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    Lake Access Lot with Park Model Title is generated by Realmo AI

    18096 Browns Lake Road, Richmond, MN 56368

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    Claim this Listing
    New
    For Sale
    $178,900

    Lots & Land - Eden Lake Twp, MN

    Lot size:
    0.02 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 8 at 9:06 am

    Property Features for 18096 Browns Lake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    08050440071
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1270
    Expense value
    1000
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Morgan Gregory
    Morgan Gregory

    Listing agent Morgan Gregory

    Listing office Central MN Realty 80 37th Ave S Suite 200, Saint Cloud, MN

    Listing date Jun 5, 2026

    MLS# 7088349 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

    • Park model lot included, plus park model and furnishings, offered as move‑in ready and fully furnished
    • Access to over 15 interconnected lakes on the Horseshoe Chain of Lakes for fishing, boating, and recreation
    • Horseshoe Shores Association amenities include in‑ground pool, private beach, dock, and boat slip
    • Association also provides lawn maintenance, fish cleaning shack, and lodge that can be used for events or parties
    • Main level includes primary bedroom, full bath, and open‑concept living area with electric fireplace
    • Oversized screened‑in porch and upper‑level loft provide additional sleeping space with views over the main living area

    Overview

    This offering includes a lake lot, a park model, and included furnishings. The property is described as clean, well-maintained, and move-in ready. The main level features a primary bedroom, a full bath, and an open-concept living area with an electric fireplace. The functional kitchen includes a coffee bar, and there is a dining area. An upper-level loft adds additional sleeping space overlooking the main living area. A notable feature is the oversized screened-in porch, designed for relaxed, bug-free outdoor time while taking in the lakeside setting.

    The property is located in Eden Lake Township, Minnesota, at 18096 Browns Lake Road, 56368, within the Horseshoe Chain of Lakes area. The remarks state the lakes provide access to over 15 interconnected lakes for fishing, boating, and recreation. As part of the Horseshoe Shores Association, residents are described as having access to an in-ground pool, private beach, dock, and a boat slip. The association is also described as handling lawn maintenance and offering common amenities such as a fish cleaning shack and a lodge that can be used for events or parties.

    From a practical standpoint, this setup can fit buyers seeking a straightforward, turnkey lake lifestyle with on-site accommodations and association-supported waterfront amenities. With included furnishings and a layout designed for both main-level living and additional sleeping in the loft, the park model is positioned as an easy move-in option for weekend use or seasonal stays.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.5295779
    Latitude
    45.385043

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    FAQs

    What type of property is this?
    Mobile home & RV park - Low-maintenance lake property includes a move-in-ready furnished park model and access to dock, beach, and boat slip.
    Where is this mobile home & rv park located?
    The property is located at 18096 Browns Lake Road Richmond, MN.
    What is the asking price?
    The asking price for this property is $178,900.
    What are key features of this property?
    This property features: Park model lot included, plus park model and furnishings, offered as move‑in ready and fully furnished; Access to over 15 interconnected lakes on the Horseshoe Chain of Lakes for fishing, boating, and recreation; Horseshoe Shores Association amenities include in‑ground pool, private beach, dock, and boat slip
    (320) 293-5913
    We can help!
    Listing Contact
    Morgan Gregory
    Morgan Gregory
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    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.

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    18096 Browns Lake Road, Eden Lake Twp, MN 56368
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