Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Excel Dr Mankato, MN 56001
    Back to Search
    Property profile & analytics

    Excel Dr Mankato, MN 56001

    View on Map
    • Land
    • 4.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Excel Dr

    Lot size
    4.25 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 4.25-acre commercial, industrial, and residential land parcel presents a unique development opportunity in Mankato, Minnesota. Located on Excel Drive, this property (APN R01.09.03.376.001) offers 185,130 square feet of buildable land, ideally suited for residential construction. Its prime location provides convenient access to Highways 22 and 14, ensuring easy commutes for future residents. The area boasts strong community appeal, with established neighborhoods, nearby schools, retail centers like River Hills Mall, and local parks, creating a desirable living environment. The high demand for housing in Mankato makes this a rare chance to capitalize on a thriving market and contribute to the city's growth. This property is zoned for commercial, industrial, and residential uses, offering flexibility for various development plans. The asking price for this exceptional parcel is $740,520. Don't miss this opportunity to acquire a significant piece of land in a rapidly developing area of Mankato.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.943
    Latitude
    44.1815

    Comparable in this City

    • Value Estimation by Request
      4.22 Acres

      Excel Dr

      Land • 4.22 Acres
      0 Excel Dr, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      8.99 Acres

      Excel Dr

      Land • 8.99 Acres
      0 Excel Dr, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      3.80 Acres

      Tbd Adams

      Land • 3.80 Acres
      0 Tbd Adams, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      16.21 Acres

      1 Adams St

      Land • 16.21 Acres
      1 Adams St, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      19.00 Acres

      59100 Madison Ave

      Land • 19.00 Acres
      59100 Madison Ave, Mankato, MN 56001
      View Details
    • Value Estimation by Request
      23.35 Acres

      2090 Adams St

      Land • 23.35 Acres
      2090 Adams St, Mankato, MN 56001
      View Details

    Similar Nearby for Sale

    • $499,900

      Land For Sale

      Land available at the corner of Bassett Drive and Carver Road.
      21529 586Th Ave, Mankato, MN 56001
      View Details
    • $295,000
      0.21 Acres

      Downtown Mankato Church - Price Reduced

      Historic Church, 7,612 SF, Redevelopment Potential
      119 State St, Mankato, MN 56001
      View Details
    • Contact for pricing
      32.00 Acres

      Mankato Commercial Land Development

      32 Acres, Highway Frontage, Ready to Build
      0 Address Not Disclosed, Mankato, MN 56001
      View Details
    • $94,000
      1.90 Acres

      Mankato Land For Sale

      Residential land available in Mankato, Minnesota.
      583Rd Ave, Mankato, MN 56001
      View Details
    • $795,000

      Fairmont Commercial Shop Condo Units

      Flexible commercial units for sale or lease in Fairmont, MN.
      1235 Range St, Mankato, MN 56001
      View Details
    • New
      $269,900
      2,204 SF

      Mankato Investment Property For Sale

      Turn-key five-bedroom investment property in Mankato, MN. Leased at $2,500/mo.
      926 S Front St, Mankato, MN 56001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mankato Warehouse with Storage Space

      Warehouse with overhead doors, office space, and outside storage.
      55177 210Th Ln, Mankato, MN 56001
      View Details
    • $6 SF/Yr

      Mankato Warehouse with Storage Space

      Warehouse with overhead doors, small office, and outside storage.
      55177 210Th Ln, Mankato, MN 56001
      View Details
    • $9 SF/Yr

      Repurposed Retail Property with Medical Focus

      Retail, office, and industrial spaces available in Mankato, MN.
      1400 Madison Ave, Mankato, MN 56001
      View Details
    • $22 SF/Yr
      2,299 SF

      Mankato Multi-Tenant Industrial Building

      Renovated light industrial building with flexible spaces for lease.
      1531 Madison Ave, Mankato, MN 56001
      View Details
    • $11 SF/Yr

      Mankato Industrial Facility For Lease

      Well-located industrial facility with warehouse, distribution, and retail space.
      320 Lundin Blvd, Mankato, MN 56001
      View Details
    • Contact for pricing

      Mankato Flex Space Available

      Versatile commercial space near downtown Mankato with showroom and warehouse.
      127 Lamm St, Mankato, MN 56001
      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.
    Excel Dr
    Mankato, MN 56001
    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
    Excel Dr, Mankato, MN, 56001
    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!