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    1130 S Victory Dr Mankato, MN 56000
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    Property profile & analytics

    1130 S Victory Dr Mankato, MN 56000

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    • Warehouses
    • 4,000 SF
    • 1.04 lot acres
    For Sale
    $750,000
    View Listing →
    Mankato Mini Storage Investment Opportunity For Sale
    $750,000

    Mankato Mini Storage Investment Opportunity

    Multi-building mini storage facility in high-demand Mankato location.

    1130 & 1208 S Victory Drive, Mankato, MN 56000
    View Listing
    Property ID
    US46-1913519
    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.
    Value Estimations
    Cap Rate Potential
    5.7%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Store My Stuff Southern Minnesota / Storage Facility
    • GSW Exterior Specialists, Richards' Seamless Gutter / Construction Company / General Contractor

    Property Details for 1130 S Victory Dr

    Year built
    1980
    Lot size
    1.04 lot acres
    Property size
    4,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    R43.09.21.326.010
    APU
    R430921326010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $555,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $565,000
      6.5%
      $525,000
      7%
      $485,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $370,000
      Current use
      OFFICE BUILDING
      $360,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9618
    Latitude
    44.1421
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, MN MICROPOLITAN 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
    2024
    $6,012
    $85,600
    $261,700
    $347,300
    -
    $85,600
    $261,700
    $347,300

    Comparable in this City

    • Value Estimation
      $850,000
      6,400 SF

      Mankato, MN 56001

      MINI-WAREHOUSE, STORAGE • 6,400 SF
      Mankato, MN 56001
      View Details
    • Value Estimation
      $860,000
      10,000 SF

      20 Sibley Pkwy

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      20 Sibley Pkwy, Mankato, MN 56001-2073
      View Details
    • Value Estimation by Request
      2,800 SF

      1041 Southbend Ave

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      1041 Southbend Ave, Mankato, MN 56001-5957
      View Details
    • Value Estimation by Request
      2,430 SF

      756 Main W St

      MINI-WAREHOUSE, STORAGE • 2,430 SF
      756 Main W St, Mankato, MN 56001-6533
      View Details
    • Value Estimation by Request
      4,264 SF

      1208 Victory Dr

      MINI-WAREHOUSE, STORAGE • 4,264 SF
      1208 Victory Dr, Mankato, MN 56001
      View Details
    • Value Estimation
      $575,000
      4,320 SF

      1653 Stadium Ln

      MINI-WAREHOUSE, STORAGE • 4,320 SF
      1653 Stadium Ln, Mankato, MN 56001-5318
      View Details

    Similar Nearby for Sale

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      Garage Condos for Sale

      Storage and garage condos ideal for personal or business use.
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    • $1,275,000
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      Mankato Office and Warehouse Space

      Office and warehouse spaces in various sizes near Highway 14.
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    • $625,000
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      Mankato Commercial Space For Sale

      8208 SF commercial space in Mankato's Contractors Park.
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    • $795,000

      Fairmont Commercial Shop Condo Units

      Flexible commercial units for sale or lease in Fairmont, MN.
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      Mankato Flex Space with Showroom

      Flex space featuring showroom, shop area, and highway access.
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      Victory Drive Commercial Opportunity

      Versatile commercial property with high visibility and income potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Mankato Flex Space Available

      Versatile commercial space near downtown Mankato with showroom and warehouse.
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      Mankato Warehouse with Storage Space

      Warehouse with overhead doors, office space, and outside storage.
      55177 210Th Ln, Mankato, MN 56001
      View Details
    • $6 SF/Yr

      Mankato Warehouse with Storage Space

      Warehouse with overhead doors, small office, and outside storage.
      55177 210Th Ln, Mankato, MN 56001
      View Details
    • $6 SF/Yr
      12,921 SF

      Warehouse with Outside Storage Space

      Warehouse featuring outside storage and convenient highway access.
      321-325 Lundin Blvd, Mankato, MN 56001
      View Details
    • $22 SF/Yr
      2,299 SF

      Mankato Multi-Tenant Industrial Building

      Renovated light industrial building with flexible spaces for lease.
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      View Details
    • $11 SF/Yr

      Mankato Industrial Facility For Lease

      Well-located industrial facility with warehouse, distribution, and retail space.
      320 Lundin Blvd, Mankato, MN 56001
      View Details
    View Listing
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    Mankato, MN 56000
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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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