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

    21340 Hayes Ave Lakeville, MN 55044-6802

    • Office buildings
    • 23,195 SF
    • 3.30 lot acres
    OFF-MARKET
    Value Estimation
    $13,575,000
    Last Sale
    Oct 19, 2023
    $13,750,000
    Location Intelligence
    Property ID
    US46-0803076
    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

    • Tree House Foods / Food Products Supplier / Manufacturer
    • John B. Sanfilippo & Son, Inc. offices / Manufacturer

    Property Details for 21340 Hayes Ave

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    3.30 lot acres
    Property size
    23,195 SF
    Property type
    Office buildings
    APN
    22-31076-01-030
    APU
    223107601030

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,995,000

    • CAP approach

      CAP return
      Estimation
      6%
      $14,690,000
      6.5%
      $12,360,000
      7%
      $14,830,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,455,000
      Geo Method
      $13,035,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,780,000
      Retail
      $13,055,000
      Mixed-Use
      $14,440,000
      Hospitality
      $11,785,000
      Educational
      $10,825,000
      Residential Income
      $12,245,000
      Energy
      $14,650,000
      Income-Based Land
      $12,415,000
      Food Service
      $14,165,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2308
    Latitude
    44.6397
    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
    2022
    $52,138
    $640,300
    $1,147,700
    $1,788,000
    -
    $640,300
    $1,147,700
    $1,788,000

    Comparable in this City

    • Value Estimation by Request
      10,546 SF

      16023 Elmhurst Ln

      OFFICE BUILDING • 10,546 SF
      16023 Elmhurst Ln, Lakeville, MN 55044-4796
      View Details
    • Value Estimation by Request
      8,939 SF

      17677 Cedar Ave

      OFFICE BUILDING • 8,939 SF
      17677 Cedar Ave, Lakeville, MN 55044-2250
      View Details
    • Value Estimation by Request
      4,784 SF

      19784 Kenrick Ave

      OFFICE BUILDING • 4,784 SF
      19784 Kenrick Ave, Lakeville, MN 55044-7912
      View Details
    • Value Estimation by Request
      98,036 SF

      20802 Kensington Blvd

      OFFICE BUILDING • 98,036 SF
      20802 Kensington Blvd, Lakeville, MN 55044-8052
      View Details
    • Value Estimation by Request
      6,002 SF

      19950 Dodd Blvd, Unit 2

      OFFICE BUILDING • 6,002 SF
      19950 Dodd Blvd, Lakeville, MN 55044-6341
      View Details
    • Value Estimation
      $275,000
      1,770 SF

      19950 Dodd Blvd, Unit 1

      OFFICE BUILDING • 1,770 SF
      19950 Dodd Blvd, Lakeville, MN 55044-6341
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.10 Acres

      Lakeville Office Suite For Sale

      Professional office suite in high-visibility Lakeville corridor, ideal for medical.
      16372 Kenrick Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing
      0.00 Acres

      Lakeville Office Space For Sale

      Single office space in high-traffic Lakeville commercial area.
      16372 Kenrick Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing
      0.00 Acres

      Lakeville Office Space For Sale

      Professional office space in high-traffic Lakeville commercial area.
      16372 Kenrick Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing
      1.00 Acre

      Lakeville Commercial Land - 2 Lots

      Prime Lakeville location, commercial zoning, build-to-suit options.
      0 Keokuk Ave, Lakeville, MN 55044
      View Details
    • $450,000

      Office Land For Sale

      Corner lot near City Hall, redevelopment opportunity.
      20275 Holyoke Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing

      Land For Sale Lakeville

      Land available for sale in Lakeville, Minnesota.
      207Th St W, Lakeville, MN 55044
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building Currently 100% Leased

      Office building for rent, currently 100% leased.
      17595 Kenwood Trl, Lakeville, MN 55044
      View Details
    • $15 SF/Yr
      13,379 SF

      Professional Office Building For Rent

      Professional office building with elevator access and ample parking.
      17685 Juniper Path, Lakeville, MN 55044
      View Details
    • $6 SF/Yr
      6,106 SF

      Lakeville Office Space for Lease

      Flexible workspace solutions in Lakeville, MN.
      20731 Holyoke Ave, Lakeville, MN 55044
      View Details
    • $9 SF/Yr
      8,861 SF

      Lakeville Warehouse/Office Space Available

      8,861 SF warehouse with office space for lease.
      21044 Heron Way, Lakeville, MN 55044
      View Details
    • Contact for pricing
      25,000 SF

      Development Opportunity Near Interstate I-35

      20+ acres available for development near a full diamond interchange.
      18350 Orchard Trl, Lakeville, MN 55044
      View Details
    • 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
    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.
    21340 Hayes Ave
    Lakeville, MN 55044-6802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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.