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    15662 Pilot Knob Rd Apple Valley, MN 55124

    • Strip malls
    • 6,979 SF
    • 1.43 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    May 18, 2022
    $2,680,000
    Location Intelligence
    Property ID
    US46-1174485
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 15662 Pilot Knob Rd

    Year built
    2012
    Lot size
    1.43 lot acres
    Property size
    6,979 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    01-18071-01-010
    APU
    11807101010

    Description

    This exceptional 6,979 square foot retail property, located at 15662 Pilot Knob Rd, Apple Valley, MN 55124, presents a compelling investment opportunity. Built in 2012, this formerly Pizza Ranch location has been completely renovated into a vibrant retail center. Its strategic location in Dakota County offers convenient access to Interstate 35W, ensuring high visibility and significant traffic flow. This translates to a strong potential for business success and return on investment. The property's prime location within the growing Apple Valley market makes it an attractive prospect for businesses seeking to establish a presence in a thriving area. The 6,979 square feet of retail space provides ample room for a variety of commercial uses. This property is ideal for investors looking to capitalize on the robust retail market and high traffic volume associated with its convenient highway access. The property's recent transformation ensures modern amenities and a ready-to-occupy space. This is a rare opportunity to acquire a well-positioned retail property in a dynamic and expanding market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,890,000
      6.5%
      $2,460,000
      7%
      $2,550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,465,000
      Geo Method
      $2,525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,970,000
      Retail
      $2,995,000
      Mixed-Use
      $2,680,000
      Hospitality
      $2,425,000
      Educational
      $3,200,000
      Residential Income
      $2,760,000
      Energy
      $2,405,000
      Income-Based Land
      $3,295,000
      Food Service
      $3,225,000

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1761
    Latitude
    44.7215
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,330
    $718,100
    $690,500
    $1,408,600
    -
    $718,100
    $690,500
    $1,408,600

    Comparable in this City

    • Value Estimation by Request
      13,234 SF

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      SHOPPING CENTER, STRIP CENTER • 13,234 SF
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      View Details
    • Value Estimation by Request
      6,600 SF

      15678 Pilot Knob Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      15678 Pilot Knob Rd, Apple Valley, MN 55124-7209
      View Details
    • Value Estimation by Request
      12,144 SF

      14949 Florence Trl

      SHOPPING CENTER, STRIP CENTER • 12,144 SF
      14949 Florence Trl, Apple Valley, MN 55124-4716
      View Details
    • Value Estimation by Request
      35,146 SF

      14929 Florence Trl

      SHOPPING CENTER, STRIP CENTER • 35,146 SF
      14929 Florence Trl, Apple Valley, MN 55124-4631
      View Details
    • Value Estimation by Request
      15,360 SF

      15265 Galaxie Ave

      SHOPPING CENTER, STRIP CENTER • 15,360 SF
      15265 Galaxie Ave, Apple Valley, MN 55124-3134
      View Details
    • Value Estimation by Request
      13,248 SF

      15052 Gleason Path

      SHOPPING CENTER, STRIP CENTER • 13,248 SF
      15052 Gleason Path, Apple Valley, MN 55124-7112
      View Details

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      Retail Space in Apple Valley

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      15676 Pilot Knob Rd, Apple Valley, MN 55124
      View Details
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    Apple Valley, MN 55124
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    Realmo Value Estimation

    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.

    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.

    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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