advantage Plus 13875 Highway 13 South, Savage, MN

    Listing date Aug 25, 2025

    MLS# 6777939 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 Land in Minnetonka, MN

    This is a 0.87-acre residential land and home lot located in Minnetonka, Minnesota, within Hennepin County. The site features mature trees and is suitable for a custom home construction. It is located in a convenient and quiet location and is zoned for residential single-family use. The property is located within the Mtka school district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4829153
    Latitude
    44.9305473

    Nearby Similar for Sale

    • $600,000

      Shady Oak Lake Residential Lot

      Residential land near Shady Oak Lake and LRT Trail.
      4936 Shady Oak Road S, Minnetonka, MN 55343
      View Details
    • $20

      Minnetonka Office & Medical Space

      Updated office and medical space in well-maintained building.
      2000 Plymouth Road, Minnetonka, MN 55305
      View Details
    • $347,900

      One Acre Homesite in Minnetonka

      Rare opportunity to build a custom home on a 1-acre lot.
      4532 Fairview Avenue, Minnetonka, MN 55343
      View Details
    • $4,890,000

      Minnetonka Church Building For Sale

      Two-level church on 2.06 acres in excellent condition.
      4215 Fairview Avenue, Minnetonka, MN 55343
      View Details
    • $650,000

      Residential Land in Wayzata School

      1.3-acre lot near Lake Minnetonka in Wayzata School District.
      16307 Mcginty Road W, Minnetonka, MN 55391
      View Details
    • $419,000

      Residential Land in Minnetonka

      Residential land for new construction in Minnetonka, Minnesota.
      165xx Hidden Valley Road, Minnetonka, MN 55345
      View Details
    • $389,000

      Residential Land in Glen Lake Area

      Heavily wooded lot near restaurants and shopping in Minnetonka.
      14819 Cherry Lane, Minnetonka, MN 55345
      View Details
    • $289,900

      Residential Lot in Glen Lake

      Vacant lot in Minnetonka's desirable Glen Lake area.
      14705 Glendale Road, Minnetonka, MN 55345
      View Details
    • $1,850,000

      Prime Minnetonka Development Opportunity

      One-acre assemblage on Minnetonka Boulevard, ideal for commercial development.
      9800 & 9820 Minnetonka Boulevard, Minnetonka, MN 55305
      View Details
    • $2,272,800
      16,800 SF

      Minnetonka Pet Hotel For Sale

      Premier pet care facility in Minnetonka, MN with strong demographics.
      6133 Baker Rd, Minnetonka, MN
      View Details
    • $2,500,000
      4,416 SF

      Renovated Stand-Alone Office Building

      Completely renovated office building with modern design and convenient location.
      13815 Ridgedale Dr, Minnetonka, MN
      View Details
    • $347,900

      Land For Sale Minnetonka

      Land available in Minnetonka, Minnesota.
      4532 Fairview Avenue, Minnetonka, MN 55343
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large walk-out site with mature trees, ready for custom home.
    Where is this residential land & home lot located?
    The property is located at 1651x Hidden Valley Road Minnetonka, MN.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: Large walk‑out site; Mature trees; Opportunity to build a custom Lecy Bros. home
    (612) 590-2924
    We can help!
    Listing Contact
    Ruth Lecy
    Ruth Lecy
    Real Estate License ID: 583828
    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

    Thank You for Inquiry

    1651x Hidden Valley Road, Minnetonka, MN 55345

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!