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    21555 699Th St Wabasha, MN 55981

    Sponsored
    For Sale
    $689,000

    Farm/Estate - Wabasha, MN

    Type:Farm
    Property size:
    2,175 SF
    Lot size:
    33.35 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 4 at 10:06 am

    Property Features for 21555 699Th St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Living Room
    Bedrooms
    2
    Bathrooms
    2
    Parking features
    Garage
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    2,175 SF
    Lot size
    33.35 Acres

    Building Details

    Year built
    1999
    Year renovated
    1999
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Trevor Glomski

    High Point Realty & Auction (507) 218-1243

    Listing agent Trevor Glomski (319) 559-2345

    Listing date Mar 3, 2026

    MLS# 11665992 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Wabasha Farm/Estate with River Views

    Located in Wabasha, MN, this property at 21555 699th St features 33.35 acres overlooking historic downtown Wabasha and the Mississippi River Valley. The land includes approximately 15.5 wooded acres with mature timber, offering privacy and wildlife habitat. Built in 1999, the earth berm home provides 2,175 finished square feet on one level, designed for efficiency with in-floor radiant heat and a wood-burning fireplace. Large windows offer views and natural light. The home includes two bedrooms, two full bathrooms, and seven total rooms, featuring an open kitchen and dining layout, stainless steel appliances, and natural stone floors. The layout is accessible with no interior or exterior stairs. Outbuildings include a 50x30 shed with a concrete floor and lean-to, and a 40x25 shed with a gravel base. A shooting shed with an established rifle range is also present. The property includes a small garden shed next to fenced raised garden beds and a fenced grove of mature fruit trees. An attached garage and concrete and gravel driveways provide access. The property is suited for recreational activities, including hunting. It is located in an area known for mature whitetails and turkey hunting. A trail system is present on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Wabasha
    County
    Wabasha
    State
    Minnesota
    Longitude
    -92.101083
    Latitude
    44.392464

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    FAQs

    What type of property is this?
    Farm - 33.35 acre estate with home, outbuildings, and recreational opportunities.
    Where is this farm located?
    The property is located at 21555 699Th St Wabasha, MN.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: - 33.35± acres of private bluff-country land with PANORAMIC VIEWS overlooking the Mississippi River Valley.; - Exceptional outbuildings including a 50x30 shed with concrete floor and lean-to.; - Thoughtfully designed earth berm home with 2,175 sq ft on one level, featuring in-floor radiant heat.
    (507) 218-1243
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    21555 699Th St Wabasha, MN 55981
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    Wabasha, MN 55981
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    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
    21555 699Th St Wabasha, MN 55981
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    Listing Contact
    Trevor Glomski
    (507) 218-1243 (319) 559-2345
    Learn more
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