Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    501 Minnesota Ave Saint Peter, MN 56082-2507

    • Office buildings
    • 36,984 SF
    • 2.42 lot acres
    OFF-MARKET
    Value Estimations
    $2,420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-2853180
    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

    • Nicollet County Sheriff's Office / Sheriff'S Department
    • John Albert Johnson Statue / Resort
    • Veterans Memorial - St. Peter / Resort
    • Nicollet County Planning & Zoning / County Government Office
    • Nicollet County Vital Stats / County Government Office

    Property Details for 501 Minnesota Ave

    Year built
    2015
    Lot size
    2.42 lot acres
    Property size
    36,984 SF
    Property type
    Office buildings
    APN
    19.412.5410
    APU
    194125410

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,590,000
      Current use
      RESTAURANT
      $2,535,000
      Change: -2% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,535,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.9589
    Latitude
    44.3209
    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
    $50
    $524,200
    $8,435,000
    $8,959,200
    -
    $524,200
    $8,435,000
    $8,959,200

    Comparable in this City

    • Value Estimation by Request
      3,481 SF

      400 Frnt St

      OFFICE BUILDING • 3,481 SF
      400 Frnt St, Saint Peter, MN 56082-2502
      View Details
    • Value Estimation by Request
      9,256 SF

      Saint Peter, MN 56082

      OFFICE BUILDING • 9,256 SF
      Saint Peter, MN 56082
      View Details
    • Value Estimation by Request
      4,340 SF

      326 Minnesota Ave

      OFFICE BUILDING • 4,340 SF
      326 Minnesota Ave, Saint Peter, MN 56082-2524
      View Details
    • Value Estimation by Request
      672 SF

      38973 State Hwy 22

      OFFICE BUILDING • 672 SF
      38973 State Hwy 22, Saint Peter, MN 56082
      View Details
    • Value Estimation
      $720,000
      22,646 SF

      1120 Swift St

      OFFICE BUILDING • 22,646 SF
      1120 Swift St, Saint Peter, MN 56082-1887
      View Details
    • Value Estimation
      $540,000
      11,256 SF

      622 Sunrise Dr

      OFFICE BUILDING • 11,256 SF
      622 Sunrise Dr, Saint Peter, MN 56082-5500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,256 SF

      St. Peter Multi-Tenant Office

      Multi-tenant office space near Gustavus Campus and St. Peter Highschool.
      622 Sunrise Dr, St Peter, MN 56082
      View Details
    • Contact for pricing
      11,256 SF

      Turnkey Commercial Space in St. Peter

      High-visibility commercial space ideal for medical, financial, or administrative offices.
      622 Sunrise Dr, Saint Peter, MN 56082
      View Details
    • $59,900
      0.30 Acres

      Residential Lot in Prairie Heights

      Residential land available in St. Peter, Minnesota's Prairie Heights.
      1624 Riverview Rd, St Peter, MN 56082
      View Details
    • $363,500
      1,982 SF

      Spacious Quadplex in Pine Pointe

      Carefree living in a desirable St. Peter subdivision.
      1202 Pine Pointe Curv, St Peter, MN 56082
      View Details
    • $59,900
      0.41 Acres

      Residential Lot in Prairie Heights

      Residential lot available in the Prairie Heights Subdivision.
      1628 Riverview Rd, St Peter, MN 56082
      View Details
    • $1,200,000

      Shovel-Ready Lot with Hoop Shed

      Accessible lot with outdoor storage and a hoop building.
      1716 N 3Rd St, St Peter, MN 56082
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr

      Highway 169 Retail Frontage Available

      Former Ace Hardware with excellent visibility and traffic exposure.
      201 S Minnesota Ave, Saint Peter, MN 56082
      View Details
    • Contact for pricing
      804 SF

      Renovated Building in Downtown St. Peter

      Retail and office spaces available in renovated Paddlefish Brewery building.
      108 S Minnesota Ave, St Peter, MN 56082
      View Details
    • Contact for pricing

      622 Sunrise Dr, Saint Peter, MN 56082

      Medical Office Space
      622 Sunrise Dr, Saint Peter, MN 56082
      View Details
    • $15 SF/Yr

      Turnkey Daycare Facility in St. Peter

      Permit-approved daycare space for lease in a neighborhood setting.
      622 Sunrise Dr, Saint Peter, MN 56082
      View Details
    • Contact for pricing
      480 SF

      Renovated Commercial Spaces For Lease

      Recently renovated commercial spaces with street frontage and parking.
      208-212 S Minnesota Ave, St Peter, MN 56082
      View Details
    • Contact for pricing

      St Peter Flex/Warehouse Space

      Open flex/warehouse space with overhead door, dock potential.
      956 E Hill St, St Peter, MN 56082
      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.
    501 Minnesota Ave
    Saint Peter, MN 56082-2507
    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.
    Sign Up Successful!
    You now have access to more from Realmo!