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    Waterfront Park Model Cabin Title is generated by Realmo AI

    2221 Reubens Lane SW, Farwell, MN 56327

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    Claim this Listing
    New
    For Sale
    $248,900

    Lots & Land - Farwell, MN

    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 12:06 pm

    Property Features for 2221 Reubens Lane SW

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Other,Residential-Single Family
    Standard status
    Active
    APN
    TBD

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    22512
    Expense value
    1475
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Casey Olson
    Casey Olson

    Listing agent Casey Olson

    Listing office Real Estate by Jo, LLC 310 Broadway, Alexandria, MN

    Listing date Jun 2, 2026

    MLS# 7085395 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

    • 2017 park model with waterfront location in the Wildridge Association Co‑op
    • Dock, lift, and storage shed included for lake access and storage
    • Main level offers 1 bedroom and 1 full bathroom with an open‑concept kitchen and living area
    • Two loft‑style bunkrooms provide extra sleeping space for family and guests
    • Covered deck extends near the shoreline for waterfront outdoor living
    • Wildridge amenities include a sandy beach, basketball court, pickleball courts, fish cleaning house, pavilion, and playground

    Overview

    This 2017 park model cabin is situated directly on the water within the Wildridge Association Co-op and offers a comfortable, open-concept kitchen and living area with a warm fireplace. The main level includes one bedroom and one full bathroom, with two loft-style bunkrooms providing additional sleeping space for family and guests. Outdoor living is a highlight, with an expansive covered deck that reaches toward the shoreline, plus included lake gear such as a dock, lift, and storage shed.

    Located at 2221 Reubens Lane SW in Farwell, MN, the property is positioned as the last cabin in the row, adding privacy with no neighbors on one side. Wildridge Association Co-op also provides a range of community amenities, including a sandy beach, basketball court, pickleball courts, fish cleaning house, pavilion, and playground.

    For buyers seeking a ready-to-use lakeside escape, this cabin is well suited as a seasonal home base thanks to its on-water setting and included dock and lift. The covered deck and flexible sleeping layout support both relaxed downtime and guest visits, while the co-op amenities offer additional options without requiring off-site planning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wildridge RV Association Hotel & Motel

    Suggested Use

    Hotel & Motel Bed & Breakfast Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Farwell
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.5501318
    Latitude
    45.8718583

    FAQs

    What type of property is this?
    Campground - A 2017 park model with dock, lift, and covered lakeside deck for a turnkey seasonal retreat in Wildridge.
    Where is this campground located?
    The property is located at 2221 Reubens Lane SW Farwell, MN.
    What is the asking price?
    The asking price for this property is $248,900.
    What are key features of this property?
    This property features: 2017 park model with waterfront location in the Wildridge Association Co‑op; Dock, lift, and storage shed included for lake access and storage; Main level offers 1 bedroom and 1 full bathroom with an open‑concept kitchen and living area
    (307) 371-7176
    We can help!
    Listing Contact
    Casey Olson
    Casey Olson
    Request Owner's contact information
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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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