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

    465th 3Rd St Fairfax, MN 55332

    Sponsored
    For Sale
    $2,277,600

    Vacant Land - Fairfax, MN

    Lot size:
    212.42 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 6 at 5:06 pm

    Property Features for 465th 3Rd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    07.00980.00, 07.01000.00, 07.01020.00, 0
    Parking features
    Garage
    Lot size
    212.42 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Terri Jensen

    National Land Realty, Minneapolis, MN (855) 384-5263

    Listing agent Terri Jensen (855) 384-5263

    Listing date Feb 5, 2026

    MLS# 11642560 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

    Renville County Farmland Opportunity

    This premier agricultural land, known as the Brozik Estate Farmland, is located in Cairo Township, Renville County, Minnesota. The property totals 212.59 acres, including approximately 197.43 tillable acres. The land is available as a whole or in three tracts. Renville County is known for its productive soils and crop history, with local agricultural production anchored by corn and soybeans, and regional activity in sugar beets, livestock, turkey, swine, egg, beef, and dairy operations. The Brozik land has been farmed under a corn-soybean rotation and is zoned A – Agricultural District. The property is located 2.5 miles southwest of Fairfax, a rural community offering agricultural services, local businesses, and recreation, including a baseball park, Fort Ridgely, golf, and an equestrian center. Larger employment, retail, and service hubs such as New Ulm, Hutchinson, Mankato, Willmar, and Marshall are all within 23–60 miles, and the Twin Cities metro lies approximately 90 miles east-northeast. Central Region Cooperative is located approximately 2.5 miles northwest of these parcels, offering grain storage, purchasing, drying, and other agronomy services. Major highways and regional rail service support efficient movement of grain and livestock products to markets and processing facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Renville
    State
    Minnesota
    Longitude
    -94.740354
    Latitude
    44.501539

    FAQs

    What type of property is this?
    Agricultural land - Premier agricultural land in Renville County, Minnesota, with high-productivity soils.
    Where is this agricultural land located?
    The property is located at 465th 3Rd St Fairfax, MN.
    What is the asking price?
    The asking price for this property is $2,277,600.
    What are key features of this property?
    This property features: - 197.43± Highly Productive Tillable Acres: A significant portion of the 212.59-acre property is tillable, offering immediate agricultural productivity.; - Prime Agricultural Location: Situated in Renville County, Minnesota, known for its high-productivity soils and strong crop history.; - Flexible Purchase Options: Available as one unit or three separate tracts, catering to various buyer needs and investment strategies.
    (855) 384-5263
    Request Owner's contact information
    465th 3Rd St Fairfax, MN 55332
    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.
    465th 3Rd St
    Fairfax, MN 55332
    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
    465th 3Rd St Fairfax, MN 55332
    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
    Terri Jensen
    (855) 384-5263
    Learn more
    Google sign-in failed. Please try again or use another login method.