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

    19881 Idealic Ave Lakeville, MN 55044-2005

    • Day care centers
    • 10,813 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-2943248
    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

    • Lakeville KinderCare / High School / Daycare Center

    Property Details for 19881 Idealic Ave

    Year built
    2016
    Lot size
    2.01 lot acres
    Property size
    10,813 SF
    Property type
    Day care centers
    APN
    22-62900-01-010
    APU
    226290001010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $664,000
      Market price range: $378k - $695k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $515,000
      Current use
      AUTO REPAIR, GARAGE
      $555,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.252
    Latitude
    44.6619
    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
    2023
    $55,920
    $595,400
    $1,381,900
    $1,977,300
    -
    $595,400
    $1,381,900
    $1,977,300

    Comparable in this City

    • Value Estimation by Request
      9,675 SF

      17420 Dodd Blvd

      DAY CARE, PRE-SCHOOL • 9,675 SF
      17420 Dodd Blvd, Lakeville, MN 55044-5285
      View Details
    • Value Estimation
      $2,710,000
      10,188 SF

      9085 203rd W St

      DAY CARE, PRE-SCHOOL • 10,188 SF
      9085 203rd W St, Lakeville, MN 55044-5979
      View Details
    • Value Estimation
      $1,310,000
      5,356 SF

      16105 Cedar Ave

      DAY CARE, PRE-SCHOOL • 5,356 SF
      16105 Cedar Ave, Lakeville, MN 55044-7213
      View Details
    • Value Estimation by Request
      8,470 SF

      10487 165th W St

      DAY CARE, PRE-SCHOOL • 8,470 SF
      10487 165th W St, Lakeville, MN 55044-5638
      View Details
    • Value Estimation
      $1,770,000
      11,661 SF

      9475 176th W St

      DAY CARE, PRE-SCHOOL • 11,661 SF
      9475 176th W St, Lakeville, MN 55044-9135
      View Details
    • Value Estimation by Request
      17,507 SF

      Lakeville, MN 55044

      DAY CARE, PRE-SCHOOL • 17,507 SF
      Lakeville, MN 55044
      View Details

    Similar Nearby for Sale

    • $4,500,000
      5,256 SF

      Lakeville Dental Clinic - For Sale

      Class A Dental Practice, Expansion Ready
      18389 Orchard Trl, Lakeville, MN 55044
      View Details
    • $2,500,000
      150.33 Acres

      Eureka Twp Farmland Opportunity

      150+ acre farmland near Lakeville with Vermillion River access.
      87xx 235Th St, Lakeville, MN 55044
      View Details
    • $2,819,160
      7.99 Acres

      I-35 Commercial Land, Lakeville, MN

      7.99 Acres, Prime Commercial Site
      I-35 And Cr-70, Lakeville, MN 55044
      View Details
    • $283,400
      1,960 SF

      Lakeville Industrial Condo - Perfect Storage

      Spacious Storage Condo, Ideal for Business or Hobby
      24947 Larson Ln, Lakeville, MN 55044
      View Details
    • $283,400
      1,960 SF

      Lakeville Industrial Condo - 1960 SF

      Spacious storage condo, heated & insulated, ideal for business or hobby.
      24947 Larson Ln, Lakeville, MN 55044
      View Details
    • $1,850,000
      10,000 SF

      24786 Mesenbrink Way, Lakeville, MN 55044

      Commercial real estate • 10,000 SF
      24786 Mesenbrink Way, Lakeville, MN 55044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,986 SF

      Lakeville Executive Office Space

      Modern Office Suites, 2,999 - 45,900 SF
      20855 Kensington Blvd, Lakeville, MN 55044
      View Details
    • Contact for pricing
      50,080 SF

      Industrial Space Ready in 2021

      Industrial property with outdoor storage, available for rent in 2021.
      215Th St W, Lakeville, MN 55044
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Lakeville Center

      Retail space available in established Lakeville shopping center.
      20176-20184 Heritage Dr, Lakeville, MN 55044
      View Details
    • Contact for pricing
      1,721 SF

      Retail Space in Established Center

      Retail space available in well-established shopping center.
      7670-7704 W 160Th St, Lakeville, MN 55044
      View Details
    • Contact for pricing
      137,614 SF

      Lakeville Industrial Space Available

      Industrial property with 137,614 square feet available for rent.
      21560 Grenada Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Neighborhood Center

      Retail space available in Cub Foods anchored neighborhood center.
      Kenwood Trl, Lakeville, MN 55044
      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.
    19881 Idealic Ave
    Lakeville, MN 55044-2005
    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.