Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Wanamingo Afton, MN 55001

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Wanamingo Afton, MN 55001

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

    Current Use by Public Records

    • Land

    Property Details for 0 Wanamingo

    Lot size
    19.00 lot acres
    Property type
    Land

    Description

    This exceptional 19-acre commercial land parcel presents a compelling investment opportunity in Wanamingo, Minnesota, situated near the city limits of Afton. Priced at $570,000 ($30,000/acre), this flat, level property offers convenient access via 3rd Ave or Prairie Ridge Lane, ensuring excellent visibility and accessibility. Its expansive size allows for diverse commercial development, including retail spaces, manufacturing facilities, or other businesses requiring ample space. The property boasts natural drainage and is close to existing city amenities and infrastructure, minimizing development hurdles. While currently zoned for potential commercial use, further zoning verification is recommended. The substantial lot size provides ample room for parking and outdoor storage, enhancing its appeal to a wide range of potential businesses. This location offers a unique blend of rural tranquility and convenient access to state highways, making it an attractive option for businesses seeking expansion or a new location. Real estate taxes are to be determined.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Afton
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.8378
    Latitude
    44.9089

    Comparable in this City

    • Value Estimation by Request
      75.00 Acres

      19 Hwy

      Farms • 75.00 Acres
      19 Hwy, Afton, MN 55001
      View Details
    • Value Estimation by Request
      2,178 SF

      16065 32nd S St

      COMMERCIAL (GENERAL) • 2,178 SF
      16065 32nd S St, Afton, MN 55001-9801
      View Details
    • Value Estimation by Request
      0.53 Acres

      Afton, MN 55001

      VACANT COMMERCIAL LAND • 0.53 Acres
      Afton, MN 55001
      View Details
    • Value Estimation by Request
      0.10 Acres

      Afton, MN 55001

      VACANT COMMERCIAL LAND • 0.10 Acres
      Afton, MN 55001
      View Details
    • Value Estimation by Request
      0.52 Acres

      3185 Saint Croix S Trl

      VACANT COMMERCIAL LAND • 852 SF
      3185 Saint Croix S Trl, Afton, MN 55001-9419
      View Details
    • Value Estimation
      $1,415,000
      10,268 SF

      14386 Hudson S Rd

      COMMERCIAL (GENERAL) • 10,268 SF
      14386 Hudson S Rd, Afton, MN 55001-8709
      View Details

    Similar Nearby for Sale

    • $4,500,000

      Land Available on Hudson Road

      Land for sale located on Hudson Road in Afton, MN.
      12175 Hudson Rd S, Afton, MN 55001
      View Details
    • $249,900
      0.44 Acres

      Downtown Afton Lot with Views

      Lot in historic Afton, near Saint Croix River.
      15800 33Rd St S, Afton, MN 55001
      View Details
    • New
      $1,500,000
      62.50 Acres

      Afton Land Parcel For Sale

      62.5± acres of land in Afton, Minnesota.
      Tbd Manning Ave S, Afton, MN 55001
      View Details
    • New
      $899,950
      36.90 Acres

      36.9 Acres of Land

      Land for sale in Denmark Township, Minnesota.
      60Th St S, Afton, MN 55001
      View Details
    • $4,500,000

      24.1 Acre Light Industrial Land

      24.1 acres with I-94 exposure near Amazon Distribution Center.
      12175 Hudson Rd S, Afton, MN 55001
      View Details
    • $4,500,000
      24.08 Acres

      Afton Light Industrial Land Opportunity

      24.1 acres of light industrial land with interstate exposure.
      12175 Hudson Rd S, Afton, MN 55001
      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.
    Wanamingo
    Afton, MN 55001
    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

    Wanamingo, Afton, MN, 55001

    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!