Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 212 Visible Land Title is generated by Realmo AI

    12460 Jonathan Carver Pkwy, Chaska, MN

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

    8.64 acres with highway visibility near Twin Cities.

    Type:LAND
    Lot size:
    8.64 Acres
    Added:
    Jan 24, 2022
    Days on Market:
    1578
    Last Refresh:
    Apr 5 at 8:41 pm

    Property Features for 12460 Jonathan Carver Pkwy

    General Information

    Standard status
    Active
    Lot size
    8.64 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jeremy Grittner
    Jeremy Grittner

    Listing agent Jeremy Grittner License #40617345

    Listing office JLL

    Listing date Jan 24, 2022

    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 JLL

    HighLights

    • Excellent visibility to Highway 212
    • Approximately 8.64 acres available; site is divisible
    • Great proximity to Southwest Metro and Twin Cities
    • Utilities adjacent to site
    • Adjacent to Mills Fleet Farm
    • 12 minutes from Interstate 494

    Overview

    This site offers approximately 8.64 acres of divisible land with excellent visibility to Highway 212. The property benefits from its proximity to the Southwest Metro and Twin Cities, located just 12 minutes from Interstate 494. It features great regional access via Highway 212, County Road 61, and County Road 11. The location is adjacent to Mills Fleet Farm, and utilities are available adjacent to the site. The property is available for sale, lease, or build-to-suit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dans Same Day ... Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Cafe & Coffee Shop Daycare Center Bakery (Bike/Boat/Book/etc) Store Arcade & Gaming Center (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Chaska
    County
    Carver
    State
    Minnesota
    Longitude
    -93.6434
    Latitude
    44.7794

    Nearby Similar for Sale

    • $349,500

      Laketown Twp Land Parcel

      6-acre parcel ideal for hobby farm or country retreat.
      70xx County Road 10, Laketown Twp, MN 55318
      View Details
    • $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
    • $7,400,000

      Chaska Land for Business Park

      30.74 acres zoned "Business Park" in Chaska, Minnesota.
      4848 Engler Boulevard, Chaska, MN 55318
      View Details
    • $628,000
      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
    • $5,000,000

      120 Acre Property in Victoria

      Unique 120 acre property suitable for future development.
      8577 Tellers Road, Chaska, MN 55318
      View Details
    • Contact for pricing
      8 SF

      Retail Space in Chaska

      Retail space available for sale in Chaska, Minnesota.
      12460 Jonathan Carver Pkwy, 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
    • $650,000

      Residential Land with Lake Views

      Residential land with lake access and development potential.
      Tbd County Road 43, Laketown Twp, MN 55318
      View Details
    • $1,500,000

      Agricultural Land Near Chaska

      46.5 acres of agricultural land suitable for various ventures.
      Xx Tbd Mellgren Lane, Dahlgren Twp, 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

    FAQs

    What type of property is this?
    Land - 8.64 acres with highway visibility near Twin Cities.
    Where is this land located?
    The property is located at 12460 Jonathan Carver Pkwy Chaska, MN.
    What are key features of this property?
    This property features: Excellent visibility to Highway 212; Approximately 8.64 acres available; site is divisible; Great proximity to Southwest Metro and Twin Cities
    (320) 293-2511 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeremy Grittner
    Jeremy Grittner
    Real Estate License ID: 40617345
    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
    12460 Jonathan Carver Pkwy, Chaska, 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!