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    1420 Voll Dr Byron, MN 55920

    Sponsored
    For Sale
    $1,500,000

    4.32 Acres, Build-Ready, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 4.32-acre commercial/industrial land parcel in Byron, MN, presents a unique investment opportunity. Located at 1420 Voll Dr NW, this Olmsted County property (APN 753123068516, 753123068522) is zoned for commercial use and offers significant advantages. The land is completely leveled and ready for immediate construction, saving time and money on site preparation. Essential utilities—including gas, electricity, water, sewer, and communication lines—are already stubbed to the lot, streamlining the development process. Its strategic location, just eight miles from Rochester, MN, provides easy access to major business centers and amenities, ensuring high visibility and convenient transportation via highway access. This high-demand location, coupled with the build-ready site and robust infrastructure, makes it ideal for various commercial enterprises, including industrial development, manufacturing facilities, or distribution centers. The strong local economy and high-visibility location further enhance the property's investment potential. Priced at $1,500,000, this is a rare chance to acquire a prime commercial land asset in a thriving Minnesota community. The property's exceptional features and strategic location make it an attractive proposition for businesses seeking a cost-effective and efficient development site.

    Property Features for 1420 Voll Dr

    General Information

    Property type
    Land
    Lot Size
    188,179 SF

    HighLights

    • 4.32‑acre build‑ready commercial/industrial lot in Byron, MN.
    • Eight miles from Rochester, MN, offering easy highway access.
    • High‑visibility location.
    • Strong local economy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Kitchen & Bath Storage Facility HVAC Service Women's Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Byron
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.673142
    Latitude
    44.029692

    Nearby Comparable

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    Nearby Similar for Sale

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      Dollar General NNN Investment

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      Byron Office Space for Lease

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      Byron Commercial Property - Lease/Sale

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      Byron, MN Multi-Tenant Office Building

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    FAQs

    What type of property is this?
    Land - 4.32 Acres, Build-Ready, Prime Location
    Where is this land located?
    The property is located at 1420 Voll Dr Byron, MN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 4.32-acre build-ready commercial/industrial lot in Byron, MN.; Eight miles from Rochester, MN, offering easy highway access.; High-visibility location.
    Request Owner's contact information
    1420 Voll Dr Byron, MN 55920
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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.

    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
    1420 Voll Dr Byron, MN 55920
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