Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2056 Round Table Rd North Mankato, MN 56003-4413

    • Mobile home & RV parks
    • 1,809 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-2573673
    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

    • Mobile home & RV parks

    Property Details for 2056 Round Table Rd

    Year built
    2001
    Property size
    1,809 SF
    Property type
    Mobile home & RV parks
    APN
    18.950.4866
    APU
    189504866

    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
    North Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.0448
    Latitude
    44.1898
    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
    2023
    $368
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,248 SF

      144 Kingsway Dr

      MOBILE HOME PARK, TRAILER PARK • 1,248 SF
      144 Kingsway Dr, North Mankato, MN 56003-1206
      View Details
    • Value Estimation by Request
      1,216 SF

      2111 Excalibur Rd

      MOBILE HOME PARK, TRAILER PARK • 1,216 SF
      2111 Excalibur Rd, North Mankato, MN 56003-4428
      View Details
    • Value Estimation by Request
      1,431 SF

      2169 Excalibur Rd

      MOBILE HOME PARK, TRAILER PARK • 1,431 SF
      2169 Excalibur Rd, North Mankato, MN 56003-4430
      View Details
    • Value Estimation by Request
      1,456 SF

      1900 Lancelot Ln

      MOBILE HOME PARK, TRAILER PARK • 1,456 SF
      1900 Lancelot Ln, North Mankato, MN 56003-4400
      View Details
    • Value Estimation by Request
      1,456 SF

      177 Kingsway Dr

      MOBILE HOME PARK, TRAILER PARK • 1,456 SF
      177 Kingsway Dr, North Mankato, MN 56003-1213
      View Details
    • Value Estimation by Request
      696 SF

      141 Kingsway Dr

      MOBILE HOME PARK, TRAILER PARK • 696 SF
      141 Kingsway Dr, North Mankato, MN 56003-1207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.18 Acres

      Modern Mixed-Use Property

      Upscale retail space plus five luxury apartments in North Mankato.
      235 Belgrade Ave, North Mankato, MN 56003
      View Details
    • $2,600,000
      0.18 Acres

      Modern Mixed-Use Property For Sale

      Upscale retail space plus five luxury apartments in North Mankato.
      235 Belgrade Ave, North Mankato, MN 56003
      View Details
    • New
      $264,900
      2,066 SF

      Spacious North Mankato Multi-Family Duplex

      Multi-family duplex near downtown North Mankato with updated features.
      532 Range St, North Mankato, MN 56003
      View Details
    • $2,600,000

      Mixed-Use Property: Retail & Apartments

      Modern retail space plus five luxury apartments in North Mankato.
      235-257 Belgrade Ave, North Mankato, MN 56003
      View Details
    • $3,375,000
      0.69 Acres

      North Mankato Mixed-Use Property

      Well-maintained commercial property with apartments and retail spaces in prime location.
      422 Belgrade Ave, North Mankato, MN 56003
      View Details
    • $3,375,000

      Mixed-Use Property in Business District

      Mixed-use property with apartments and retail in North Mankato.
      422 Belgrade Ave, North Mankato, MN 56003
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo

      Modern Mixed-Use Property For Rent

      Upscale retail space with five luxury apartments in North Mankato.
      235-237 Belgrade Ave, North Mankato, MN 56003
      View Details
    • $12 SF/Yr
      1,106 SF

      Retail/Office Space in North Mankato

      Retail or office space available in North Mankato location.
      1802-1838 Commerce Dr, North Mankato, MN 56003
      View Details
    • $3,783 /Mo

      Prime Commercial Space on Highway

      Premier commercial space with high visibility and highway access.
      1107 Range St, North Mankato, MN 56003
      View Details
    • $6,997 /Mo

      Prime Commercial Space Available

      New commercial development with high visibility and build-to-suit options.
      340 Webster Ave, North Mankato, MN 56003
      View Details
    • Contact for pricing
      28,895 SF

      North Kato Plaza: Office Suites Available

      Modern Mankato Office Space, Flexible Sizes
      1810 Commerce Dr, North Mankato, MN 56003
      View Details
    • Contact for pricing
      3,456 SF

      Prime Commercial Space for Lease

      Premier commercial project with high visibility and customizable space.
      1109-1111 Range St, North Mankato, MN 56003
      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.
    2056 Round Table Rd
    North Mankato, MN 56003-4413
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.