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    5 75Th Ave Eyota, MN 55934
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    5 75Th Ave Eyota, MN 55934

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    • Land
    • 64.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5 75Th Ave

    Lot size
    64.88 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 64.88-acre agricultural property presents a unique investment opportunity. Located in Olmsted County, Minnesota, near Viola (zip code 55934), this land boasts approximately 30 tillable acres with a blend of rock and loam soil, resulting in a Crop Productivity Index (CPI) of 52. The property's strategic location, just nine miles from downtown Rochester and about one mile from I-90, offers easy access via Highway 52. Currently generating $250 per acre in income for the 2025 and 2026 seasons, this land is ideal for farming operations, with potential for corn or bean crops. Past manure application enhances soil fertility. Zoned for agriculture, the property also holds potential for future residential development, subject to Olmsted County approvals. The APN is 633641036268. This sealed-bid auction concludes November 22, 2024, at 5 PM. Detailed terms and conditions, including buyer's fees, are available in supplemental materials. Don't miss this chance to acquire a versatile and productive agricultural asset in a high-growth area. The land is being sold as Tract 5 of 5 available tracts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eyota
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.3288
    Latitude
    43.9388

    Comparable in this City

    • Value Estimation by Request
      88.14 Acres

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      Farms • 88.14 Acres
      3 90Th Ave, Eyota, MN 55934
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    • Value Estimation by Request
      3,200 SF

      Eyota, MN 55934

      FARM SUPPLY & EQUIPMENT • 3,200 SF
      Eyota, MN 55934
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    • Value Estimation by Request
      6,696 SF

      8 Frnt NW St

      FARM SUPPLY & EQUIPMENT • 6,696 SF
      8 Frnt NW St, Eyota, MN 55934-6515
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    • Value Estimation by Request
      58.02 Acres

      90Th Ave

      Land • 58.02 Acres
      0 90Th Ave, Eyota, MN 55934
      View Details
    • Value Estimation by Request
      8,400 SF

      11201 Viola NE Rd

      GRAIN ELEVATOR • 8,400 SF
      11201 Viola NE Rd, Eyota, MN 55934-2114
      View Details
    • Value Estimation by Request
      0.11 Acres

      Eyota, MN 55934

      GRAIN ELEVATOR • 0.11 Acres
      Eyota, MN 55934
      View Details

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    5 75Th Ave
    Eyota, MN 55934
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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.

    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
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