Sign Up Successful!
You now have access to more from Realmo!
    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

    23368 Saddle Ridge Dr Rogers, MN 55374

    Sponsored
    For Sale
    $310,000

    Lots & Land - Rogers, MN

    Lot size:
    2.50 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 25 at 2:06 am

    Property Features for 23368 Saddle Ridge Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Single Family
    APN
    2712023310008
    Lot size
    2.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David B Hitchcock
    David B Hitchcock

    Pro Flat Fee Realty (612) 998-1919

    Listing agent David B Hitchcock (612) 998-1919

    Listing date Feb 24, 2026

    MLS# 7026093 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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Executive Neighborhood

    This 2.5-acre parcel is located in an executive neighborhood and is approved for development, including an additional detached garage. The lot features heavy tree coverage on the back half, providing privacy. Situated in Rogers, Minnesota, the location offers proximity to various amenities. This property presents a rare opportunity to build a custom home in a desirable area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Accounting Firm Barber Shop Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.57579038
    Latitude
    45.17098178

    Nearby Similar for Sale

    • Contact for pricing
      1.45 Acres

      Retail Suite in Prime Location

      4,043 SF retail suite available in January 2026.
      13635 Northdale Blvd, Rogers, MN 55374
      View Details
    • Contact for pricing

      Industrial Warehouse with Office Space

      Industrial warehouse with office space in a central Rogers location.
      14200 James Rd, Rogers, MN 55374
      View Details
    • $729,000
      Pending

      Industrial Property with Expansion Potential

      Industrial property in Rogers, MN with expansion and redevelopment opportunities.
      19520 County Road 81, Rogers, MN 55311
      View Details
    • $344,755

      New Construction Townhome in Rogers

      New 3-bedroom, 2.5-bath townhome with open layout and modern finishes.
      23185 Creekview Ct, Rogers, MN 55374
      View Details
    • Contact for pricing
      2,436 SF

      New Construction Home in Rogers

      New 2,436 sq ft home with modern design features.
      23190 Willow Dr, Rogers, MN 55374
      View Details
    • Contact for pricing

      Afton Townhome in Rogers, MN

      Charming 3-bedroom, 2-bathroom townhome with modern features and ample storage.
      23210 Willow Dr, Rogers, MN 55374
      View Details
    • Contact for pricing

      New Construction Home Ready November

      Under construction home featuring an open layout and luxurious owner's suite.
      23175 Creekview Ct, Rogers, MN 55374
      View Details
    • Contact for pricing

      New Construction Townhome in Rogers

      New 3-bedroom, 2.5-bath townhome with loft and patio.
      23189 Creekview Ct, Rogers, MN 55374
      View Details
    • Contact for pricing
      2,268 SF

      New Construction Townhome in Rogers

      New 3-bedroom, 2.5-bathroom townhome with modern design and open floorplan.
      23150 Willow Dr, Rogers, MN 55374
      View Details
    • Contact for pricing
      2,268 SF

      New Construction Townhome in Rogers

      New 3-bedroom, 2.5-bathroom townhome with modern design and open floorplan.
      23222 Willow Dr, Rogers, MN 55374
      View Details
    • Contact for pricing
      2,268 SF

      New 3-Story Townhome in Rogers

      New construction 3-bedroom, 2.5-bathroom townhome with 2-car garage.
      23270 Willow Dr, Rogers, MN 55374
      View Details
    • Contact for pricing
      12,295 SF

      Spacious Warehouse with Large Yard

      12,295 SF warehouse on 4.61 acres, fully fenced.
      21601 John Deere Ln, Rogers, MN 55374
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.5-acre parcel in Rogers, ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at 23368 Saddle Ridge Dr Rogers, MN.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - Large 2.5-acre parcel; - Approved for additional detached garage; - Located in a beautiful executive neighborhood
    (763) 257-9245
    Request Owner's contact information
    23368 Saddle Ridge Dr Rogers, MN 55374
    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.
    23368 Saddle Ridge Dr
    Rogers, MN 55374
    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
    23368 Saddle Ridge Dr Rogers, MN 55374
    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

    We can help!
    Listing Contact
    David B Hitchcock
    David B Hitchcock
    (763) 257-9245 (612) 998-1919
    Learn more
    Google sign-in failed. Please try again or use another login method.