Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakeville Blvd Lakeville, MN 55044
    Back to Search
    Property profile & analytics

    Lakeville Blvd, Lakeville, MN 55044

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

    Current Use by Public Records

    • Land

    Property Details for 0 Lakeville Blvd

    Lot size
    23.96 lot acres
    Property type
    Land

    Description

    This exceptional 23.96-acre commercial land parcel boasts over 1800 feet of high-visibility frontage on Highway 50/Lakeville Boulevard, conveniently located just east of Cedar Avenue in Lakeville, Minnesota. The property, identified by APN numbers 220340025030, 220340025021, and 220340027011, is zoned C-2 Highway Commercial, allowing for a wide array of development possibilities. Potential uses include, but are not limited to, auto dealerships, banks, retail establishments, hotels, storage facilities, and warehouses. The substantial lot size presents an excellent opportunity for a large-scale development or the potential to subdivide the property into smaller parcels. Its prime location on a major thoroughfare ensures high traffic volume and exceptional exposure, making it an ideal investment for businesses seeking maximum visibility and accessibility. This property offers significant potential for substantial returns. The asking price is $3,995,000. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2242
    Latitude
    44.6439

    Comparable in this City

    • Value Estimation by Request
      6.69 Acres

      179th St

      Land
      179th St, Lakeville, MN 55044
      View Details
    • Value Estimation by Request
      1.00 Acre

      Keokuk Ave

      Land
      0 Keokuk Ave, Lakeville, MN 55044
      View Details
    • Value Estimation by Request
      2.19 Acres

      175th W & Glacier Way

      Land
      175th W & Glacier Way, Lakeville, MN 55044
      View Details
    • Value Estimation by Request
      0.95 Acres

      210Th St

      Land
      0 210Th St, Lakeville, MN 55044
      View Details
    • Value Estimation by Request
      1.01 Acres

      20275 Holyoke Ave

      Land
      20275 Holyoke Ave, Lakeville, MN 55044
      View Details
    • Value Estimation by Request
      7.99 Acres

      I-35 And Cr-70

      Land
      I-35 And Cr-70, Lakeville, MN 55044
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Lakeville

      Land available for sale in Lakeville, Minnesota.
      207th W & Keystone Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing

      Land For Sale Lakeville

      Land available for sale in Lakeville, Minnesota.
      Lakeville 179Th St, Lakeville, MN 55044
      View Details
    • Contact for pricing

      Lakeville Land Opportunity

      Land available on Blue Star Mem Hwy & 195th St.
      195Th St, Lakeville, MN 55044
      View Details
    • Contact for pricing

      Lakeville Land Opportunity

      Land available in Lakeville, Minnesota.
      10650 175Th St W, Lakeville, MN 55044
      View Details
    • $550,000

      Land Parcel Near County Road

      Land parcel available near County Road in Lakeville, Minnesota.
      7264 230Th St E, Lakeville, MN 55044
      View Details
    • Contact for pricing

      7.99 Acres of Land

      7.99 acres of land available for sale.
      CR-70 Lakeville Blvd, Lakeville, MN 55044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Lakeville Commercial Land Opportunity

      Approximately 30 acres of commercial land available for rent.
      210th W & Kensington Blvd, Lakeville, MN 55044
      View Details
    • Contact for pricing

      Airlake Industrial Park Outdoor Storage

      2.0 Acres of fenced, paved outdoor storage for lease.
      8415 220Th St W, Lakeville, MN 55044
      View Details
    • Contact for pricing
      1,000,000 SF

      Interstate South Logistics Park Development

      330-acre industrial park with build-to-suit opportunities.
      Dodd Blvd & County Rd 70, Lakeville, MN 55044
      View Details
    • Contact for pricing
      2,500 SF

      Lakeville Commercial Land For Rent

      Approximately 30 acres of commercial land available for rent.
      20851 Kenrick Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing
      2,500 SF

      Lakeville Commercial Land Opportunity

      Approximately 30 acres of commercial land available for lease.
      20851 Kendrick Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing

      Lakeville Retail Outparcel Land Available

      Established retail destination with outparcel sites and shop opportunities.
      Dodd Blvd, Lakeville, MN 55044
      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.
    Lakeville Blvd
    Lakeville, MN 55044
    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
    Lakeville Blvd, Lakeville, MN, 55044
    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!