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    Property profile & analytics

    299 Johnson Ave Waseca, MN 56093

    • Industrial properties
    • 17.66 lot acres
    For Lease
    View listing
    Value Estimation
    $2,445,000
    Last Sale
    Apr 13, 2021
    $2,142,500
    Location Intelligence
    Property ID
    US46-2288541
    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

    • Industrial properties

    Property Details for 299 Johnson Ave

    Lot size
    17.66 lot acres
    Property type
    Industrial properties
    APN
    17.018.2200
    APU
    170182200

    Description

    This exceptional Waseca, Minnesota property at 299 Johnson Ave SW offers a substantial 248,121 square feet of combined office and industrial space. Currently, 122,116 square feet of vacant space is available for lease, divisible into units as small as 1,849 square feet, with a maximum contiguous space of 122,116 square feet. The building, constructed in 1954 and renovated in 1982, is classified as Class C and sits on a generous 19.72-acre lot. The property boasts impressive features including ceiling heights ranging from 10 to 22 feet, twelve dock-high doors, one drive-in door, and ample parking with 575 spaces. The building is equipped with elevators and benefits from heavy power capabilities, making it ideal for a variety of industrial uses. The zoning is I-2 Moderate Industry District, allowing for a range of potential tenants. The property's APN is 17.018.2200 | 17.126.0290. This versatile space presents a unique opportunity for businesses seeking a significant footprint in a well-located industrial area. The property's size and features make it suitable for a variety of industrial and office tenants. Inquire today to learn more about lease options and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,680,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,950,000
      6.5%
      $2,240,000
      7%
      $2,235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,340,000
      Geo Method
      $2,095,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,235,000
      Retail
      $2,105,000
      Mixed-Use
      $2,135,000
      Hospitality
      $1,830,000
      Educational
      $2,140,000
      Residential Income
      $2,100,000
      Energy
      $2,065,000
      Income-Based Land
      $1,965,000
      Food Service
      $2,385,000

    Location Insight

    • Map
    • Local Demand
    City
    Waseca
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.5106
    Latitude
    44.0677

    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
    $74,212
    $441,800
    $1,647,200
    $2,089,000
    -
    $441,800
    $1,647,200
    $2,089,000

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    Waseca, MN 56093
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    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
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