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Financial
Distress signals
Property profile

21044 Heron Way Lakeville, MN 55044

OFF-MARKET
Other industrial properties
Property ID
US46-0048997
48,578 SF 2.9 ac lot Built 1999
Last sale Jul 2013 · $1,575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property in Lakeville, Minnesota consists of an 8,861-square-foot office and warehouse space that was previously used as a sports training facility. The layout includes approximately 1,725 square feet of office area and 7,136 square feet of warehouse area. It is zoned for industrial use. Warehouse features include a 20-foot clear height, one 12-foot by 14-foot drive-in door, and one dock door. The building is equipped with 400A/208V power and LED lighting.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$93k
Tax billed · 2023
Assessed value · 2022$3.25M
Assessed land$590k
Assessed improvement$2.66M
Effective rate2.86%

Value estimate

· Oct 2026
$3.69M
$3.32M – $4.05M
Submarket $/SF estimate$4.59M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$84/SF
County average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$59 – $125
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDAKOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.2
Restaurant10.8
Hair Salon10.8

Location

21044 Heron Way Lakeville, MN 55044-8068
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7776 Lakeville, Lakeville, MN 55044-5075 $5,000,000 Mar 2025 62,000 SF
11077 225th E, Lakeville, MN 55044-9771 $850,000 Jan 2024 7,296 SF
21325 Hamburg, Lakeville, MN 55044-8341 $13,750,000 Oct 2023 275,666 SF
22595 Pillsbury, Lakeville, MN 55044-8232 $200,000 Jun 2023 68,750 SF
21310 Heywood, Lakeville, MN 55044-9522 $825,000 Dec 2022 9,600 SF
7571 215th W, Lakeville, MN 55044-9887 $4,800,000 Oct 2022 29,540 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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