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

    32128 Virgo Street NE North Branch, MN 55056

    View on Map
    For Sale
    $199,900

    Lots & Land - North Branch, MN

    Lot size:
    16.45 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 6 at 9:06 am

    Property Features for 32128 Virgo Street NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture,Residential-Single Family
    Standard status
    Active
    APN
    070820020
    Lot size
    16.45 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1086

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tony Watters
    Tony Watters

    Listing agent Tony Watters

    Listing office RE/MAX Results 11200 W 78th Street, Eden Prairie, MN

    Listing date Sep 29, 2025

    MLS# 6797139 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

    16.49 Acre Building Site

    This 16.49 acre parcel is located 6 miles east of Cambridge and 6.5 miles west of North Branch. The gently rolling land offers multiple excellent building sites. Native switchgrasses and wildlife abound. The seller has added a culverted driveway access and planted numerous young trees across the property. This land is suitable for building a dream home with the builder of your choice. The lot size is 16.451 acres. The property is zoned for agriculture and single family residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Skin Care Clinic Acupuncture Carpet & Flooring Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    North Branch
    County
    Chisago
    State
    Minnesota
    Longitude
    -93.11224
    Latitude
    45.552709

    Nearby Similar for Sale

    • $419,000

      North Branch Commercial Building For Sale

      6000+ sq ft commercial building in high-traffic area.
      38875 Forest Boulevard, North Branch, MN 55056
      View Details
    • $994,600

      Industrial Land in Opportunity Zone

      57.23 acres of I-Z zoned land in North Branch, MN.
      41921 Goodview Avenue, North Branch, MN 55032
      View Details
    • $124,900

      Wooded Lakeshore Lot on Chain Lake

      One-acre wooded lakeshore lot ready for your dream home.
      Tbd 412th Street, North Branch, MN 55056
      View Details
    • $145,000

      Lakeshore Lot on Chain Lake

      Nearly 3-acre wooded lot with 150' lakeshore.
      5230 406th Street, North Branch, MN 55056
      View Details
    • $199,900

      North Branch Wooded Lakefront Land

      10.3-acre wooded lake lot on Chain Lake in North Branch.
      Tbd 417th Street, North Branch, MN 55056
      View Details
    • $499,900

      Heavily Wooded Land with River

      40-acre wooded land with Sunrise River flowing through it.
      121xx St Croix Trail, Sunrise Twp, MN 55056
      View Details
    • $139,900

      Heavily Wooded Land Near Freeway

      Wooded residential land with freeway access in North Branch, MN.
      Lot 2 Kable Avenue, North Branch, MN 55056
      View Details
    • $3,125,000
      21,040 SF

      Redeveloped Retail/Automotive Space on I-35

      21,000 SF redeveloped space ideal for retail or automotive businesses.
      Tanger Dr 38450, North Branch, MN
      View Details
    • $725,000
      29,420 SF

      Bowling Alley with Event Space

      12-lane bowling alley with bar and event space.
      6427 Ash Street, North Branch, MN 55056
      View Details
    • $149,900

      8+ Acre Buildable Land Parcel

      Private, surveyed land near North Branch, ideal for building.
      Tbd Spring Lake Road NE, North Branch, MN 55056
      View Details
    • $72,500

      Residential Land Ready For Development

      Residential land with R-2 zoning, ready for townhome development.
      38xxx Oakview Ave, North Branch, MN 55056
      View Details

    FAQs

    What type of property is this?
    Land - Prime land for building your dream home near North Branch.
    Where is this land located?
    The property is located at 32128 Virgo Street NE North Branch, MN.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Large 16.49 acre parcel perfect for building a dream home.; Gently rolling land with multiple excellent building sites.; Conveniently located between Cambridge and North Branch.
    (651) 497-9440
    We can help!
    Listing Contact
    Tony Watters
    Tony Watters
    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!