Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    13041 Diamond Path Apple Valley, MN 55124

    • Commercial real estate
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0914275
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13041 Diamond Path

    Lot size
    1.19 lot acres
    Property type
    Commercial real estate
    APN
    01-44300-01-020

    Description

    This exceptional 1.19-acre lot in Apple Valley, Minnesota, presents a unique opportunity to build your dream home. Located at 13041 Diamond Path, this property boasts spectacular views of Farquar Lake within a new lakeshore development. The lot features a gradual slope down to the lake, offering unparalleled privacy and access to the water. The asking price is $498,000. The property is designated as residential land and is open to builders of all types, allowing for complete customization of your future home. The lot's size provides ample space for a substantial residence and landscaping, maximizing the breathtaking lake views. Located in Dakota County, with a zip code of 55124, this property offers a desirable location with easy access to local amenities. The Assessor's Parcel Number (APN) is 01-44300-01-020. This is a rare opportunity to own a large, private lot in a prestigious lakeside community. Don't miss your chance to create your ideal lakeside retreat.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1656596
    Latitude
    44.7621275

    Comparable in this City

    • $289,900
      1,532 SF

      Cobblestone Home with Community Amenities

      Apple Valley home near shops, restaurants, and community features.
      15588 Eastbrook Ln, Apple Valley, MN 55124
      View Details
    • $199,000

      Updated Condo in Apple Valley

      Spacious 3-bedroom, 2-bathroom condo with recent updates and amenities.
      14620 Garrett Ave, Apple Valley, MN 55124
      View Details
    • Contact for pricing
      0.51 Acres

      Apple Valley Commercial Land

      High-traffic retail outlot near Target.
      15891 Emperor Ave, Apple Valley, MN 55124
      View Details
    • $500,000

      Commercial Land on High Traffic

      1.1 acre commercial land with utilities and existing parking.
      15035 Dove Trl, Apple Valley, MN 55124
      View Details
    • $285,000
      1.33 Acres

      Wooded Acreage in Apple Valley

      Rare 1+ acre wooded lot in Apple Valley, MN.
      12786 Denmark Ave, Apple Valley, MN 55124
      View Details
    • $1,250,000
      6,640 SF

      Apple Valley Industrial/Retail Opportunity

      6,640 SF building with conversion potential in Apple Valley.
      7600 146Th St W, Apple Valley, MN 55124
      View Details

    Similar Nearby for Sale

    • $289,900
      1,532 SF

      Cobblestone Home with Community Amenities

      Apple Valley home near shops, restaurants, and community features.
      15588 Eastbrook Ln, Apple Valley, MN 55124
      View Details
    • $199,000

      Updated Condo in Apple Valley

      Spacious 3-bedroom, 2-bathroom condo with recent updates and amenities.
      14620 Garrett Ave, Apple Valley, MN 55124
      View Details
    • Contact for pricing
      0.51 Acres

      Apple Valley Commercial Land

      High-traffic retail outlot near Target.
      15891 Emperor Ave, Apple Valley, MN 55124
      View Details
    • $500,000

      Commercial Land on High Traffic

      1.1 acre commercial land with utilities and existing parking.
      15035 Dove Trl, Apple Valley, MN 55124
      View Details
    • $285,000
      1.33 Acres

      Wooded Acreage in Apple Valley

      Rare 1+ acre wooded lot in Apple Valley, MN.
      12786 Denmark Ave, Apple Valley, MN 55124
      View Details
    • $1,250,000
      6,640 SF

      Apple Valley Industrial/Retail Opportunity

      6,640 SF building with conversion potential in Apple Valley.
      7600 146Th St W, Apple Valley, MN 55124
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for High-Traffic Development

      Prime commercial land with high visibility and traffic counts.
      147Th St, Apple Valley, MN 55124
      View Details
    • Contact for pricing
      10,000 SF

      Prime Apple Valley Buildable Acres

      2.65-3.16 acre sites for lease or build-to-suit.
      155Th St, Apple Valley, MN 55124
      View Details
    • Contact for pricing

      Apple Valley Office Space For Lease

      Multiple private offices available with ample parking and great visibility.
      15322 Galaxie Ave, Apple Valley, MN 55124
      View Details
    • Contact for pricing
      3,971 SF

      Apple Valley Retail Space Available

      Retail space in a prime Apple Valley location for lease.
      14800-14870 Granada Ave, Apple Valley, MN 55124
      View Details
    • Contact for pricing
      120 SF

      Move-in Ready Office Space Available

      Professional office space with shared amenities in Apple Valley, MN.
      14501 Granada Dr, Apple Valley, MN 55124
      View Details
    • Contact for pricing
      78,045 SF

      Apple Valley Warehouse Space

      78,045 square foot warehouse space available for lease.
      6175 147Th St W, Apple Valley, MN 55124
      View Details
    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.
    13041 Diamond Path
    Apple Valley, MN 55124
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.