Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    6305 190th St W Jordan, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    15 acres of commercial land with utilities available.

    Type:LAND
    Lot size:
    15.00 Acres
    Added:
    Jan 18, 2024
    Days on Market:
    840
    Last Refresh:
    Apr 5 at 8:33 pm

    Property Features for 6305 190th St W

    General Information

    Standard status
    Active
    Lot size
    15.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Yvonne Perkins
    Yvonne Perkins

    Listing agent Yvonne Perkins License #731479

    Listing office Edina Realty Inc - Lakeville

    Listing date Jan 18, 2024

    Source Moodyscre

    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 Edina Realty Inc - Lakeville

    HighLights

    • 15 Acres guided for Commercial use
    • Sewer and water are available
    • More land available
    • Subject to split
    • Needs to be annexed into the city
    • Exact measurements to be determined by survey/split

    Overview

    Commercial Land Available For Sale

    This property features 15 acres of land guided for commercial use. Annexation into the city is required. Sewer and water utilities are available. Additional land may be available. The property is subject to split, and exact measurements will be determined by a survey. The tax amount is currently unknown and will be determined after the property split.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jordan
    County
    Scott
    State
    Minnesota
    Longitude
    -93.6502
    Latitude
    44.6733

    Nearby Similar for Sale

    • $7,200

      Restaurant Space Near Highway 169

      Restaurant space for lease with existing equipment in Jordan, MN.
      310 Eldorado Drive, Jordan, MN 55352
      View Details
    • $625,000

      Highway Commercial Land For Sale

      5 acres of commercial land near Highway 169 Interchange.
      712 Syndicate St, Jordan, MN
      View Details
    • $299,900
      1,960 SF

      New Storage Condo For Sale

      New storage/garage condo facility available south of Shakopee.
      17885 Valley View, Jordan, MN
      View Details
    • $2,500,000
      10,000 SF

      Industrial Building on 2.98 Acres

      10,000 sq ft industrial building with outdoor storage.
      17825 Valley View Dr, Jordan, MN
      View Details
    • $299,900
      43,120 SF

      New Storage Condo Facility For Sale

      New insulated and heated storage condo facility south of Shakopee.
      17885 Valley View #102, Jordan, MN 55352
      View Details
    • $1,632,000

      Industrial Land Overlooking Sand Creek

      Industrial land for sale with highway access and outdoor storage.
      17825 Valley View Dr Lot 1, Jordan, MN 55352
      View Details
    • $249,900

      Land in Country Setting

      Wonderful lot with great views and easy buildability.
      19739 Tayjules Way, Jordan, MN 55352
      View Details
    • $625,000

      Land For Sale in Jordan

      Land available near Highway 169 and County Road 9.
      712 Syndicate Street, Jordan, MN 55352
      View Details
    • $2,500,000
      10,000 SF

      Industrial Building on 2.98 Acres

      Industrial building with outdoor storage and cannabis manufacturing potential.
      17825 Valley View Dr, Jordan, MN 55352
      View Details
    • $6,064,000

      Highway 169 Commerce Center Land

      108+ acres for commercial and light industrial development.
      190th St W & W 195th St, Jordan, MN
      View Details
    • $976,000

      Industrial Land Overlooking Sand Creek

      Industrial development land with scenic views and convenient highway access.
      17825 Valley View Dr Lot 2, Jordan, MN 55352
      View Details
    • $646,900

      Industrial Land Overlooking Sand Creek

      Industrial development land with scenic views and highway access.
      17825 Valley View Dr Lot 4, Jordan, MN 55352
      View Details

    FAQs

    What type of property is this?
    Land - 15 acres of commercial land with utilities available.
    Where is this land located?
    The property is located at 6305 190th St W Jordan, MN.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: 15 Acres guided for Commercial use; Sewer and water are available; More land available
    (612) 709-1555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Yvonne Perkins
    Yvonne Perkins
    Real Estate License ID: 731479
    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
    6305 190th St W, Jordan, MN
    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!