Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Oak Ridge Dr Chaska Chaska, MN 55318

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Hospitality property in Chaska, Minnesota, near retail, parks, and schools.

    Type:Hospitality
    Property size:
    171 SF
    Added:
    Sep 10, 2025
    Days on Market:
    205
    Last Refresh:
    Apr 1 at 9:41 pm

    Property Features for 1 Oak Ridge Dr Chaska

    General Information

    Standard status
    Active
    Size
    171 SF
    Property subtype
    Hospitality

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    Chris Jacobson, CCIM
    Chris Jacobson, CCIM

    Listing agent Chris Jacobson, CCIM

    Listing office Lee & Associates

    Listing date Sep 10, 2025

    Source Lee-associates

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates

    Overview

    Chaska Hospitality Property For Sale

    This hospitality property is located in Chaska, Minnesota, near the Springs at McKnight Lake townhome community, retail establishments including a new Costco, parks, and schools. Constructed in 1989, the building encompasses approximately 171,000 gross square feet across three levels. The site overlooks McKnight Lake and provides access to walking trails around the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chaska
    County
    Carver
    State
    Minnesota
    Longitude
    -93.6051
    Latitude
    44.8402

    Nearby Similar for Sale

    • $20
      4,362 SF

      Chaska Retail and Office Space

      Multi-tenant property in downtown Chaska, ideal for retail and office.
      424 N Chestnut St, Chaska, MN 55318
      View Details
    • $648,000
      1,445 SF

      Chaska Retail/Office Space Available

      Retail or office space in the heart of Chaska.
      102 W 5th St, Chaska, MN
      View Details
    • $1,250
      9,020 SF

      Chaska Office Unit For Sale

      Office unit with private bathroom in downtown Chaska.
      112 E 5th Street 101, Chaska, MN 55318
      View Details
    • $1,250

      Chaska Office Space For Sale

      Office space in Chaska, walking distance to city amenities.
      112 E 5th Street, Chaska, MN 55318
      View Details
    • Contact for pricing
      39,840 SF

      Chaska Industrial Building with High Power

      39,840 SF industrial building with high power and ample parking.
      343 82nd St E, Chaska, MN
      View Details
    • $5,750,000
      72,578 SF

      Riverfront Hospitality Asset with Redevelopment Potential

      Riverfront property in downtown Chaska with redevelopment potential.
      1 River Bend Pl, Chaska, MN 55318
      View Details
    • Contact for pricing
      155,641 SF

      Chaska Retail Center For Sale

      Retail center with diverse shopping, dining, and service options.
      200 Pioneer Trl, Chaska, MN
      View Details
    • $3,600,000
      42,886 SF

      Chaska Warehouse Space Available

      Industrial warehouse space available for rent in Chaska, Minnesota.
      4024 Peavey Rd, Chaska, MN
      View Details
    • $2,525,000
      12,190 SF

      Turnkey Daycare Facility in Chaska

      Well-maintained, renovated daycare in Chaska, MN, ready for operation.
      110650 Village Rd, Chaska, MN 55318
      View Details
    • $5,900,000
      61,036 SF

      Food Processing Building For Sale

      61,036 SF food processing building with freezer and cooler.
      300 Lake Hazeltine Dr, Chaska, MN
      View Details
    • $1,765,000
      4,809 SF

      Redevelopment Opportunity with Lease Income

      Redevelopment opportunity with existing income in Chaska, Minnesota.
      1305 Crystal Ln, Chaska, MN
      View Details
    • Contact for pricing
      57,135 SF

      Chaska Office and Warehouse Building

      57,135 SF office/warehouse on 4.8 acres in Chaska, MN.
      1200 Lakeview Dr, Chaska, MN 55318
      View Details

    FAQs

    What type of property is this?
    Hotel - Hospitality property in Chaska, Minnesota, near retail, parks, and schools.
    Where is this hotel located?
    The property is located at 1 Oak Ridge Dr Chaska Chaska, MN.
    What are key features of this property?
    This property features: Prime location in Chaska, Minnesota.; Proximity to retail, including the new Costco.; Overlooks McKnight Lake, offering serene views.
    (952) 800-2374
    We can help!
    Listing Contact
    Chris Jacobson, CCIM
    Chris Jacobson, CCIM
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!