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    Private Ski Lake Lots Title is generated by Realmo AI

    826 Beach Ball Lane, New Germany, MN 55367

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    Claim this Listing
    For Sale
    $55,000

    Lots & Land - New Germany, MN

    Lot size:
    1.00 Acre
    Added:
    Jul 27, 2024
    Days on Market:
    664
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 826 Beach Ball Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    553500160
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    904
    Expense value
    300
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Lemmerman

    Listing agent Joseph Lemmerman

    Listing office National Realty Guild 5200 Willson Road, Suite 150, Minneapolis, MN

    Listing date Jul 27, 2024

    MLS# 6576559 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.

    HighLights

    • Private Ski Lake Access: Enjoy exclusive water sports and fishing right at your doorstep.
    • Investment Potential: Acquire property with significant future value appreciation.
    • Limited Availability: One of the few remaining lots on this desirable private lake.
    • Established Community: Join homeowners who have enjoyed the lake since 2009/2010.
    • Deep Lake: The lake's depth of approximately 12 feet is perfect for various water activities.
    • Future Building Site: Build your custom dream home after infrastructure improvements.

    Overview

    These lots are located on a private ski lake that is approximately 12 feet deep and contains many species of fish. Construction of a home on this lot is projected to be possible in approximately five or more years, pending city improvements and upgrades to the sewer treatment plant. Before any further construction can occur within the city limits, paved roads, sewer and water lines, and all utilities need to be installed within the development itself. Lot owners will incur additional expenses for these improvements, potentially in the range of $70,000 to $75,000. Nine of the original lots were sold in 2009 and 2010 for $175,000 each; all but one of the owners are still present and enjoying the lake. The lot size is 1 acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Building Supply Auto Repair Shop Grocery & Convenience Store HVAC Service Bar & Pub Home Appliance Store Plumbing Service Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    New Germany
    County
    Carver
    State
    Minnesota
    Longitude
    -93.9756192
    Latitude
    44.8977347

    Nearby Similar for Sale

    • $55,000

      Lake Property in Ski Community

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    • $55,000

      Residential Land in New Germany

      Residential land for sale in New Germany, Minnesota.
      823 Beach Ball Lane, New Germany, MN 55367
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    • $55,000

      Residential Land in New Germany

      Residential land available in New Germany, Minnesota.
      821 Beach Ball Lane, New Germany, MN 55367
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    • $55,000

      Residential Land in New Germany

      Residential land available in New Germany, Minnesota.
      824 Beach Ball Lane, New Germany, MN 55367
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    FAQs

    What type of property is this?
    Land - Lots on a private ski lake, investment opportunity.
    Where is this land located?
    The property is located at 826 Beach Ball Lane New Germany, MN.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Private Ski Lake Access: Enjoy exclusive water sports and fishing right at your doorstep.; Investment Potential: Acquire property with significant future value appreciation.; Limited Availability: One of the few remaining lots on this desirable private lake.
    (651) 330-8001
    We can help!
    Listing Contact
    Joseph Lemmerman
    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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