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    Property profile & analytics

    5505 123rd St Savage, MN 55378-5505

    • Manufacturing properties
    • 340,588 SF
    • 16.54 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2843803
    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

    • Manufacturing properties

    Property Details for 5505 123rd St

    Year built
    1954
    Lot size
    16.54 lot acres
    Property size
    340,588 SF
    Property type
    Manufacturing properties
    APN
    26-479011-0
    APU
    264790110

    Description

    This exceptional industrial property in Scott County offers a diverse range of flexible warehouse and manufacturing spaces, perfect for various business needs. The single building, totaling 306,824 square feet, was constructed in 1969 and extensively renovated in 2019. Multiple tenancy options are available, with minimum divisible space starting at 3,294 square feet and maximum contiguous space reaching 9,294 square feet. Currently, 3,294 square feet of space is immediately available. The property boasts impressive features including 18-foot ceiling heights, enhancing storage and operational efficiency. Loading and unloading are simplified with five loading docks and five dock-high doors, complemented by one drive-in door. Tenants will appreciate shared common area amenities such as bathrooms and a kitchenette. Lease terms are gross leases, with a one-month security deposit contingent upon financial qualifications. This prime location provides easy access to transportation routes and offers a blend of modern upgrades within a well-established structure. Contact us today to explore the possibilities and secure your ideal space.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Savage
    County
    Scott
    State
    Minnesota
    Longitude
    -93.3461
    Latitude
    44.7766
    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
    2024
    $465,912
    $5,658,000
    $13,791,400
    $19,449,400
    -
    $5,658,000
    $13,791,400
    $19,449,400

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    5505 123rd St
    Savage, MN 55378-5505
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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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