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

    CR 50 & Pilot Knob Rd Farmington, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    65.69 acres suitable for commercial, industrial, or residential development.

    Type:LAND
    Lot size:
    65.69 Acres
    Added:
    Jun 25, 2025
    Days on Market:
    308
    Last Refresh:
    Apr 5 at 8:37 pm

    Property Features for CR 50 & Pilot Knob Rd

    General Information

    Standard status
    Active
    Lot size
    65.69 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Brian Pankratz

    Listing agent Brian Pankratz

    Listing office CBRE - Minnesota

    Listing date Jun 25, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Minnesota

    Overview

    Divisible Acreage with Development Potential

    Available for sale is a +/- 65.69 acre parcel of land. The property is located 2 miles from Farmington High School and 21 miles from MSP International Airport. The zoning and future land use designations permit a variety of uses, including commercial, light industrial, office, medical office, and potential residential development. The site benefits from frontage on CR-50/212th St W, with a planned 4-way intersection at CR 50/Pilot Knob Rd to service the property. Direct access is available to 217th St W, CR-50/212th St W, and Pilot Knob Rd. Over 1,500 new housing units are either finished or under construction in the immediate vicinity. Utilities are available to the site. The extension of Pilot Knob Rd is planned for 2025, including a new stop light at CR-50/Pilot Knob. The property offers convenient access to schools, parks, the Farmington Ice Rink, and regional trails.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Farmington
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1435
    Latitude
    44.6402

    Nearby Similar for Sale

    • $195,000

      Acreage Lot in Central Farmington

      One acre lot with mature trees and city utilities.
      5305 190th Street W, Farmington, MN 55024
      View Details
    • $144,900

      Land Parcel in Castle Rock

      3.62-acre parcel with river frontage near Farmington, Minnesota.
      Tbd Biscayne Avenue, Castle Rock Twp, MN 55024
      View Details
    • $150,000

      Residential Land in Empire Twp

      Land available in Deer Creek development, Empire Township, Minnesota.
      19740 Burlington Path, Empire Twp, MN 55024
      View Details
    • $9,950,000
      105,040 SF

      Industrial Property with Outdoor Storage

      Large industrial complex with significant outdoor storage available Q3 2027.
      4300 220th St W, Farmington, MN
      View Details
    • Contact for pricing
      6,254 SF

      Farmington Industrial Building For Lease

      Industrial building in Farmington with climate control and solar panels.
      21170 Eaton Ave, Farmington, MN
      View Details
    • Contact for pricing
      2 SF

      Land Available in Farmington

      Two acre land parcel in Farmington, Minnesota.
      4650 Knutsen Drive, Farmington, MN, 55024
      View Details
    • $1,400,000
      31,761 SF

      Farmington Industrial Flex Space For Sale

      31,761 SF industrial flex space in Farmington, Minnesota.
      701 1st St, Farmington, MN
      View Details
    • Contact for pricing

      Land Ready for Development

      Commercial land with road infrastructure and subdivision potential.
      County Rd 50 & Pendersen Way, Farmington, MN
      View Details
    • Contact for pricing

      Land Ready for Development

      Commercial land with road infrastructure, ready for retail development.
      County Rd 50 & Dushane Pkwy, Farmington, MN
      View Details
    • Contact for pricing

      Farmington Land Parcel For Sale

      110.2 acres of land with development potential.
      212th St W & Pilot Knob Rd, Farmington, MN
      View Details
    • $4,000,000

      79.3 Acres Agricultural Land

      79.3 acres of agricultural land, house, potential development site.
      18679 Flagstaff Ave, Farmington, MN
      View Details
    • $4,000,000

      Land Available For Sale

      Land available for sale in Farmington, Minnesota.
      18679 Flagstaff Ave, Farmington, MN 55024
      View Details

    FAQs

    What type of property is this?
    Land - 65.69 acres suitable for commercial, industrial, or residential development.
    Where is this land located?
    The property is located at CR 50 & Pilot Knob Rd Farmington, MN.
    What are key features of this property?
    This property features: Divisible 65.69 acre property with versatile zoning.; Prime location: just 2 miles from Farmington High School.; Excellent accessibility with frontage on CR‑50/212th St W.
    (952) 924-4665 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Pankratz
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!