Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cannon Lake Waterfront Land Title is generated by Realmo AI

    Tbd 232nd ST W, Faribault, MN 55021

    View on Map
    Claim this Listing
    New
    For Sale
    $175,000

    Lots & Land - Warsaw Twp, MN

    Lot size:
    1.60 Acres
    Added:
    May 22, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 11:06 pm

    Property Features for Tbd 232nd ST W

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Shoreline
    Standard status
    Active
    APN
    1418151007
    Lot size
    1.60 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    630

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Fielding

    Listing agent Jennifer Fielding

    Listing office eXp Realty 4525 White Bear Lake Pkwy, Suite 122, White Bear Lake, MN

    Listing date May 22, 2026

    MLS# 7079400 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

    • 1.6‑acre buildable lot with 150 feet of shoreline on Cannon Lake
    • Breathtaking water views and incredible sunsets
    • Prime lake frontage offering privacy and space
    • Year‑round recreation including boating and fishing
    • Abundant wildlife and peaceful surroundings
    • Convenient location near Faribault with easy access to the Twin Cities

    Overview

    This 1.6-acre lot is located in Warsaw Twp, MN, and offers 150 feet of shoreline on Cannon Lake. The property is zoned as Shoreline and provides an opportunity to build a lake home. The land offers water views, peaceful surroundings, abundant wildlife, sunsets, and year-round recreation including boating and fishing. It is located near Faribault with access to the Twin Cities corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.373285
    Latitude
    44.253716

    Nearby Similar for Sale

    • $525,000

      Faribault Multifamily Investment Opportunity

      Seven-unit property with income potential and historic charm in Faribault.
      226 7th Street NW, Faribault, MN 55021
      View Details
    • $319,000

      Mixed-Use Building in Downtown Faribault

      Prime mixed-use property in up-and-coming downtown Faribault, Minnesota.
      12 3rd Street NE, Faribault, MN 55021
      View Details
    • $549,900
      11,000 SF

      Historic Faribault Commercial Building

      Historic 11,000+ sq ft building near downtown Faribault, MN.
      222 3rd NW Avenue, Faribault, MN 55021
      View Details
    • $48,500

      Residential Land in Faribault, MN

      Residential land available in Faribault, Minnesota.
      3103 Acorn Trail, Faribault, MN 55021
      View Details
    • $525,000

      Mixed-Use Investment Opportunity in Faribault

      Mixed-use property in downtown Faribault, near Twin Cities.
      301 Central, Faribault, MN 55021
      View Details
    • $175,000

      Cannon Lake Waterfront Land

      1.7-acre lot with 125 feet of shoreline on Cannon Lake.
      To Be Determined 232nd St W, Warsaw Twp, MN 55021
      View Details
    • $299,000

      Iconic Corner Building on Central Avenue

      Historic downtown building with retail and residential potential.
      329 Central Avenue N, Faribault, MN 55021
      View Details
    • $260,000

      Iconic Downtown Building: Blank Slate

      Historic downtown building with storefront and residential income potential.
      313 Central Avenue N, Faribault, MN 55021
      View Details
    • $1,375,000

      Faribault Industrial/Commercial Property

      Industrial/commercial property with multiple outbuildings and nearly 5 acres.
      2108 8th Avenue NW, Faribault, MN 55021
      View Details
    • $549,900

      Historic Commercial Building in Faribault

      Historic 11,000+ sq ft commercial building near downtown Faribault, MN.
      222 3rd Avenue NW, Faribault, MN 55021
      View Details
    • $5
      88,003 SF

      Prime Office, Retail, Flex Space

      Up to 23,000 SF of flexible commercial space available.
      201 Lyndale S Avenue, Faribault, MN 55021
      View Details
    • $4
      30,000 SF

      Faribault Warehouse with Office Space

      Warehouse space with loading docks and office in Faribault.
      128 15th St, Faribault, MN 55021
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.6-acre lot with 150 feet of shoreline on Cannon Lake.
    Where is this waterfront land located?
    The property is located at Tbd 232nd ST W Faribault, MN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 1.6‑acre buildable lot with **150 feet of shoreline on Cannon Lake**; **Breathtaking water views and incredible sunsets**; Prime lake frontage offering privacy and space
    (507) 390-1071
    We can help!
    Listing Contact
    Jennifer Fielding
    Real Estate License ID: 40416607
    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
    Tbd 232nd ST W, Warsaw Twp, MN 55021
    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!