Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Tbd Premier Dr Mankato, MN 56001

    • Drive through restaurants
    • 612 SF
    • 1.32 lot acres
    For Sale
    View listing
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0405735
    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

    • Caribou Coffee / Cafe & Coffee Shop

    Property Details for Tbd Premier Dr

    Year built
    2020
    Lot size
    1.32 lot acres
    Property size
    612 SF
    Property type
    Drive through restaurants
    APN
    R01.09.09.227.006
    APU
    R010909227006

    Description

    This exceptional 0.75-acre commercial land parcel presents a unique investment opportunity in Mankato, Minnesota. Located at 1841 Premier Dr, within the B-3 Highway Business District (APN R010909227006), this property boasts an enviable position alongside major big-box retailers on Highway 22. Specifically situated in front of Fleet Farm, between Victory Drive and Highway 14, the lot benefits from exceptionally high traffic counts generated by the surrounding commercial activity and convenient access for shoppers and commuters. The property's strategic placement ensures significant visibility and accessibility, making it an attractive location for a variety of commercial ventures. This prime location offers easy ingress and egress, contributing to its overall appeal and potential for strong returns. The property's zoning designation, B-3 Highway Business District, allows for a wide range of commercial uses, providing flexibility for potential developers. This is a rare opportunity to acquire a highly visible and accessible commercial lot in a thriving retail corridor. Don't miss this chance to capitalize on this exceptional location.

    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
    -93.95
    Latitude
    44.1789
    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
    $13,180
    $345,000
    $198,800
    $543,800
    -
    $345,000
    $198,800
    $543,800

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      1855 Madison Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,360 SF
      1855 Madison Ave, Mankato, MN 56001-6200
      View Details
    • Value Estimation
      $750,000
      1,500 SF

      814 Riverfront Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,500 SF
      814 Riverfront Dr, Mankato, MN 56001-3336
      View Details
    • Value Estimation by Request
      5,608 SF

      150 Lind St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,608 SF
      150 Lind St, Mankato, MN 56001-2869
      View Details
    • Value Estimation by Request
      2,806 SF

      2112 Broad Ct

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,806 SF
      2112 Broad Ct, Mankato, MN 56001-3277
      View Details
    • Value Estimation by Request
      1,252 SF

      10 Sibley Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,252 SF
      10 Sibley Pkwy, Mankato, MN 56001-2073
      View Details
    • Value Estimation by Request
      480 SF

      25 Stoltzman Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 480 SF
      25 Stoltzman Rd, Mankato, MN 56001-2462
      View Details

    Similar Nearby for Sale

    • $599,000
      Pending

      Freestanding Commercial Building with Drive-Thru

      Former Hardee’s with drive-thru, ideal for restaurant or retail.
      101 W Lind Ct, Mankato, MN 56001
      View Details
    • $3,150,000
      7,480 SF

      Mankato Triple-Net Retail Investment

      High-Demand QSR Portfolio, 6.25% Cap Rate
      1920 Adams St, Mankato, MN 56001
      View Details
    • $650,000
      5,000 SF

      Mankato Build-to-Suit Opportunity

      5,000 SF Retail Space, Highway 14 Exposure
      0 St Andrews Dr, Mankato, MN 56001
      View Details
    • $450,000
      3,168 SF

      Mankato Mixed-Use Investment Opportunity

      Mixed-use property with coffee shop and apartments in downtown Mankato.
      329 N Riverfront Dr, Mankato, MN 56001
      View Details
    • $3,150,000
      7,480 SF

      Retail Property in Mankato, MN

      Retail property with national tenants, excellent visibility and access.
      1920 Adams St, Mankato, MN 56001
      View Details
    • $300,000
      0.75 Acres

      Prime Retail Outlot Opportunity

      Strategically located retail outlot with high traffic counts.
      Tbd Premier Dr, Mankato, MN 56001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Prime Retail Pads Available

      New retail development with drive-thru, available Summer 2025.
      N Victory Dr, Mankato, MN 56001
      View Details
    • Contact for pricing
      5,852 SF

      QSR/Cafe End Cap Retail

      Prime retail opportunity with maximum exposure and accessibility.
      511 Holly Ln, Mankato, MN 56001
      View Details
    • $15 SF/Yr
      115,875 SF

      Repurposed Entertainment and Restaurant Hub

      Family entertainment and restaurant hub with diverse leasing options.
      1850 Madison Ave, Mankato, MN 56001
      View Details
    • Contact for pricing
      726,795 SF

      River Hills Mall Food Court Ste. 620

      Lifestyle centers • 726,795 SF
      1850 Adams St, Mankato, MN 56001
      View Details
    • Contact for pricing
      9,819 SF

      Retail Space with Mezzanine Level

      Retail space featuring a mezzanine level with offices and storage.
      1701 Adams St, Mankato, MN 56001
      View Details
    • $1,000 /Mo

      Retail Space in Mankato, MN

      Retail space available for rent in Mankato, Minnesota.
      412 Park Ln, 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.
    Tbd Premier Dr
    Mankato, MN 56001
    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.