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

    9943 14th Circle NE Saint Michael, MN 55376

    View on Map
    Claim this Listing
    For Sale
    $114,900

    Lots & Land - Saint Michael, MN

    Lot size:
    0.26 Acres
    Added:
    Jul 3, 2025
    Days on Market:
    301
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 9943 14th Circle NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    114389003030
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1632
    Expense value
    25
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Ollestad

    Listing agent Eric Ollestad

    Listing office Keller Williams Classic Realty 1740 116th Ave. NW Suite #100, Coon Rapids, MN

    Listing date Jul 3, 2025

    MLS# 6749811 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.

    Overview

    Residential Lots in Wilhelm Hills

    Located in the Wilhelm Hills development, this property offers residential lots in Saint Michael, Minnesota. The development is intimate, featuring a limited number of homesites. The available lots provide space for homes ranging from traditional to modern designs. The location is served by Saint Michael High School. This particular lot is a walk-out lot, and lookout lots are also available. All builders are welcome. Saint Michael is described as an up-and-coming suburb with a small-town feel. The development is located off Lake Wilhelm and is near shopping and local restaurants such as The River Inn and Big Bore. Crow Hassan and Beebe Lake Parks are also located nearby. Saint Michael features a new town center with amenities such as a splash pad. The property is zoned for residential single-family use and has a lot size of approximately 0.26 acres. The area offers opportunities to build a dream home in Wilhelm Hills.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Michael
    County
    Wright
    State
    Minnesota
    Longitude
    -93.7002
    Latitude
    45.1957

    Nearby Similar for Sale

    • $139,900

      Saint Michael Homesite Opportunity

      Residential lots available in Wilhelm Hills development, Saint Michael, MN.
      9942 14th Circle NE, Saint Michael, MN 55376
      View Details
    • $1,200,000

      Saint Michael Development Opportunity

      38-acre property in Saint Michael, MN, ready for development.
      Tbd 30th St NE, Saint Michael, MN 55376
      View Details
    • $4
      5 SF

      Industrial Land For Sale

      5.42 acres of industrial land with I-94 access.
      122xx 43rd Street Northeast, Saint Michael, MN, 55376
      View Details
    • $114,900

      Residential Lots in Saint Michael

      Residential lots available in Wilhelm Hills, Saint Michael, MN.
      9988 14th Circle NE, Saint Michael, MN 55376
      View Details
    • $849,900

      Residential Land in Saint Michael

      3.665 acre residential land for sale in Saint Michael, MN.
      325 Central Avenue W, Saint Michael, MN 55376
      View Details
    • $1,400,000
      8,700 SF

      Freestanding Building in St. Michael

      Retail property with drive-thru opportunity in a high-traffic location.
      701 Central Ave E, Saint Michael, MN 55376
      View Details
    • $13,530,000

      Rare 406 Acres with Lake

      406 acres of land with a private lake.
      Jamison Avenue NE, Saint Michael, MN 55376
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots available in Saint Michael, build your dream home.
    Where is this residential land & home lot located?
    The property is located at 9943 14th Circle NE Saint Michael, MN.
    What is the asking price?
    The asking price for this property is $114,900.
    What are key features of this property?
    This property features: Limited Availability: Only 11 lots remaining in the Wilhelm Hills development.; Located within the Saint Michael High School boundary.; Open to all builders, providing flexibility in design and construction.
    (763) 746-4900
    We can help!
    Listing Contact
    Eric Ollestad
    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!