Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Scenic Land with Sunset Views Title is generated by Realmo AI

    21423 Vergus Avenue, Prior Lake, MN 55372

    View on Map
    Claim this Listing
    For Sale
    $350,000

    Lots & Land - Spring Lake Twp, MN

    Lot size:
    5.93 Acres
    Added:
    Feb 12, 2026
    Days on Market:
    98
    Last Refresh:
    May 21 at 11:06 am

    Property Features for 21423 Vergus Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    111740060
    Lot size
    5.93 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3500

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jordan Schroeder

    Listing agent Jordan Schroeder

    Listing office eXp Realty 4525 White Bear Parkway, White Bear Lake, MN

    Listing date Feb 12, 2026

    MLS# 7020942 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

    • Expansive western sunset views
    • Approximately six scenic acres
    • Offers privacy and tranquility
    • Ideal setting to design and build a custom home
    • Peaceful, natural backdrop
    • Available home build options

    Overview

    This property features approximately six scenic acres with expansive western sunset views, creating a peaceful and natural backdrop. The 5.93-acre lot offers privacy and tranquility, making it an ideal setting to design and build a custom home. Located in Spring Lake Twp, Scott County, Minnesota, this residential land is zoned for single-family use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant HVAC Service Furniture & Home Goods Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Prior Lake
    County
    Scott
    State
    Minnesota
    Longitude
    -93.475205
    Latitude
    44.635856

    Nearby Similar for Sale

    • $2,300,000
      19,962 SF

      Prior Lake Office Building

      19,962 SF office building in growing Prior Lake area.
      5505 Cottonwood Lane SE, Prior Lake, MN 55372
      View Details
    • Contact for pricing

      Prime Commercial Space in Prior Lake

      Flexible commercial space in a high-demand, vibrant community.
      4636 Colorado Street SE, Prior Lake, MN 55372
      View Details
    • $499,900

      Acreage Lot with Lake Views

      Premier 3.79-acre lot with lake views in Prior Lake.
      6167 Lake Drive, Prior Lake, MN 55372
      View Details
    • $599,000

      Tara Farm Land Opportunity

      9.47-acre lot in luxury acreage community near Lakeville.
      20011 Nevada Avenue, Credit River Twp, MN 55372
      View Details
    • $1,900,000

      Prior Lake Commercial Land Available

      Commercial land for sale in Prior Lake, Minnesota.
      14162 Commerce Avenue NE, Prior Lake, MN 55372
      View Details
    • $999,000

      Scenic 10-Acre Land Parcel

      Private 10-acre land with Credit River frontage in Prior Lake.
      19516 Hampshire Court, Prior Lake, MN 55372
      View Details
    • $390,000

      Expansive Homesite in Credit River

      7.24 acre homesite for custom estate in Credit River.
      20860 Horseshoe Court, Credit River, MN 55372
      View Details
    • $350,000

      2.52 Acre Homesite Opportunity

      Exceptional homesite for a custom estate home in Credit River.
      20956 Horseshoe Court, Credit River, MN 55372
      View Details
    • $375,000

      Lakefront Lot for Custom Home

      6+ acre lakefront lot ideal for custom home building.
      21567 Vergus Avenue, Spring Lake Twp, MN 55372
      View Details
    • $499,900

      Residential Land in Prime Location

      Buildable corner lot near Prior Lake with utilities ready.
      14691 Bluebird Trail NE, Prior Lake, MN 55372
      View Details
    • $135,000

      Fractional Lakefront Ownership Opportunity

      Fractional lakefront lot on Prior Lake with private access.
      XXX Red Oaks Road, Prior Lake, MN 55372
      View Details
    • $2,750,000
      21,588 SF

      Former School District Office Building

      21,588 SF office building with 2,700 SF storage/garage.
      4540 Tower St SE, Prior Lake, MN
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Tranquil 5.93-acre lot perfect for custom home construction.
    Where is this residential land & home lot located?
    The property is located at 21423 Vergus Avenue Prior Lake, MN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Expansive western sunset views; Approximately six scenic acres; Offers privacy and tranquility
    (651) 491-3191
    We can help!
    Listing Contact
    Jordan Schroeder
    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
    21423 Vergus Avenue, Spring Lake Twp, MN 55372
    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!