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    Property profile & analytics

    16045 Joplin Ave Lakeville, MN 55044-9484

    • Residential income homes
    • 5,236 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $645,000
    Last Sale
    Jan 25, 2022
    $710,000
    Location Intelligence
    Property ID
    US46-0764520
    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

    • Residential income homes

    Property Details for 16045 Joplin Ave

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Property size
    5,236 SF
    Zone code
    R
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    22-53706-01-020
    APU
    225370601020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $630,000

    • CAP approach

      CAP return
      Estimation
      6%
      $680,000
      6.5%
      $750,000
      7%
      $775,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $755,000
      Geo Method
      $645,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $680,000
      Retail
      $585,000
      Mixed-Use
      $770,000
      Hospitality
      $590,000
      Educational
      $765,000
      Residential Income
      $760,000
      Energy
      $575,000
      Income-Based Land
      $595,000
      Food Service
      $780,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2801
    Latitude
    44.7169
    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
    $9,170
    $83,300
    $626,800
    $710,100
    -
    $83,300
    $626,800
    $710,100

    Comparable in this City

    • Value Estimation by Request
      5,320 SF

      20345 Iberia Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,320 SF
      20345 Iberia Ave, Lakeville, MN 55044-7283
      View Details
    • Value Estimation by Request
      4,860 SF

      16165 Joplin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,860 SF
      16165 Joplin Ave, Lakeville, MN 55044-9488
      View Details
    • Value Estimation
      $460,000
      3,128 SF

      20630 Hughes W Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,128 SF
      20630 Hughes W Ave, Lakeville, MN 55044-6641
      View Details
    • Value Estimation by Request
      4,869 SF

      16115 Joplin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,869 SF
      16115 Joplin Ave, Lakeville, MN 55044-9486
      View Details
    • Value Estimation
      $255,000
      3,128 SF

      20635 Howland W Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,128 SF
      20635 Howland W Ave, Lakeville, MN 55044-6643
      View Details
    • Value Estimation
      $555,000
      4,860 SF

      16135 Joplin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,860 SF
      16135 Joplin Ave, Lakeville, MN 55044-9487
      View Details

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    Lakeville, MN 55044-9484
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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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