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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1350 Maras St Shakopee, MN 55379-8812

    • Manufacturing properties
    • 6,850 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimations
    $415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1031624
    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

    • Manufacturing properties

    Property Details for 1350 Maras St

    Year built
    1974
    Lot size
    0.88 lot acres
    Property size
    6,850 SF
    Property type
    Manufacturing properties
    APN
    27-057002-0
    APU
    270570020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $515,000
      Market price range: $515k - $872k
      AI Estimate
      $246,000
      Market price range: $82.5k - $614k

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

    Location Insight

    • Map
    • Local Demand
    City
    Shakopee
    County
    Scott
    State
    Minnesota
    Longitude
    -93.4026
    Latitude
    44.7812
    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
    $16,458
    $225,800
    $440,100
    $665,900
    -
    $225,800
    $440,100
    $665,900

    Comparable in this City

    • Value Estimation
      $395,000
      3.49 Acres

      1451 Stagecoach Rd

      MANUFACTURING (LIGHT) • 3.49 Acres
      1451 Stagecoach Rd, Shakopee, MN 55379-8045
      View Details
    • Value Estimation
      $240,000
      0.15 Acres

      804 Vly Park Dr

      MANUFACTURING (LIGHT) • 0.15 Acres
      804 Vly Park Dr, Shakopee, MN 55379-1853
      View Details
    • Value Estimation
      $270,000
      5.67 Acres

      13388 Louisville Rd

      MANUFACTURING (LIGHT) • 5.67 Acres
      13388 Louisville Rd, Shakopee, MN 55379
      View Details
    • Value Estimation
      $340,000
      2.55 Acres

      Shakopee, MN 55379

      MANUFACTURING (LIGHT) • 2.55 Acres
      Shakopee, MN 55379
      View Details
    • Value Estimation
      $315,000
      17.10 Acres

      14355 Louisville Rd

      MANUFACTURING (LIGHT) • 17.10 Acres
      14355 Louisville Rd, Shakopee, MN 55379-9224
      View Details
    • Value Estimation
      $870,000
      50,440 SF

      1495 3rd W Ave

      MANUFACTURING (LIGHT) • 50,440 SF
      1495 3rd W Ave, Shakopee, MN 55379-1012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,695 SF

      Shakopee Warehouse with Climate Control

      60,695 SF climate-controlled warehouse with expansion potential in Shakopee.
      4500 Valley Industrial Blvd S, Shakopee, MN 55379
      View Details
    • $850,000
      4,125 SF

      Shakopee Warehouse with Office Space

      4,125 SF warehouse with office mezzanine for sale.
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    • $8,995,000
      15.03 Acres

      Shakopee Development Land

      15-Acre Mixed-Use Opportunity
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      View Details
    • Contact for pricing
      148,800 SF

      Shakopee Industrial Property for Sale

      148,800 square foot industrial property in Shakopee, Minnesota.
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      View Details
    • Contact for pricing
      95,000 SF

      Shakopee Industrial Property For Sale

      95,000 SF industrial property available in Shakopee, Minnesota.
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    • $1,495,000
      7,520 SF

      Downtown Shakopee Commercial Building For Sale

      Newly built commercial building in downtown Shakopee with office and shop.
      160-190 Market St S, Shakopee, MN 55379
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Shakopee Executive Office/Warehouse

      Modern 10,000 SF space available. Prime location.
      1555 Maras St, Shakopee, MN 55379
      View Details
    • Contact for pricing
      10,125 SF

      Shakopee Warehouse and Distribution Space

      80,000 SF building with easy highway access.
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      View Details
    • Contact for pricing

      Shakopee Warehouse/Distribution Space Available

      Warehouse/distribution space suitable for distribution, office warehouse, manufacturing, headquarters.
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      View Details
    • Contact for pricing
      374,700 SF

      Shakopee Warehouse and Office Space

      Available warehouse and office space in Shakopee, Minnesota.
      2101 4Th Ave E, Shakopee, MN 55379
      View Details
    • Contact for pricing
      162,628 SF

      Shakopee Warehouse with Air Conditioning

      162,628 SF warehouse with excellent highway access and air-conditioning.
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      View Details
    • Contact for pricing
      2,431 SF

      Shakopee Warehouse Space Available

      2,431 square foot warehouse space for rent in Shakopee.
      590 Citation Dr, Shakopee, MN 55379
      View Details
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    1350 Maras St
    Shakopee, MN 55379-8812
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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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