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

    1750 Tower Blvd Victoria, MN 55386

    • Office buildings
    • 8,208 SF
    • 0.12 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Value Estimations
    $545,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0748889
    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

    • Sam Hennemann - State Farm Insurance Agent / Home Insurance Agency / Life Insurance Agency
    • Czuchry Law Firm / Legal Services / Employment Attorney
    • Storms & Alpaugh PLLC / Tax Preparation / Accountant
    • Tazzie Baby & Child / Baby Store
    • Hartman Communities / Home Builder

    Property Details for 1750 Tower Blvd

    Year built
    2003
    Lot size
    0.12 lot acres
    Property size
    8,208 SF
    Property type
    Office buildings
    APN
    65-0750060
    APU
    650750060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Carver
    State
    Minnesota
    Longitude
    -93.6615
    Latitude
    44.8594
    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
    $57,702
    $189,300
    $1,969,500
    $2,158,800
    -
    $189,300
    $1,969,500
    $2,158,800

    Comparable in this City

    • Value Estimation
      $325,000
      5,971 SF

      1670 Stieger Lk Ln

      OFFICE BUILDING • 5,971 SF
      1670 Stieger Lk Ln, Victoria, MN 55386-5800
      View Details
    • Value Estimation
      $465,000
      4,638 SF

      1772 Stieger Lk Ln

      OFFICE BUILDING • 4,638 SF
      1772 Stieger Lk Ln, Victoria, MN 55386-7720
      View Details
    • Value Estimation
      $420,000
      2,394 SF

      1700 Stieger Lk Ln

      OFFICE BUILDING • 2,394 SF
      1700 Stieger Lk Ln, Victoria, MN 55386-7721
      View Details
    • Value Estimation
      $485,000
      6,132 SF

      1600 Arboretum Blvd

      OFFICE BUILDING • 6,132 SF
      1600 Arboretum Blvd, Victoria, MN 55386-4303
      View Details
    • Value Estimation
      $350,000
      1,040 SF

      1915 Arboretum Blvd

      OFFICE BUILDING • 1,040 SF
      1915 Arboretum Blvd, Victoria, MN 55386-7708
      View Details
    • Value Estimation
      $270,000
      1,003 SF

      8210 Kochia Ln

      RADIO OR TV STATION • 1,003 SF
      8210 Kochia Ln, Victoria, MN 55386
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,873 SF

      Prime Victoria Office Building

      Spacious Office, 8,873 sq ft, 2.56 acres
      7980 Rose St, Victoria, MN 55386
      View Details
    • Contact for pricing

      Land with Highway Access

      Commercial land with highway visibility and access.
      10860 Victoria Dr, Victoria, MN 55386
      View Details
    • $724,550
      55.76 Acres

      Chanhassen Land Near Minnesota River

      Large commercial and industrial land parcel near the MN River.
      Xx1 Flying Cloud Dr, Chanhassen, MN 55386
      View Details
    • Contact for pricing

      Residential Development Land Near Amenities

      Land suitable for residential development near parks and schools.
      1720-1880 Church Lake Blvd, Victoria, MN 55386
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,500 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available in mixed-use community.
      75204 Victoria Dr, Victoria, MN 55386
      View Details
    • $25 SF/Yr
      8,873 SF

      Victoria Class A Retail Space

      Prime Victoria Retail, 8,873 SF Available
      7980 Rose St, Victoria, MN 55386
      View Details
    • $25 SF/Yr
      8,873 SF

      Retail Space on Highway 5

      Retail and restaurant space with high visibility and flexible terms.
      7980 Arboretum Blvd, Victoria, MN 55386
      View Details
    • $28 SF/Yr
      1,223 SF

      Victoria MN Retail Space Available

      Retail space in the heart of downtown Victoria, Minnesota.
      1750 Tower Blvd, Victoria, MN 55386
      View Details
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    1750 Tower Blvd
    Victoria, MN 55386
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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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