Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shovel-Ready Land in Buffalo, MN Title is generated by Realmo AI

    Xxx Capital Drive, Buffalo, MN 55313

    View on Map
    Claim this Listing
    Picture of Commercial land at Xxx Capital Drive, Buffalo, MN
    For Sale
    $279,900

    Lots & Land - Buffalo, MN

    Lot size:
    2.05 Acres
    Added:
    Feb 28, 2022
    Days on Market:
    1544
    Last Refresh:
    May 22 at 12:06 am

    Property Features for Xxx Capital Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Business/Commercial,Industrial
    Standard status
    Active
    APN
    103132002041
    Lot size
    2.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5564

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jim DiOrio
    Jim DiOrio

    Listing agent Jim DiOrio

    Listing office RE/MAX Advantage Plus 13875 Highway 13 South, Savage, MN

    Listing date Feb 28, 2022

    MLS# 6156964 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

    • Shovel‑ready lot for immediate development.
    • Located in Buffalo Industrial Park.
    • Potential to split into two, one‑acre lots (subject to city approval).
    • Suitable for industrial development.
    • Convenient location within Buffalo.
    • Development‑ready land.

    Overview

    This shovel-ready lot is available for development in Buffalo Industrial Park, located in Buffalo, Minnesota. The property, situated in Wright County, encompasses 2.05 acres and is zoned for Business/Commercial and Industrial use. The parcel has the potential to be split into two, one-acre lots, pending city approval.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Buffalo
    County
    Wright
    State
    Minnesota
    Longitude
    -93.8505344
    Latitude
    45.1705734

    Nearby Similar for Sale

    • $799,900

      Land with Development Potential

      9.41 acre lot with development possibilities in Buffalo, MN.
      2840 30th Street NE, Buffalo, MN 55313
      View Details
    • $639,900

      34.85 Acres Lakeshore Land

      Versatile land near Buffalo, MN, with development potential.
      2xxx Baker Avenue NW, Buffalo, MN 55313
      View Details
    • $899,000

      Development Land on Buffalo Lake

      12.12 acres of development land near Downtown Buffalo, Minnesota.
      Tbd Lake Blvd, Buffalo, MN 55313
      View Details
    • $299,000

      Residential Land with Scenic Views

      Five-acre lot ideal for building a dream home.
      Tbd Highway 55, Rockford Twp, MN 55313
      View Details
    • $4,350,000
      80,262 SF

      Waterfront Retreat and Educational Campus

      80,262 SF waterfront facility in Northwest Metro.
      621 1st Ave S | Buffalo, MN 55313
      View Details
    • $264,900

      19.47 Acres in Buffalo, MN

      Spacious 19.47-acre parcel perfect for farming or recreation.
      Xxx Dempsey Ave NW, Buffalo, MN 55313
      View Details
    • $320,000

      Lakefront Land Parcel on Buffalo

      5.89 acres of lakefront property on Buffalo Lake.
      609 Lake Boulevard, Buffalo, MN 55313
      View Details
    • $305,000

      Residential Land in Upscale Neighborhood

      10+ acre lot for dream home in Buffalo, MN.
      Parcel F Davern, Buffalo, MN 55313
      View Details
    • $764,478

      Commercial Land with Utilities Ready

      Commercial land with water, sewer hook-ups, and ponding.
      Cessna St, Buffalo, MN
      View Details
    • $989,900

      Established Electrical Contractor Business For Sale

      Established residential/commercial electrical contractor business with diverse customer base.
      Confidential Listing, Buffalo, MN
      View Details
    • $4,562,000

      143 Acres Tillable Land Opportunity

      143 acres of tillable land with lake views.
      1430 Pulaski Road, Buffalo, MN 55313
      View Details
    • Contact for pricing

      99.93 Acres Divisible Land

      Divisible 99.93 acres of land in Buffalo, Minnesota.
      2852 County Rd 12 N, Buffalo, MN
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two-acre shovel-ready lot for development in Buffalo Industrial Park.
    Where is this commercial land located?
    The property is located at Xxx Capital Drive Buffalo, MN.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: Shovel‑ready lot for immediate development.; Located in Buffalo Industrial Park.; Potential to split into two, one‑acre lots (subject to city approval).
    (612) 366-1627
    We can help!
    Listing Contact
    Jim DiOrio
    Jim DiOrio
    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

    Thank You for Inquiry
    Xxx Capital Drive, Buffalo, MN 55313
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!