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    4th 4Th Ave NW Fairfax, MN 55332

    Sponsored
    For Sale
    $55,300

    Vacant Land - Fairfax, MN

    Lot size:
    4.74 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 27 at 10:06 pm

    Property Features for 4th 4Th Ave NW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    31-00115-00
    Parking features
    Garage
    Lot size
    4.74 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 25, 2026

    MLS# 11662266 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

    Land Parcel in Growing Community

    Located in the southeast corner of Renville County, Fairfax, Minnesota, blends rural agricultural heritage with modern small-town living. Known as a welcoming community, Fairfax offers the amenities, services, and economic activity of a larger community while maintaining peaceful charm. Fairfax features locally owned electric and natural gas utilities, its own ambulance service, and a public library within the Pioneerland Regional Library System. A multi-city fiber project is underway to bring high-speed internet to every home and business. The community is family-friendly, with well-kept neighborhoods, excellent parks, a municipal swimming pool, ballfields, playgrounds, and an 8-mile non-motorized trail leading to Fort Ridgely State Park. Residents highlight Fairfax for its safety, peaceful atmosphere, and strong sense of community. Fairfax also benefits from a growing and increasingly diverse population, a young workforce, and a thriving small-business environment. Local industries, including agriculture, crop production, services, and government, continue to expand, and the city is a net importer of labor, creating demand for additional housing, services, and retail. With affordable living costs and convenient access to regional employment centers, Fairfax offers an attractive setting for your custom home/hobby farm, or residential or mixed-use development. This 4.74-acre parcel is an excellent investment in a community positioned for long-term growth.
    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 Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Renville
    State
    Minnesota
    Longitude
    -94.724664
    Latitude
    44.533556

    Nearby Similar for Sale

    • $49,900
      0.08 Acres

      Downtown Fairfax Commercial Building

      Charming commercial building with versatile spaces and residential potential.
      127 1St St SE, Fairfax, MN 55332
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.74-acre parcel in Fairfax, MN, ideal for custom development.
    Where is this residential land & home lot located?
    The property is located at 4th 4Th Ave NW Fairfax, MN.
    What is the asking price?
    The asking price for this property is $55,300.
    What are key features of this property?
    This property features: - High-speed internet via multi-city fiber project, ideal for remote work and future development.; - Family-friendly community with excellent parks, swimming pool, ballfields, and an 8-mile trail to Fort Ridgely State Park.; - Strong sense of community, safety, and peaceful atmosphere.
    (507) 382-0908
    Request Owner's contact information
    4th 4Th Ave NW Fairfax, MN 55332
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    Fairfax, MN 55332
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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
    4th 4Th Ave NW Fairfax, MN 55332
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    We can help!
    Listing Contact
    Terri Jensen
    (507) 382-0908 (855) 384-5263
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