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    Property profile & analytics

    16720 Welcome SE Ave Prior Lake, MN 55372-3348

    • Manufacturing properties
    • 14,400 SF
    • 5.07 lot acres
    OFF-MARKET
    Value Estimation
    $180,000
    Last Sale
    Feb 28, 2020
    $170,000
    Location Intelligence
    Property ID
    US46-2896298
    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

    • AUTO DNA LLC / Used Car Dealer
    • Clausen Construction Inc / Construction Company

    Property Details for 16720 Welcome SE Ave

    Year built
    2015
    Lot size
    5.07 lot acres
    Property size
    14,400 SF
    Property type
    Manufacturing properties
    APN
    25-528001-0
    APU
    255280010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $170,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $155,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $165,000
      Mixed-Use
      $155,000
      Hospitality
      $145,000
      Educational
      $155,000
      Residential Income
      $155,000
      Energy
      $175,000
      Income-Based Land
      $170,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Prior Lake
    County
    Scott
    State
    Minnesota
    Longitude
    -93.4022
    Latitude
    44.708
    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
    $53,810
    $402,900
    $1,703,900
    $2,106,800
    -
    $402,900
    $1,703,900
    $2,106,800

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

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      MANUFACTURING (LIGHT) • 1.10 Acres
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    • Value Estimation by Request
      33,110 SF

      17230 Adelmann SE St

      MANUFACTURING (LIGHT) • 33,110 SF
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    • Value Estimation by Request
      13,280 SF

      5448 Cottonwood SE Ln

      MANUFACTURING (LIGHT) • 13,280 SF
      5448 Cottonwood SE Ln, Prior Lake, MN 55372-3970
      View Details
    • Value Estimation by Request
      29,420 SF

      17021 Fish Pt SE Rd

      MANUFACTURING (LIGHT) • 29,420 SF
      17021 Fish Pt SE Rd, Prior Lake, MN 55372-3326
      View Details
    • Value Estimation
      $1,690,000
      7,840 SF

      5821 Industrial SE Ln

      MANUFACTURING (LIGHT) • 7,840 SF
      5821 Industrial SE Ln, Prior Lake, MN 55372-2685
      View Details
    • Value Estimation
      $995,000
      5,040 SF

      17066 Revere Way

      MANUFACTURING (LIGHT) • 5,040 SF
      17066 Revere Way, Prior Lake, MN 55372-2978
      View Details

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      Prior Lake Medical Office Space

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      View Details
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    Prior Lake, MN 55372-3348
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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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