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    Xxx Orwell Road N, Marine on Saint Croix, MN 55047

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    For Sale
    $2,100,000

    Lots & Land - May Twp, MN

    Lot size:
    85.61 Acres
    Added:
    Mar 28, 2025
    Days on Market:
    421
    Last Refresh:
    May 22 at 3:06 pm

    Property Features for Xxx Orwell Road N

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture
    Standard status
    Active
    APN
    1103120430001
    Lot size
    85.61 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    952

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kim Jackson

    Listing agent Kim Jackson

    Listing office Keller Williams Premier Realty 635 Bielenberg Drive Suite 100, Woodbury, MN

    Listing date Mar 28, 2025

    MLS# 6693122 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

    • 85.6 acres across 4 parcels, suitable for farming.
    • Large 145x50 pole building with lean‑tos, 18 ft sidewalls, and oversized doors (including an airport hanger style door).
    • Multiple newer buildings in great condition, including a 34x28 insulated garage and a 32x16 two‑story garage.
    • Ample power supply: 220 amp service in the main building, 100 amp service in the insulated garage, and a 50 amp outside panel.
    • All utilities are underground.
    • Close proximity to downtown Marine on the St. Croix.

    Overview

    This property features 85.6 acres of land, comprising four separate parcels being sold together. The land is currently used for crop farming. The main pole building measures 145x50 feet, enhanced by a 16x144 foot lean-to on each side, running the length of 144 feet. It has 18-foot sidewalls and a large 25x18.6 foot airport hanger-style door on one end, complemented by two 16x8 foot garage doors on the other end. This building is suitable for large equipment, semi-trucks, or a motor coach, and includes two 220 outlets, fully wired 220 amp power, and both inside and outside lights. An additional 34x28 foot garage features 12-foot sidewalls and a 16x10 foot door. It is foam insulated, has a concrete floor, 220 outlets, 100 amp service, and outside flood lights. A third 32x16 foot, two-story garage includes a storage loft, a 14-foot slider door, and a concrete floor. All buildings are newer and in great condition. The property has an outside power panel with 50 amp service and 110 outlets. All utilities are underground. The location is close to downtown Marine on the St. Croix.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Marine on Saint Croix
    County
    Washington
    State
    Minnesota
    Longitude
    -92.7623
    Latitude
    45.1574

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    FAQs

    What type of property is this?
    Farm - 85.6 acres of farmland near Marine on St. Croix.
    Where is this farm located?
    The property is located at Xxx Orwell Road N Marine on Saint Croix, MN.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 85.6 acres across 4 parcels, suitable for farming.; **Large 145x50 pole building** with lean‑tos, 18 ft sidewalls, and oversized doors (including an airport hanger style door).; **Multiple newer buildings in great condition**, including a 34x28 insulated garage and a 32x16 two‑story garage.
    (651) 379-5252
    We can help!
    Listing Contact
    Kim Jackson
    Request Owner's contact information
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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.

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