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Property profile

7870 218th W St Lakeville, MN 55044

OFF-MARKET
Showrooms
Property ID
US46-0200216
46,488 SF 3.02 ac lot Built 1977
Last sale Feb 2020 · $2,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a former industrial beverage facility consisting of a single-story warehouse building with a dedicated office area, situated on a 2.75-acre site. It includes loading and access features such as four loading docks, three drive-in doors, and one drive-through door, supporting both dock-high and drive-through-style operations. The facility is located near Airlake Airport and a rail spur with rail service provided by Progressive Rail, and it has convenient access to I-35 and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$75k
Tax billed · 2022
Assessed value$2.63M
Assessed land$477k
Assessed improvement$2.15M
Effective rate2.85%

Value estimate

· Oct 2026
$3.28M
$2.95M – $3.60M
AI approach$3.42M
Submarket $/SF estimate$3.48M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
County average, outlier-cleaned · 92 recorded sales of this use type
Observed band · Q1–Q3$46 – $127
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R
JurisdictionDAKOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service8.8
Furniture Store8.3
Carpet & Flooring Store8.2

Location

7870 218th W St Lakeville, MN 55044-9109
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20880 Keokuk, Lakeville, MN 55044-6003 $1,100,000 Jun 2023 19,611 SF
21881 Grenada, Lakeville, MN 55044-9077 $2,083,333 Sep 2022 34,450 SF
8812 215th W, Lakeville, MN 55044-8352 $4,995,000 Jul 2022 62,862 SF
21860 Hamburg, Lakeville, MN 55044-9034 $2,400,000 Jun 2022 46,002 SF
21725 Hamburg, Lakeville, MN 55044-9035 $3,300,000 Jan 2022 69,380 SF
21675 Hamburg, Lakeville, MN 55044-8474 $1,425,000 Mar 2021 46,912 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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