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

    1628 Riverview Road St Peter, MN 56082

    View on Map
    Claim this Listing
    For Sale
    $59,900

    Residential - St. Peter, MN

    Lot size:
    0.41 Acres
    Added:
    Jun 1, 2021
    Days on Market:
    1801
    Last Refresh:
    May 6 at 9:06 pm

    Property Features for 1628 Riverview Road

    General Information

    Property type
    Land
    Property subtype
    Other
    EntryLevel
    16
    Standard status
    Active
    APN
    19.706.0150
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    750

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Christopher Cousins

    Listing agent Christopher Cousins License #40531582

    Listing office Viking Real Estate 304 Belle Avenue, Mankato, MN

    Listing date Jun 1, 2021

    MLS# 7027157 Listing URL

    Copyright © 2026 Realtor Association of Southern Minnesota. 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 lot, ready for your dream home!
    • Located in the desirable Prairie Heights Subdivision.
    • Location coordinates provided: [-93.975044,44.312275] for easy navigation.

    Overview

    Residential Lot in Prairie Heights

    This residential lot is located in the Prairie Heights Subdivision in St. Peter, Minnesota. The lot size is 0.41 acres.
    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 Gym & Fitness Center Daycare Center Skin Care Clinic Kitchen & Bath Showroom Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    St Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.975044
    Latitude
    44.312274

    Nearby Similar for Sale

    • $389,000
      3,008 SF

      St. Peter 4-Plex Investment Property

      Well-maintained 4-plex near downtown St. Peter and Gustavus College.
      804 S 4th Street, St. Peter, MN 56082
      View Details
    • $349,900
      1,982 SF

      Pine Pointe Quadplex Living

      Carefree living in a desirable St. Peter subdivision.
      1202 Pine Pointe Curve, St. Peter, MN 56082
      View Details
    • $357,000
      1,915 SF

      Spacious Townhome with Double Garage

      Carefree living in a bright, open St. Peter townhome.
      1201 Rockbend Parkway, St. Peter, MN 56082
      View Details
    • $225,000
      1,192 SF

      St. Peter Townhome with Garage

      Rare 3-bedroom, one-level townhome with updated kitchen and detached garage.
      1842 Macintosh Court, St. Peter, MN 56082
      View Details
    • $197,000

      Wooded Ravine Building Lot

      Almost 9-acre wooded lot near St. Peter, Minnesota.
      TBD 367th Avenue, St. Peter, MN 56082
      View Details
    • $6,650,000
      32,000 SF

      Highway Retail Investment Opportunity

      Mixed-use property in high-traffic St. Peter, MN.
      418 S Minnesota Ave, St. Peter, MN 56082
      View Details
    • $6,650,000

      Mixed-Use Highway Investment Opportunity

      Fully actualized mixed-use property with owner/user potential.
      418 S Minnesota Ave, St. Peter, MN 56082
      View Details
    • $300,000

      Saint Peter Development Opportunity

      Land parcel suitable for land and industrial projects.
      1303 Old Minnesota Ave, St Peter, MN
      View Details
    • $1,200,000

      Shovel-Ready Lot with Hoop Shed

      Accessible lot with outdoor storage and a hoop building.
      1716 N 3rd St, St Peter, MN
      View Details
    • Contact for pricing
      11,256 SF

      St. Peter Multi-Tenant Office

      Multi-tenant office space near Gustavus Campus and St. Peter Highschool.
      622 Sunrise Dr, St Peter, MN
      View Details
    • $59,900

      Residential Lot in Prairie Heights

      Residential land available in St. Peter, Minnesota's Prairie Heights.
      1624 Riverview Road, St. Peter, MN 56082
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available in the Prairie Heights Subdivision.
    Where is this residential land & home lot located?
    The property is located at 1628 Riverview Road St Peter, MN.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Amazing lot, ready for your dream home!; Located in the desirable Prairie Heights Subdivision.; Location coordinates provided: [-93.975044,44.312275] for easy navigation.
    (507) 382-1489
    We can help!
    Listing Contact
    Christopher Cousins
    Real Estate License ID: 40531582
    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
    1628 Riverview Road, St. Peter, MN 56082
    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!