Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1570 Adams St Mankato, MN 56001-5192

    • Medical Office Space
    • 3,162 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1878692
    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

    • Southern Minnesota Endodontics / Dental Office
    • Behind the Smile Southern MN DPLN / Charitable Organization / Social Service Agency
    • Paul Hilfer / Dental Office
    • Jennie Harris / Dental Office
    • Kyle Nelson / Dental Office

    Property Details for 1570 Adams St

    Year built
    2003
    Lot size
    0.29 lot acres
    Property size
    3,162 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    R01.09.09.328.014
    APU
    R010909328014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9636
    Latitude
    44.1709
    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
    $21,190
    $77,600
    $836,200
    $913,800
    -
    $77,600
    $836,200
    $913,800

    Comparable in this City

    • Value Estimation by Request
      3,460 SF

      730 Madison Ave

      MEDICAL BUILDING • 3,460 SF
      730 Madison Ave, Mankato, MN 56001-6100
      View Details
    • Value Estimation
      $4,585,000
      47,274 SF

      1421 Premier Dr

      MEDICAL BUILDING • 47,274 SF
      1421 Premier Dr, Mankato, MN 56001-6076
      View Details
    • Value Estimation by Request
      4,146 SF

      120 Augusta Ct Ste, Unit 100

      MEDICAL BUILDING • 4,146 SF
      120 Augusta Ct Ste, Mankato, MN 56001-7720
      View Details
    • Value Estimation
      $1,165,000
      1,800 SF

      151 Saint Andrews Ct Ste, Unit 1110

      MEDICAL BUILDING • 1,800 SF
      151 Saint Andrews Ct Ste, Mankato, MN 56001-8819
      View Details
    • Value Estimation
      $1,140,000
      36,226 SF

      1431 Premier Dr

      MEDICAL BUILDING • 36,226 SF
      1431 Premier Dr, Mankato, MN 56001-6076
      View Details
    • Value Estimation by Request
      3,200 SF

      608 Madison Ave

      MEDICAL BUILDING • 3,200 SF
      608 Madison Ave, Mankato, MN 56001-6112
      View Details

    Similar Nearby for Sale

    • $755,000
      5,796 SF

      Mankato Office Building - Built to Suit

      5,796 SF Office; Highway 14 Visibility
      140 St Andrews Dr, Mankato, MN 56001
      View Details
    • $575,000
      3,160 SF

      Stand Alone Office Building

      Stand alone office building with multiple private offices and exam rooms.
      204 Star St, Mankato, MN 56001
      View Details
    • $1,199,000
      6,000 SF

      Victory Drive Commercial Opportunity

      Versatile commercial property with high visibility and income potential.
      219 S Victory Dr, Mankato, MN 56001
      View Details
    • $1,275,000
      11,405 SF

      Mankato Office/Warehouse Investment Opportunity

      High-traffic location, versatile space, excellent visibility.
      219 Victory Dr, Mankato, MN 56001
      View Details
    • $1,275,000
      42,410 SF

      Mankato Office and Warehouse Space

      Office and warehouse spaces in various sizes near Highway 14.
      1415 1St Ave, Mankato, MN 56001
      View Details
    • $589,000
      0.59 Acres

      Mankato Office Space with Lake View

      Well-appointed office space with lake views and modern amenities.
      75 Teton Ln, Mankato, MN 56001
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr

      Madison East Center Retail Space

      Repurposed retail property with medical-retail focus, office and industrial potential.
      1400 Madison Ave, Mankato, MN 56001
      View Details
    • $12 SF/Yr
      6,490 SF

      Mankato Office Space For Lease

      West Mankato Office, High Visibility
      530 Pleasant St, Mankato, MN 56001
      View Details
    • $10 SF/Yr
      331,604 SF

      Madison East Center Retail Space

      Repurposed retail property with medical-retail focus, office and retail spaces.
      1400 Madison Ave, Mankato, MN 56001
      View Details
    • $6 SF/Yr
      42,410 SF

      Mankato Office & Warehouse Space

      Prime Mankato location, flexible office/warehouse suites.
      1415 1St Ave, Mankato, MN 56001
      View Details
    • $818 /Mo
      3,923 SF

      Emy Frentz Building Office Suite

      Single office suite for nonprofit tenants in downtown Mankato.
      523 S 2Nd St, Mankato, MN 56001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1570 Adams St
    Mankato, MN 56001-5192
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!