Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Oneka Place Title is generated by Realmo AI

    16181 Empress Avenue N, Hugo, MN 55038

    View on Map
    Claim this Listing
    For Sale
    $149,900

    Lots & Land - Hugo, MN

    Lot size:
    0.24 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    280
    Last Refresh:
    May 18 at 2:06 am

    Property Features for 16181 Empress Avenue N

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    0703121340052
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1524
    Expense value
    210
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrew C. Prasky
    Andrew C. Prasky

    Listing agent Andrew C. Prasky

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

    Listing date Aug 12, 2025

    MLS# 6768954 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

    • Amazing Lookout Lot
    • Prime Oneka Place Location
    • Bring Your Own Builder to create your vision
    • Eternity Homes Option Available if you prefer
    • Build Your New Dream Home
    • Coordinates Provided for easy location

    Overview

    This 0.244-acre residential lot is located in Oneka Place in Hugo, Minnesota. The property is zoned for single-family residential use. The lot is described as an amazing lookout lot, suitable for building a new home. Buyers have the option to bring their own builder or work with Eternity Homes to develop a home plan and construct their new dream home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hugo
    County
    Washington
    State
    Minnesota
    Longitude
    -93.0170533
    Latitude
    45.1774534

    Nearby Similar for Sale

    • $675,000

      Commercial Lot on Highway 61

      2-acre commercial lot with frontage on Highway 61.
      Tbd Forest Boulevard N, Hugo, MN 55038
      View Details
    • $425,000

      Expansive 12-Acre Land Parcel

      12 acre parcel offers endless possibilities near shopping and freeway.
      15xxx Everton Avenue N, Hugo, MN 55038
      View Details
    • $993,000
      3,595 SF

      Hugo Office Building For Sale

      Office building in a rapidly growing community with highway access.
      4644 Victor Path, Hugo, MN
      View Details
    • $378,000

      18-Acre Lot in May Twp

      Beautiful 18-acre lot in May Twp, MN, ready for development.
      Xxx Keystone Avenue N, May Twp, MN 55038
      View Details
    • $250,000

      10-Acre Residential Land Parcel

      10-acre open builder site in Hugo, MN, Stillwater School District.
      128xx Jody Ave, Hugo, MN 55038
      View Details
    • $300,000

      10 Acre Builder Lot

      Open lot with pond ready for dream home construction.
      Xxxxx Jeffrey Ave N - Parcel B, Hugo, MN 55038
      View Details
    • $250,000

      10-Acre Open Builder Site

      10-acre open builder site in Hugo, MN, Stillwater School District.
      127xx Jody Ave N, Hugo, MN 55038
      View Details
    • Contact for pricing

      Prime Hugo Development Land

      4.3 acres of commercial land in downtown Hugo.
      14655 Forest Blvd , Hugo, MN
      View Details
    • Contact for pricing

      27 Acre Commercial Development Site

      27 acres of land with highway frontage in Hugo, MN.
      16673 Forest Blvd N, Hugo, MN
      View Details
    • $876,000

      Buildable Land in Hugo, MN

      Land divided into two buildable areas totaling 4.287 acres.
      12101 Forest Blvd N, Hugo, MN
      View Details
    • $876,000

      25.22 Acres of Land

      25.22 acres of land available for sale.
      12101 Forest Blvd N, Hugo, MN 55110
      View Details
    • Contact for pricing

      Land Near I-35 Junction

      26 acres of commercial land near I-35 available.
      W Freeway Dr, Hugo, MN
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot for sale in Hugo, Washington County, Minnesota.
    Where is this residential land & home lot located?
    The property is located at 16181 Empress Avenue N Hugo, MN.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Amazing Lookout Lot; Prime Oneka Place Location; Bring Your Own Builder to create your vision
    (763) 433-0850
    We can help!
    Listing Contact
    Andrew C. Prasky
    Andrew C. Prasky
    Real Estate License ID: 20194570
    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
    16181 Empress Avenue N, Hugo, MN 55038
    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!