Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Riv Rd. & Rawlings Ave Otsego, MN 55330
    Property profile & analytics

    Riv Rd. & Rawlings Ave, Otsego, MN 55330

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

    Current Use by Public Records

    • Land

    Property Details for 0 Riv Rd. & Rawlings Ave

    Lot size
    81.00 lot acres
    Property type
    Land

    Description

    This exceptional 81-acre parcel, located at the intersection of NE River Rd. and Rawlings Ave in Otsego, Minnesota (zip code 55330), presents a unique opportunity for residential development. Currently zoned A-1 Agricultural Service Area, the property is poised for future development as Medium and High Density (MHD) Residential, offering significant flexibility for a variety of housing options. The expansive acreage allows for the creation of diverse housing products, including single-family homes, villas, townhomes, and smaller single-family lots, catering to a broad range of buyer preferences. Convenient access to Highway 101 is ensured via nearby 70th St. NE and 53rd St. NE, enhancing the site's appeal and accessibility. Residents will enjoy the proximity to the Mississippi and Crow Rivers, offering access to recreational amenities. Furthermore, the property is situated within the highly regarded Elk River School District #728, a key factor for families considering the area. The developer will provide site entitlements, offering the choice between paper lots or fully developed lots with amenities, streamlining the development process for the buyer. This is a rare opportunity to acquire a large, well-located tract of land with significant potential for a thriving residential community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Otsego
    County
    Wright
    State
    Minnesota
    Longitude
    -93.5248
    Latitude
    45.2445

    Comparable in this City

    • Value Estimation by Request
      132.55 Acres

      21566 Us-169

      Land
      21566 Us-169, Elk River, MN 55330
      View Details
    • Value Estimation by Request
      4.72 Acres

      71St St

      Land
      0 71St St, Otsego, MN 55330
      View Details
    • Value Estimation by Request
      3.02 Acres

      Tbd Quaday Ave

      Land
      0 Tbd Quaday Ave, Otsego, MN 55330
      View Details
    • Value Estimation by Request
      5.00 Acres

      71St St

      Land
      0 71St St, Otsego, MN 55330
      View Details
    • Value Estimation by Request
      2.00 Acres

      Highway 169

      Land
      0 Highway 169, Elk River, MN 55330
      View Details
    • Value Estimation by Request
      12.13 Acres

      17610 Tyler St

      Land
      17610 Tyler St, Elk River, MN 55330
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Elk River

      Land for sale located at NE of 165th Ave NW.
      10852 168 Ct, Elk River, MN 55330
      View Details
    • Contact for pricing

      Development Land Near Transportation Hub

      12.13 acres of land with development potential.
      17610 Tyler St NW, Elk River, MN 55330
      View Details
    • Contact for pricing

      Land Off Hwy 101

      Highly accessible land situated near home developments off Hwy 101.
      72nd 72Nd St NE, Otsego, MN 55330
      View Details
    • $172,000

      Land For Sale

      Land available in Elk River, Minnesota.
      18651 Ogden Cir NW, Elk River, MN 55330
      View Details
    • Contact for pricing
      11,536 SF

      55+ Community Investment Opportunity

      Eight-unit, 55+ community built in 2020, great location.
      11038 183Rd Cir NW, Elk River, MN 55330
      View Details
    • New
      $2,500,000
      1.78 Acres

      Elk River Investment Opportunity

      55+ 1-Level rental community with stable tenant base.
      11024-11038 183Rd Cir NW, Elk River, MN 55330
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,776 SF

      Modern Industrial Space For Rent

      Functional industrial space with office build-out and heavy power.
      17834 Industrial Cir NW, Elk River, MN 55330
      View Details
    • Contact for pricing
      1,822 SF

      Retail Space on Highway 169

      Retail space with high visibility and ample parking available for rent.
      19320-19344 Highway 169 NW, Elk River, MN 55330
      View Details
    • Contact for pricing

      Retail Space in Elk River

      Retail space in a grocery-anchored center with high traffic.
      19216 Freeport St NW, Elk River, MN 55330
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Industrial space available for lease in Elk River, Minnesota.
      17834 Industrial Cir NW, Elk River, MN 55330
      View Details
    • Contact for pricing

      Medical Office Space in Elk River

      Medical office space for rent in Elk River, Minnesota.
      501 Main St NW, Elk River, MN 55330
      View Details
    • Contact for pricing
      1,672 SF

      Professional Office Building in Elk River

      Professional office building in Elk River with convenient northwest metro location.
      19230 Evans St NW, Elk River, MN 55330
      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.
    Riv Rd. & Rawlings Ave
    Otsego, MN 55330
    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
    Riv Rd. & Rawlings Ave, Otsego, MN, 55330
    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!