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

    1773 Neal Street Red Wing, MN 55066

    View on Map
    Claim this Listing
    New
    For Sale
    $65,000

    Lots & Land - Red Wing, MN

    Lot size:
    0.49 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 1 at 8:06 pm

    Property Features for 1773 Neal Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    551990150
    Lot size
    0.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    842

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Timothy A Nybo

    Listing agent Timothy A Nybo

    Listing office Coldwell Banker - Nybo & Associates 2809 S. Service Drive, Red Wing, MN

    Listing date Apr 30, 2026

    MLS# 7065858 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.

    Overview

    Residential Lot in Gadient Heights

    This residential building site, situated in Red Wing, MN, spans 0.49 acres and represents the last available lot within the 15-lot Gadient Heights Third Subdivision. The subdivision is characterized by upscale, custom-built homes and borders the Billings-Tomfohr Conservation Area, a 93-acre natural area featuring prairie habitat, hiking trails, and scenic overlooks. Access to the hiking trail is located at the end of the Neal St. cul-de-sac. According to the City's Planning Manager, the three wooded lots at the top of the cul-de-sac to the right of the BCTA trailhead are owned by the City of Red Wing and are under a permanent conservation easement, ensuring no future construction on those lots. Buyers have the freedom to select any builder, provided the chosen builder adheres to the building requirements outlined in the covenants. Covenants are available upon request. The property is located in Goodhue County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.555133
    Latitude
    44.54815

    Nearby Similar for Sale

    • $770,000

      Red Wing Commercial Opportunity

      Sporting goods store or real estate for sale in Red Wing.
      2301 Old West Main Street, Red Wing, MN 55066
      View Details
    • $950,000

      Red Wing Commercial Opportunity

      Versatile commercial building with high visibility and ample parking.
      4902 Moundview Drive, Red Wing, MN 55066
      View Details
    • $220,000

      Red Wing Commercial Opportunity

      Commercial building with large space, offices, and heated storage.
      2311 Old West Main Street, Red Wing, MN 55066
      View Details
    • $710,000

      Red Wing Commercial Opportunity

      Family-owned business and property for sale in Red Wing, MN.
      2335 Old West Main Street, Red Wing, MN 55066
      View Details
    • $120,000

      Residential Lot in Quiet Cul-de-Sac

      Desirable residential lot for custom home in Red Wing, MN.
      1348 Hillside Drive, Red Wing, MN 55066
      View Details
    • Contact for pricing
      52,411 SF

      Red Wing Manufacturing/Warehouse Opportunity

      52,411 SF office, warehouse, and manufacturing space for sale.
      2760 North Service Drive, Red Wing, MN, 55066
      View Details
    • $120,000

      Residential Lot with Breathtaking Views

      Residential lot offering privacy and views in Red Wing, MN.
      1330 Hillside Drive, Red Wing, MN 55066
      View Details
    • $950,000
      13,920 SF

      Historic Building in Downtown Red Wing

      Historic building with leased spaces and vacant opportunities.
      210-214 Bush Street, Red Wing, MN 55066
      View Details
    • Contact for pricing
      86,453 SF

      Red Wing Redevelopment Opportunity

      Red Wing Health Center: a redevelopment opportunity near the Mississippi River.
      1412 W 4th St, Red Wing, MN 55066
      View Details
    • $100,000

      Two Acre Residential Building Site

      Two acre lot with wooded backyard and valley views.
      27055 River View Court, Wacouta Twp, MN 55066
      View Details
    • $115,000

      Residential Land in Wacouta Township

      2.4 acre building site with wooded backyard and valley views.
      27021 River View Court, Wacouta Twp, MN 55066
      View Details
    • $85,000

      Residential Land in Wacouta Township

      2.58 acre building site with countryside views.
      28413 Kaffitz Road, Wacouta Twp, MN 55066
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential building site in upscale subdivision bordering conservation area.
    Where is this residential land & home lot located?
    The property is located at 1773 Neal Street Red Wing, MN.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Adjacent to the 93‑acre Billings‑Tomfohr Conservation Area (BCTA) offering prairie habitat, hiking trails, and scenic overlooks.; Direct hiking trail access from the end of the Neal St. cul‑de‑sac.; Last available lot in the upscale Gadient Heights Third Subdivision.
    (651) 380-1228
    We can help!
    Listing Contact
    Timothy A Nybo
    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

    1773 Neal Street, Red Wing, MN 55066

    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!