Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    220 Sibley St Hastings, MN 55033-1247
    Back to Search
    Property profile & analytics

    220 Sibley St Hastings, MN 55033-1247

    View on Map
    • Office buildings
    • 18,642 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Oct 21, 2024
    $900,000
    Property ID
    US46-0011096
    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.
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Moody Family Law, pllc / Law Firm / Child Welfare Organization
    • SNO Sites / Training Center
    • United Steelworkers / Factory / Production Facility
    • Action Driving Inc / Training Center / Vocational School

    Property Details for 220 Sibley St

    Year built
    1922
    Construction
    CONCRETE
    Lot size
    0.28 lot acres
    Property size
    18,642 SF
    Zone code
    R
    Property type
    Office buildings
    APN
    19-32150-13-082
    APU
    193215013082

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $706,000
      Market price range: $706k - $2.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hastings
    County
    Dakota
    State
    Minnesota
    Longitude
    -92.8516
    Latitude
    44.7435
    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
    $8,534
    $103,800
    $240,600
    $344,400
    -
    $103,800
    $240,600
    $344,400

    Comparable in this City

    • Value Estimation
      $940,000
      14,288 SF

      1250 Frontage Rd

      OFFICE BUILDING • 14,288 SF
      1250 Frontage Rd, Hastings, MN 55033-1519
      View Details
    • Value Estimation by Request
      3,596 SF

      507 Vermillion St

      OFFICE BUILDING • 3,596 SF
      507 Vermillion St, Hastings, MN 55033-1938
      View Details
    • Value Estimation by Request
      3,180 SF

      2137 Vermillion St

      OFFICE BUILDING • 3,180 SF
      2137 Vermillion St, Hastings, MN 55033-3741
      View Details
    • Value Estimation by Request
      1,741 SF

      925 Hwy 55th Ste, Unit 201

      OFFICE BUILDING • 1,741 SF
      925 Hwy 55th Ste, Hastings, MN 55033-3736
      View Details
    • Value Estimation by Request
      1,892 SF

      103 2nd E St

      OFFICE BUILDING • 1,892 SF
      103 2nd E St, Hastings, MN 55033-1203
      View Details
    • Value Estimation by Request
      3,735 SF

      311 2nd E St

      OFFICE BUILDING • 3,735 SF
      311 2nd E St, Hastings, MN 55033-1207
      View Details

    Similar Nearby for Sale

    • $395,000
      3,060 SF

      Renovated Commercial Property on Highway

      Versatile, renovated commercial property with high traffic exposure.
      2324 Vermillion St, Hastings, MN 55033
      View Details
    • Contact for pricing
      1.25 Acres

      Hastings Professional Building Office Space

      Office space for lease in a highly visible Hastings location.
      1250 N Frontage Rd, Hastings, MN 55033
      View Details
    • Contact for pricing
      98,580 SF

      Adaptable Flex Space with Showroom

      Flex space featuring offices, showroom, and climate-controlled warehousing.
      800 10Th St E, Hastings, MN 55033
      View Details
    • $165,000
      0.66 Acres

      Wooded Homesite in Wyndham Hills

      Private, wooded 0.66 acre homesite in Hastings, Minnesota.
      1730 River Shore Dr, Hastings, MN 55033
      View Details
    • Contact for pricing

      Land Ready For Development

      Land pre-approved for fast development with utilities available.
      Enterprise Ave & Spiral Blvd, Hastings, MN 55033
      View Details
    • $325,000
      3.80 Acres

      Land in Exclusive Afton Neighborhood

      3 to 5 acre lots near Afton Alps and Park.
      L4b3 65Th St, Hastings, MN 55033
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,737 SF

      Functional Warehouse Space in Hastings

      Versatile warehouse with office space, heated and air-conditioned.
      1313-1325 S Frontage Rd, Hastings, MN 55033
      View Details
    • Contact for pricing
      6,000 SF

      Office Space Available for Rent

      Office space for rent at 725 Spiral Blvd, Hastings, MN.
      725 Spiral Blvd, Hastings, MN 55033
      View Details
    • Contact for pricing
      2,016 SF

      Highway 55 Office Space Available

      Office space for rent, excellent signage, close to amenities.
      1640 S Frontage Rd, Hastings, MN 55033
      View Details
    • Contact for pricing
      2,051 SF

      Office Space Near Highway 55

      Office space with convenient access and proximity to amenities.
      1320 S Frontage Rd, Hastings, MN 55033
      View Details
    • $8 SF/Yr
      12,835 SF

      Hastings Warehouse Space Available

      12,835 SF warehouse space for lease in Hastings, MN.
      12151 120Th St South, Hastings, MN 55033
      View Details
    • Contact for pricing

      Retail Center at Highways Intersection

      Retail center at a high-traffic intersection in Hastings, Minnesota.
      1100-1214 Vermillion St, Hastings, MN 55033
      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.
    220 Sibley St
    Hastings, MN 55033-1247
    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

    Thank You for Inquiry
    220 Sibley St, Hastings, MN, 55033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!