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    725 110th Street Sherburn, MN 56171

    View on Map
    For Sale
    Under Contract
    $275,000

    Farm - Sherburn, MN

    Type:Farm
    Property size:
    1,750 SF
    Lot size:
    3.71 Acres
    Added:
    Nov 28, 2025
    Days on Market:
    124
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 725 110th Street

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Parking
    2
    Interior features
    Ceiling Fans, Hardwood Floors, Washer/Dryer Hookups, Partially Finished
    EntryLevel
    16
    Basement Y/N
    1
    Appliances
    Dryer, Freezer, Range, Refrigerator
    Standard status
    Active Under Contract
    APN
    120181550
    Size
    1,750 SF
    Lot size
    3.71 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    1481

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Floors in Building
    2
    Flooring type
    Hardwood, Wood
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly J Miller

    Listing agent Kelly J Miller License #40512403

    Listing office REALTY EXECUTIVES ASSOCIATES 196 St Andrews Dr, Wayzata, MN

    Listing date Nov 28, 2025

    MLS# 7039139 Listing URL

    Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Horse and Hobby Farm

    This charming horse and hobby farm is located on 3.71 acres just south of town. The property is connected to city water. The home features a mudroom, a kitchen, and a formal dining room. The living room area, main-level bedroom, and half bath have been freshly painted and have new carpet. A wood staircase leads to two bedrooms and a fully remodeled bathroom featuring a corner jacuzzi tub. The basement provides space for laundry and storage. Outbuildings include a large CLEARY pole barn (36 x 144) with a dirt floor, four horse stalls with sliding doors, a tack room, and a large open indoor arena with room and materials on-site for two more stalls. There is also a large 24 x 52 hoop barn with a grass floor where hay is currently stored, a detached 30 x 22 garage with a dirt floor, a tool shed with a dirt floor, and an older building used for horses out in the pasture with a dirt floor. Garden areas are also present. The septic system is compliant. The property is suitable for a private homestead or an equestrian operation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherburn
    County
    Martin
    State
    Minnesota
    Longitude
    -94.728332
    Latitude
    43.643112

    FAQs

    What type of property is this?
    Horse & equestrian property - Charming horse and hobby farm on 3.71 acres.
    Where is this horse & equestrian property located?
    The property is located at 725 110th Street Sherburn, MN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 3.71 acre horse/hobby farm with multiple outbuildings, **including a large CLEARY pole barn (36 x 144) with four horse stalls and indoor arena.**; Hooked up to city water, combining rural living with modern convenience.; **Home features a remodeled bathroom with a corner jacuzzi tub, freshly painted interior, and new carpet.**
    (218) 464-7863
    We can help!
    Listing Contact
    Kelly J Miller
    Real Estate License ID: 40512403
    Learn More
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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
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