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    Property profile & analytics

    123 3rd St Chaska, MN 55318-1911

    • Office buildings
    • 1,851 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Last Sale
    Apr 01, 2025
    $480,000
    Location Intelligence
    Property ID
    US46-0413181
    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

    • THE TRAVEL BOUTIQUE / Travel Agency
    • Circle Mind Body Medicine / Medical Clinic
    • BeeWell Massage / Doctor / Massage Therapist
    • Forever Life Home Health Care / Home Health Care Service
    • Matthew Peyton Photography / Photographer / Portrait Studio

    Property Details for 123 3rd St

    Year built
    1900
    Lot size
    0.09 lot acres
    Property size
    1,851 SF
    Property type
    Office buildings
    APN
    30-0503060
    APU
    300503060

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $490,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $505,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $595,000
      Retail
      $590,000
      Mixed-Use
      $475,000
      Hospitality
      $555,000
      Educational
      $505,000
      Residential Income
      $485,000
      Energy
      $570,000
      Income-Based Land
      $520,000
      Food Service
      $445,000

    Location Insight

    • Map
    • Local Demand
    City
    Chaska
    County
    Carver
    State
    Minnesota
    Longitude
    -93.6018
    Latitude
    44.7859
    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
    2024
    $8,088
    $75,500
    $232,000
    $307,500
    -
    $75,500
    $232,000
    $307,500

    Comparable in this City

    • Value Estimation
      $250,000
      1,536 SF

      546 Bavaria Ln

      OFFICE BUILDING • 1,536 SF
      546 Bavaria Ln, Chaska, MN 55318-4597
      View Details
    • Value Estimation
      $280,000
      2,700 SF

      564 Bavaria Ln

      OFFICE BUILDING • 2,700 SF
      564 Bavaria Ln, Chaska, MN 55318-4597
      View Details
    • Value Estimation
      $260,000
      1,536 SF

      582 Bavaria Ln

      OFFICE BUILDING • 1,536 SF
      582 Bavaria Ln, Chaska, MN 55318-4597
      View Details
    • Value Estimation
      $400,000
      878 SF

      111000 Bavaria Rd

      OFFICE BUILDING • 878 SF
      111000 Bavaria Rd, Chaska, MN 55318-2702
      View Details
    • Value Estimation
      $295,000
      624 SF

      505 Chestnut St

      OFFICE BUILDING • 624 SF
      505 Chestnut St, Chaska, MN 55318-1925
      View Details
    • Value Estimation
      $325,000
      576 SF

      608 Flying Cloud Dr

      OFFICE BUILDING • 576 SF
      608 Flying Cloud Dr, Chaska, MN 55318-9502
      View Details

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    Similar Nearby for Lease

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      Office spaces available for lease with ample parking.
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    • $16 SF/Yr
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      Mixed-Use Property in Historic Chaska

      Upscale retail, office, and multi-tenant housing in downtown Chaska.
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      Chaska Office Space For Rent

      Office space available in Chaska, convenient location, ample parking.
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    • Contact for pricing
      38,290 SF

      Chaska Tech Center Warehouse Space

      Modern warehouse space, Chaska, MN. Ideal for business or storage.
      2950 Chaska Blvd, Chaska, MN 55318
      View Details

    Property Visit Statistics

    • Visits by month
      3.5k
    • Visitors by month
      2.2k
    • Avg Time on site
      9 min
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    Chaska, MN 55318-1911
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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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